Food-price inflation in India, Asia’s third-largest economy, may accelerate in the second half as farmers are paying 20 percent more to grow crops, according to the commission that helps set minimum farm-product prices. “The cost of production is going up very fast,” Ashok Gulati, chairman of the Commission for Agricultural Costs and Prices, said in a telephone interview yesterday. “The labor cost has gone up dramatically in the past one year...
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AID POLICY: Getting the recipe right for US food aid
-Irin Changing the food the US government supplies as aid could deliver better results and still save money, a new study says. The review for the US Agency for International Development (USAID) by researchers at the Tufts University Friedman School of Nutrition Science and Policy has been welcomed by NGOs and US food aid experts, but the findings have also come in for some criticism. The two-year review considered if USAID...
More »Centre has no say in Oil prices, says FM
-The Telegraph The Trinamul Congress was silent on the petrol price hike for the second day, its leaders only saying that Mamata Banerjee would speak on the issue. While Trinamul is still working on its response to the Rs 5 rise that the Left has pounced on to attack the UPA government, of which the party is a key member, finance minister Pranab Mukherjee today said the Centre could not be...
More »Price of delay
-The Business Standard Union finance minister Pranab Mukherjee was being economical with the truth when he said that last Saturday’s petrol price hike decision was entirely that of Oil marketing companies (OMCs). True, the government correctly but belatedly deregulated petrol pricing several months ago, but it is clear that despite a sharp increase in global crude Oil prices in the past six months, the OMCs restrained themselves from increasing domestic...
More »Petrol price hike unwarranted: AIDWA
-The Hindu The All-India Democratic Women's Association (AIDWA) has condemned the latest increase in the price of petrol by Rs.5 a litre. “The increase is unwarranted, particularly because international prices of Oil had shown a declining trend in recent weeks. This is indeed a post-election gift to people from the UPA government,” a statement issued by AIDWA said on Monday. “For the common people, who were reeling under relentless price rise for...
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