A UN expert body on Thursday said surge in food prices in India is a matter of concern, but retail price inflation will cool down to 7.5% this year from around 12% last year. The UN Economic Social Commission for Asia and Pacific (Escap) also projected the economy to grow by 8.3% in 2010-11, compared to estimated 7.2% last fiscal, fueled by the recovery in investment and private consumption. “In India, consumer...

Highlighting the fact that the tobacco industry often pays the lowest possible wages, keeping its workers in a cycle of poverty, debt and ill-health, a recent research study titled “At the crossroads of life and livelihood: The economics, poverty and working conditions of people employed in the tobacco industry in India” presents key evidence linking tobacco production and manufacturing with crucial issues of growing poverty and impeded development. The study recommends...

A good monsoon forecast strengthens prospects for India to cut sugar imports, free up grain exports and buy more gold as rains boost supplies in the world’s leading consumer of most farm commodities. Annual monsoon rains from June to September are key to firing up growth and farm output and limiting inflation in India, which ranks among the world’s top producers and consumers of sugar, wheat, rice and edible oils and...

After sitting on the proposal for four years, the Planning Commission has approved the union agriculture ministry’s modified national agricultural insurance scheme. More than half a dozen different models of farm insurance have been tried out since the early 1970s but without much success. None of these schemes has been economically viable. We now have one more experiment being launched. No more than a fraction of the country’s over 120...

Is India’s brand new Seed Bill capable of protecting the farmers' livelihoods? Or will it compromise their interest by allowing multinational seed companies to have a free run of the Indian seed market? The new Bill seeks to regulate the seed market and improve the quality of seeds as well as to harmonise and update the old policies in line with the current international practices for production, supply and for...