-Down to Earth Panel headed by economists S Mahendra Dev also recommends linking wages to Consumer Price Index-Rural as cushion against inflation A committee of experts set up by the Union rural development ministry has recommended that the wages paid to unskilled agricultural labourers under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) should be the minimum wage fixed by the respective state or the current wage as per the consumer...

-PTI New Delhi: Rising prices of rice in the open market prompted households to reduce consumption and rely on ration shops to buy it at controlled rate, shows a government survey. According to the NSSO survey, Indian families consumed less rice in 2011-12 but their purchases of the commodity under Public Distribution System (PDS) doubled in villages and rose by 66 percent in cities. The monthly per capita rice consumption in villages was...

-FAO FAO publishes first global study of forest genetic resources Rome - FAO today urged countries to improve data gathering and research to promote the conservation and sustainable management of the world's forest genetic resources, which are coming under increasing pressure. According to the first-ever edition of The State of the World's Forest Genetic Resources report, half of the forest species reported as regularly utilized by countries are threatened by the conversion of...

-The Hindu   The Union Health Minister, Dr. Harsh Vardhan, recently said he "supports" higher taxes on cigarettes and other tobacco products. But even if he were to substantially increase the tax rates, will it make cigarettes and other tobacco products very expensive and hence reduce consumption? In the case of India, as per the current taxation practices, increasing the tax component is quite unlikely to reduce consumption drastically. This is unlike the...

-The Business Standard   Food articles inflation dips to 8.64% compared to 9.9% in March Wholesale Price Index-based Inflation fell by 0.5 percentage points to 5.2 per cent in April from 5.7 per cent in March, providing some relief to a new government amid other deteriorating macroeconomic numbers such as retail inflation and industrial output. All three major components of the index - food, fuel and manufactured goods - recorded moderation in inflation on...