A UN expert body on Thursday said surge in food prices in India is a matter of concern, but retail price inflation will cool down to 7.5% this year from around 12% last year. The UN Economic Social Commission for Asia and Pacific (Escap) also projected the economy to grow by 8.3% in 2010-11, compared to estimated 7.2% last fiscal, fueled by the recovery in investment and private consumption. “In India, consumer...

Visitors making their way along the muddy track leading to the Gossainbarie tea estate in India's north-eastern Assam state will be greeted by huge mounds of cow dung, rotting water hyacinth, as well as and fish and meat waste. But this is no cause for alarm - the tea-estate has gone organic and is following the principles of India's ancient plant medicine Vriksh Ayurveda. "This is our fertiliser because we don't...

Highlighting the fact that the tobacco industry often pays the lowest possible wages, keeping its workers in a cycle of poverty, debt and ill-health, a recent research study titled “At the crossroads of life and livelihood: The economics, poverty and working conditions of people employed in the tobacco industry in India” presents key evidence linking tobacco production and manufacturing with crucial issues of growing poverty and impeded development. The study recommends...

Planning Commission Member, Professor Abhijit Sen, has observed that bad management of food grains and a high economic growth rate, particularly in the non-agricultural sectors, had led to spiralling prices of food grains. Prof. Sen was delivering the Prof. L S. Venkataramanan Memorial Lecture on ‘Inclusive Growth', at the Institute for Social and Economic Change, here on Thursday. Prof. Sen said the economic growth rate of 9 per cent led to increased...

India’s food inflation slowed as finance minister Pranab Mukherjee said agriculture prices may cool further on prospects of sufficient rains this year. An index measuring wholesale prices of agriculture products including lentils, rice and vegetables compiled by the commerce ministry rose 16.61% in the week ended 17 April from a year earlier. It gained 17.65% the previous week, according to a statement in New Delhi on Thursday. Mukherjee on Wednesday vowed to...