-The Telegraph Mamata Banerjee today sprayed a cocktail of petrol price and other grievances on the Centre, warning that the Trinamul Congress could pull out of the UPA government if it “did not think about the masses” and listen to her party. Oil firms said they had little option but to roll back the price increase if the Centre issued such a directive. However, till late this evening, the Prime Minister appeared...
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Low prices may cut Rabi potato acreage by 15 to 20 per cent by Madhvi Sally & Sutanuka Ghosal
Potato acreage in India is likely to drop by 15-20% in the new season. Farmers suffered last year due to a decline in prices following a higher production. According to an initial estimate, the losses could run into few thousand crores with Bengal farmers suffering the most. In this backdrop, a further expansion in area could weaken the prices even as sowing has started across Uttar Pradesh, Bengal, Bihar and Punjab....
More »Global food prices drop to 11-month low in October, UN agency reports
-The United Nations Food prices dropped to an 11-month low in October, the United Nations Food and Agriculture Organization (FAO) said today, while adding that they are still higher than last year and very volatile. FAO’s Food Price Index averaged 216 points last month, down 4 per cent from September, the agency said in a news release. The index is a measure of basic food prices at the global level. “The drop was...
More »High food price, a crisis on our plate by Brinda Jagirdar
To control inflation and ensure long-term economic growth, India needs to harness the creativity of the large number of its farmers and entrepreneurs, especially in rural areas. The latest WPI inflation data show primary articles inflation in double digit, driven mainly by food inflation which remains stubbornly high at over 9 per cent. The high food prices are the result of structural factors with shortages getting aggravated as demand continues to outstrip...
More »Addressing India’s hunger gap by NC Saxena
The word ‘hunger’ does not appear in the 12th Plan Approach Paper even once, whereas according to the latest Global Hunger Index Report, India continues to be in the category of those nations where hunger is ‘alarming’. What is worse, India is one of the three countries where the hunger index between 1996 and 2011 has gone up from 22.9 to 23.7, while 78 out of the 81 developing countries...
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