-PTI Economic prosperity is fuelling food inflation in the country, Chief Economic Adviser Raghuram Rajan today said while making a case for increasing productivity to fight price rise. In his first media interaction after assuming charge, Rajan justified the diesel price hike saying there is a need to link domestic fuel prices with international rates to curb fiscal deficit. "One of the concerns of the last few years has been food inflation, which...

-The Hindustan Times In response to the widespread protests and the nation-wide hartal last Thursday, Prime Minister Manmohan Singh addressed the nation on Friday and tried to explain why these decisions had become inevitable. The thrust of his argument was, “We need a revival in investor confidence, domestically and globally.” For this, the current high fiscal deficit must be contained and, hence, the hike in the prices of diesel and cap on...

-The Economic Times The commerce ministry will soon move a Cabinet note seeking to allow unrestricted exports of processed food, as it tries to skirt frequent squabbles between ministries over export of farm products. "We have just started working on the note following discussions on the issue with key ministries, including that of food processing," an official told ET. The note will be circulated to all ministries concerned for their comments, the...

-The Times of India Hooked to organic food for its supposed health benefits? Here's some food for thought. In the largest analysis of studies till date on organic food, researchers from Stanford University have said there is "little evidence of healthier benefits from organic food over those grown conventionally". The researchers found no difference in protein or fat content between organic and conventional milk. No consistent differences were also seen in the...

-The Telegraph A government laboratory has detected cancer-causing fungal toxins exceeding safety limits in samples of ultra-high-temperature processed milk, suggesting that a contamination problem highlighted eight years ago remains unresolved. Scientists at the Central Food Technological Research Institute (CFTRI), Mysore, have found a compound called aflatoxin M1, a fungal product labelled a carcinogen, in about 20 per cent of the samples of UHT milk they examined. Earlier studies in India over the past...