Amid concerns that the Reserve Bank of India (RBI) could tighten its monetary policy in January 2010, inflation during October more than doubled to 1.34 per cent, as compared to 0.5 per cent a month earlier, mostly due to the rising cost of essential food items. In the first monthly data released by the government on Saturday, the build-up inflation in the financial year so far was 6.13 per cent...
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India Eco Summit: 'Food inflation to ease by fiscal-end'
Planning Commission Deputy Chairman Montek Singh Ahluwalia today said the food price inflation would come down by the end of the current fiscal. "Food price inflation by the end of the current fiscal would be significantly lower than what it is right now," Ahluwalia said while speaking at the India Economic Summit here. Citing the reason for high food inflation, he said, at the end of a bad monsoon, particularly...
More »New data system reveals yearly food inflation at 13.39 per cent by Ashok Dasgupta
In a more realistic and less confusing picture of the situation, the new wholesale price data monitoring system introduced on Thursday revealed that inflation of food articles soared by 13.39 per cent year-on-year during the week ended October 24, mainly owing to a surge in potato and onion prices, even as inflation for primary articles declined by 0.11 per cent on a weekly basis. As per the new data collation system,...
More »Your meal is getting costlier
A simple vegetarian fare of dal, rice, Vegetables and chapattis is costing you more every month. Prices of Vegetables have almost doubled in the last two months while pulses and foodgrain are costing 25 per cent more. Lady's finger that was available for Rs 28 a kg a fortnight ago now costs Rs 40 a kg. Capsicum is up to Rs 70 a kg from Rs 40 a kg while prices of...
More »Bt brinjal can awaken a sleeping poison by Suman Sahai
What, you may ask, is common between potatoes, tomatoes, brinjal, chilli, datura, tobacco and the deadly nightshade (belladonna)? They all belong to a plant family called Solanaceae. The Solanaceae family contains a number of important agricultural plants as well as many psychoactive and toxic plants. Solanaceae species are rich in complex chemicals called alkaloids and contain some of the most poisonous plants known to mankind. They produce alkaloids in their...
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