-Hindustan Times The alleged lynching of a truck driver who was ferrying pulses by a mob recently in UP is a sad commentary about India’s inadequate price management systems. Wholesale prices, which plunged for the 11th straight month in September, could be masking a worrisome rise in food prices, leaving consumers to wonder why — even with declining inflation — their household budgets are spinning out of control. After onion, the prices...

-Livemint.com As long as farmers with access to irrigated land aren’t interested in growing pulses, supply and price shocks will keep haunting consumers and governments New Delhi: The centre’s efforts to contain prices of pulses during the festive season is showing few results on the ground. On Monday, retail prices of tur dal (arhar or pigeon pea) climbed to Rs.205 per kg in Mysore in Karnataka and Rs.210 per kg in Puducherry,...

-Livemint.com Drought declaration can provide farmers relief through compensation for crop damage and restructuring of loans New Delhi: Even though the monsoon ended with a 14% rainfall deficit, with nearly half the country’s districts facing a shortage of over 20%, states are delaying declaring a drought that could provide immediate relief to farmers by compensating for crop damage and restructuring farm loans. The June-September monsoon, which irrigates over half the country’s farm...

-Livemint.com/PTI According to a World Bank report, the number of people living in extreme poverty around the world is likely to fall to under 10% of the global population in 2015 Washington: India accounted for the largest number of poor people in any country in 2012, but its poverty rate was lowest among countries having large number of poor population, a latest World Bank report has said. According to the report,...

-The Hindustan Times The skyrocketing prices of onions, a key ingredient used in making dishes ranging from curries to biryanis, reflects India’s inability to insulate staples from weather-induced supply disturbances. On Thursday onions traded at Rs 4,900 a quintal (or Rs 49 a kg) at Lasalgaon in Maharashtra, India’s largest wholesale market for the crop. Inadequate supplies have pushed up prices sharply over the last few weeks. Already, retail onion prices have...