-PTI NEW DELHI: Rising prices of onions and other vegetables pushed inflation to a five-month high of 5.79 per cent in July even as the government and RBI battled to stabilise the rupee. Inflation based on the Wholesale Price Index (WPI) was at 4.86 per cent in June. In July 2012, it was 7.52 per cent. The July number is above the Reserve Bank's comfort level of 4-5 per cent inflation. This is...

-The Times of India NEW DELHI: It is no big deal that for a Parliament used to discussing and dissecting scams worth thousands of crores, the dissipating odour of onions hasn't reached its hallowed portals. For more than a week of the Monsoon session little work has been done, and even less time has been spent discussing spiraling prices of essential commodities. After all, it has only touched Rs 100/kg and not yet...

-The Hindu blog The state that pioneered the successful noon-meal scheme may just have cooked up the next big idea. In his latest book, 'An Uncertain Glory - India and its contradictions', economist-philosopher and Nobel laureate Amartya Sen has devoted almost ten pages to sing Tamil Nadu's praise for its efficient delivery of public services. "Tamil Nadu's capacity for innovation and creative thinking in matters of public administration is an important example for...

The declining trend in food price inflation globally may not hold true for inflationary trends faced domestically due to a weakening Indian Rupee vis-a-vis the US Dollar. The recently released FAO food price Index (nominal) has shown a declining trend in July for the third consecutive month owing to lower international prices for grains, soy & palm oil, meat, dairy and sugar. (See links below) Based on FAO food price...

-Frontline Once more, without feeling: the government's latest poverty estimates. YET again the Central government has mired itself in controversy by releasing its latest poverty estimates based on the consumption expenditure survey of the NSSO (National Sample Survey Office) Survey of 2011-12. The Planning Commission's poverty line, using methodology suggested by the Tendulkar Committee in 2010, is now apparently defined as the spending of Rs. 27.20 per capita per day in rural...