Unprecedented rise in potato prices pushes up Inflation Food Inflation soared to 15.58 per cent for the week ended November 14 in the wake of an unprecedented rise in the prices of potato and other essential items. Official data based on the Wholesale Price Index (WPI) released here on Thursday for the week revealed that while potato prices have more than doubled in the past 12 months, other basic food...
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A Question of Status by Tapan Raychaudhuri
There is a new excitement in the air concerning higher education. It has been decided by the powers that be, warmly supported by the academic community, that turning selected colleges into universities will open the gates to a Valhalla of knowledge. A commission entrusted with the qualitative improvement of higher education has recommended that on top of some 350 universities and/or equivalent institutions, another 1,500 will be created by upgrading...
More »Failed Food Summit and rising hunger
The three-day World Summit on Food Security (WSFS) that opened in Rome, Italy on 16 November, 2009 has ended with serious differences among participants. Among those expressing dissatisfaction with the final declaration was no less a person than Jacques Diouf, the head of UN’s Food and Agriculture Organisation (FAO). Diouf criticised the declaration for not including exact targets to reduce hunger. There is no mention of a deadline for the...
More »RBI survey sees lower GDP growth, higher corporate profits
The quarterly Survey of Professional Forecasters conducted by the Reserve Bank of India (RBI) revised India's gross domestic product growth downwards to 6 per cent for 2009-10 from 6.5 per cent in the previous round of the survey. However, the survey has estimated that corporate profits are set to rise in the current fiscal. According to the RBI, the highest probability of 37.5 per cent is assigned to growth range...
More »Inflation doubles as food prices go up by Sujay Mehdudia
Amid concerns that the Reserve Bank of India (RBI) could tighten its monetary policy in January 2010, Inflation during October more than doubled to 1.34 per cent, as compared to 0.5 per cent a month earlier, mostly due to the rising cost of essential food items. In the first monthly data released by the government on Saturday, the build-up Inflation in the financial year so far was 6.13 per cent...
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