-Reuters World food prices dropped in May for a second month in a row, hit by steep falls in dairy products, sugar and other commodities, and are likely to fall further in the coming months, the United Nations' Food and Agriculture Organisation (FAO) said on Thursday. Food prices grabbed attention of the world leaders after their spike to record highs in February 2011 helped fuel the protests known as the Arab Spring...
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Monsoon rains 36 per cent below average in first week
-Reuters Monsoon rains were 36 percent below average in the week to June 6, the weather office said on Thursday, reflecting the delay in the arrival of the seasonal rains over south India from the usual June 1 start date. The four-month long rainy season is in the initial stages and crops are not greatly affected by the quantity of rains now, with distribution of rainfall in mid-July after the monsoon covers...
More »Government to cut its expenditure, launch austerity drive
-IANS Facing a slow-down in the economy, the government has launched an austerity drive to reduce expenditure, banned new posts and meetings in five-star hotels besides restricting foreign travel. The finance ministry, which issued the office memorandum on "Expenditure Management - Economy Measures and Rationalisation of Expenditure" Thursday also asked all ministries to reduce non-Plan expenditure by 10 percent in 2012-13. "There will be a total ban on holding of meetings and conferences...
More »PM sets up monitoring system to fast track projects
-IANS Prime Minister Manmohan Singh Friday approved setting up a monitoring system to fast track implementation of major projects with outlay of over Rs.1,000 crore, a day after the official data showed contraction in manufacturing activities. "In order to address the issue of major investment projects being delayed for a variety of reasons, the Prime Minister has approved setting up of an Investment Tracking System to ensure speedy implementation of such projects,"...
More »Cancer to be one of the deadliest diseases of the coming decades: Lancet-Divya Rajagopal
-The Economic Times It is not malaria or TB that will be the cause of large number of deaths in the world, Cancer is on its way to become one the deadliest diseases in the coming decades, according to a research paper published in medical journal Lancet. The study lead by Dr Freddy Bay of International Agency for Research on Cancer, France,predicts that the number of cancer patients in the world is...
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