An across-the-board increase in petrol, diesel and cooking gas prices is likely by mid-May, immediately after the Budget is passed in Parliament.  "There is a lot of pressure on the government from oil companies to increase fuel prices but they been informally told to hold on till the Budget is passed in Parliament," a senior government official told HT. "There may be one small increase in petrol price that is likely to...

I have never been to Brazil's "beautiful horizon", Belo Horizonte, the country's third-largest metropolitan area and an information and bio-technology hub, but I have followed the city's progress against what was once its enduring shame: hunger. In 1993, when 11% of its 2.5 million people lived in absolute poverty and a fifth of Belo's children went hungry, a newly-elected government declared that food was a fundamental right of every citizen,...

-PTI Chairman of Prime Minister's Economic Advisory Council, C Rangarajan today said Agriculture Produce Marketing Committees (APMCs) have not helped the farmers in gaining higher level of income.  "The marketing arrangements with respect to agricultural products remain very archaic", he said, delivering the convocation address at the University of Agricultural Sciences, Bangalore.  "Some of the legislations such as APMC have also not helped the farmers. There is a big difference between what the...

-The Times of India   As consumers open up to digital products, their personal data is being valued more and more as an asset. Facebook's looming $100 billion valuation is based on a presumption of having personal information on millions of users, which can be used to target advertising and content towards them. And Google is moving to collect similar information. Globally, the power of data aggregators is raising serious concerns around...

The key issue is not availability or resources but last mile delivery: how to reach foodgrains to people. In ancient Greece, the punishment given to Tantalus was to tie a cup around his neck and fill it with water. Every time he bent to take a sip, the cup would drop further and he would never get a drop into his parched mouth. From this comes the word “tantalizing”. Something like...