Hopes of an early respite from mounting price pressures have been belied by inflation numbers released on Wednesday. The wholesale price index for June 2010 is up 10.55% against a rise of 10.16% in May. Worse, the number for April has been revised up from 9.59% to a 19-month high of 11.23%. If the same order of revision continues , the June number could well cross 12%, a dangerously high...

The proposed food security law is expected to kick in by next April for a year in one-fourth — or 200 — of the country’s poorest districts or blocks, depending on whichever is administratively tenable. The proposal — agreed upon by the National Advisory Council (NAC) — is tactically aimed at pleasing food and agriculture minister Sharad Pawar as well as others in the government, Planning Commission and the advisory panel...

Indian Ocean sea levels are rising unevenly and threatening the residents in some densely populated coastal areas of India and Bangladesh, besides the island nations of Maldives and Sri Lanka, a new study has said. Sea-level rise is particularly high along the coastlines of the Bay of Bengal and the Arabian Sea, as well as the islands of Sri Lanka, Sumatra and Java, says the study carried out jointly by the...

India expects a strong rebound in farm output, which will substantially reduce food price inflation that has soared since last year when the country’s worst drought in 37 years hit crops, the agriculture minister said. This year’s June-September monsoon was 16% below normal last month, but rainfall has revived significantly, calming fears of shortages and higher prices. India also needs to ease tight controls on the sugar sector, agriculture minister Sharad Pawar...

Earlier this week, India's opposition parties came together in a rare show of unity to take to the streets in cities across the country. They protested against the government's recent decision to raise fuel prices after it scrapped its subsidy of petrol prices in an effort to cut the budget deficit. Supporters of the right-wing Bharatiya Janata Party joined hands with their ideological rivals among the Communists to paralyse normal life in...