-Deccan Herald My house help asked me the other day: "Sahib ji, TV news tells me those earning more than Rs 1,000 a month are not poor. How can this be true? Although I am earning Rs 5,000 every month working at your home, I mop up your floor and wash your dishes. If I was rich why should I be doing cleaning job here?" Mohan used to be a helper in...

-PTI Ahmedabad: Attacking Prime Minister Manmohan Singh over the proposed Food Security Bill, Gujarat Chief Minister Narendra Modi today said the bill, in its current form, will push the country toward "malnutrition". In a letter to the Prime Minister written on August 7, Modi claimed that the National Food Security Ordinance (NFSO) promulgated by the Centre, which is likely to be passed in Parliament as the Food Security Bill, has inherent flaws...

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...

-Reuters BANGALORE: Inflation likely picked up slightly in July as its falling currency pushed up the price of imports, making raw materials more costly, and on rising food prices, a Reuters poll showed. Wholesale prices, India's key inflation measure, rose an annual 5 percent last month, the poll of 30 economists showed, hitting the ceiling of the Reserve Bank of India's commonly perceived comfort level. That was up slightly up from June's 4.89...

-Live Mint     Gujarat has grown faster than the national average—a point worth noting. But there’s no need for drumbeats  Gujarat's economic performance has been facing great scrutiny ever since chief minister Narendra Modi emerged as one of the top prime ministerial candidates of the Bharatiya Janata Party (BJP). I have been asked to compare Gujarat's economic performance during the past decade with that in the past and separate fact from fiction...