Food prices have shot up by more than 20 per cent in the course of the past 12 months. A vast proportion of the nation is being battered by the price rise — the fixed income group, the working classes, landless peasantry and small farmers who have to buy at least a part of the grains they consume from the market. There is, however, no upheaval among the suffering people....
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UN opens Biodiversity Year with plea to save world's life-supporting ecosystems
In a bid to curb the unprecedented loss of the world's species due to human activity – at a rate some experts put at 1,000 times the natural progression – the United Nations is marking 2010 as the International Year of Biodiversity, with a slew of events highlighting the vital role the phenomenon plays in maintaining the life support system on Planet Earth. “Humans are part of nature's rich diversity...
More »National Consumer Policy coming for uniform standards by Gargi Parsai
Educating disadvantaged and vulnerable groups is key In the face of imports posing a competition to domestic manufacturing, the government has decided to come up with a National Consumer Policy to ensure uniform national and international standards in the various arms of the Central and State governments, the regulatory bodies and on consumer fora, and to lay down the guiding principles of complaint resolution. The Bureau of Indian Standards (BIS)will...
More »Cost-push element behind rise in food prices, says Pranab
“States should ensure effective public distribution system” Fiscal deficit at 6.8 per cent of GDP a challenge Dip in exports due to low demand following economic downturn in foreign markets Union Finance Minister Pranab Mukherjee on Thursday said increasing food grains productivity, ensuring effective distribution of subsidised essentials to vulnerable groups and allowing duty-free import were some of the steps taken to control the spiralling prices of essential commodities. Speaking at the 109th...
More »Worrying trend
There has been no let-up in the rising trend of food prices. For the week that ended on November 28, the wholesale price index for food articles rose 19.05 per cent over the corresponding period last year. A week earlier, it was at 17.47 per cent. Indeed, arresting the price rise of essential commodities has been a challenge to the government for quite some time now. Some recent developments have...
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