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...
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High stakes, mega bucks fuel illegal ‘dig-load-sell’ sand business -Surojit Gupta
-The Times of India NEW DELHI: Humble sand is today big business. The boom in the construction industry in the last decade has triggered a huge demand for sand, to meet which contractors, with the help of pliant state officials, have begun a dig-load-sell exercise at a frantic pace. The story of illegal loot of sand in this high-stake business is repeated in state after state. TOI spoke to several officials, activists,...
More »UPA may miss highway building target in poll year -Dipak Kumar Dash
-The Times of India NEW DELHI: UPA is likely to miss the target of constructing 20 km of highway per day during the election year, with the latest road transport and highways ministry data showing just 1,183 km has been constructed in the first quarter of the current fiscal. At the current pace, the per day construction is little over 13.14 km as against 15.7 km in 2012. During 2012-13, 5,732 km...
More »PMO to award contracts for 17 infrastructure plans -Dipak Kumar Dash
-The Times of India NEW DELHI: The Prime Minister's Office (PMO) is targeting the award of at least 17 big infrastructure projects during this financial year. These include three expressways, Mumbai elevated rail corridor, a major port, greenfield airport in Navi Mumbai, locomotive projects, two ultra-mega power plants and a number of power transmission works. The projects have been identified by key infrastructure ministries. The progress on intermediate steps will be monitored...
More »Fresh incidents of cloud burst as heavy rains lash Uttarakhand
-PTI DEHRADUN: Fresh incidents of cloud burst, landslides and house collapses were reported in Uttarakahnd after moderate to heavy rains lashed the state. Cloud burst incident was reported from Sunali village of Uttarakhand's Chamoli district, while moderate to heavy rains continued to lash the state. However, there was no report of any human loss or injury, said the officials at National Disaster Management and Mitigation centre. Several houses were hit by mud and slush...
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