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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Creating durable assets through rural employment: Rubber Board ties up with MGNREGA
-The Economic Times The state-run Rubber Board is turning to the rural employment guarantee programme to increase India's natural rubber output from the present 9 million tonne a year. With rising global demand for rubber, the board is keen to extend the area under cultivation. It has identified 400,000 hectare in the North East, 100,000 hectare in Odisha and 50,000 hectare each in Andhra Pradesh, Jharkhand and Chhattisgarh as areas with potential...
More »The malnutrition bazaar-Kundan Pandey
-Down to Earth Is India ready to protect itself from the onslaught of food and nutrition industry? India is shouldering a huge burden of malnutrition-in the absence of government figures, a dipstick survey by non-profit HUNGaMA in 2012 suggests that 59 per cent of the country's children could have stunted growth and 42 per cent could be underweight. While the government is still struggling to tackle the problem, the food and nutrition...
More »Walmart's investment in Cedar violates FEMA, RBI rules: CBI -Rasul Bailay
-The Economic Times NEW DELHI: The Central Bureau of Investigation (CBI) has said Walmart's $100-million investment in Cedar Support Services, the holding company of Bharti Retail, in 2010, violated India's foreign exchange rules as well as Reserve Bank of India (RBI) guidelines but said as these violations did not fall within its purview, it cannot investigate the matter. "The case was analysed which reveals violations of RBI guidelines and Fema regulations," the...
More »Eco concerns delay river-bed mining -Manpreet Randhawa
-The Hindustan Times Chandigarh: Ecological issues have delayed the start of river-bed mining, an idea propagated by Punjab deputy chief minister Sukhbir Singh Badal with the aim of extracting enough sand not only to meet the growing demand but also to control its skyrocketing rates in the market. The plan may not be implemented immediately as the proposed quarries would require clearance from the state environment impact assessment authority. Also, environmentalists fear...
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