This week’s good news on food price inflation was evened out by the bad news on fuel prices hike. But, both were along expected lines. Thanks to the so-called “base effect” — the fact that last year this time food prices were rising sharply and since last year’s prices become the denominator in this year’s price ratio, the rate of inflation would be expected to moderate — and to an...

Indian Centre for Islamic Finance delegation makes presentation at Yojana Bhavan The Indian Centre for Islamic Finance (ICIF) has made out a strong case before Prime Minister's Economic Advisory Council member V. S. Vyas for introducing interest-free banking in the country at the earliest to ensure “inclusive growth with innovation” in accordance with the recommendations of the Planning Commission's Raghuram Rajan Committee. An ICIF delegation from New Delhi, led by its general...

Volume of silk production may be on the decline in traditional silk cultivating areas in Southern Karnataka districts, thanks to rapid urbanisation and industrialisation. But Central Silk Board's efforts to popularise sericulture in northern Karnataka districts is paying off, board chairperson H. Hanumantappa has said.Speaking to presspersons after inaugurating the “Silk Mark Expo” here on Wednesday, Mr. Hanumantappa said that farmers in Belgaum, Bidar, Bijapur, Bagalkot, Gulbarga, Gadag and Haveri...

A working group on agriculture constituted by Prime Minister Manmohan Singh has suggested that the government provide farm loans to farmers at four per cent interest rate, raise the minimum support price (MSP) for farm produce to 50 per cent higher than the actual cost of cultivation and expand diesel subsidy scheme across the country.The Working Group on Agriculture Production headed by Haryana Chief Minister Bhupinder Singh Hooda submitted its...

Tamil Nadu: The north-east monsoon, 50 per cent in excess in the State, claims over 200 lives and destroys crops and infrastructure.A SERIES of weather systems, including a cyclone that missed Chennai narrowly, saw the skies open up over Tamil Nadu between November 4 and December 5, the period when the north-east monsoon is most active. Most of the 561 mm of rainfall that the State received between October 1...