Condition of six serious; they wanted government intervention to help stabilise the price of red gram In a bizarre turn of events, 12 agitating farmers in Karnataka attempted suicide in a tahsildar's office on Friday by consuming pesticide and reports said that the condition of six of them was serious. The farmers of Jewargi town, belonging to the Gulbarga District Raita Raitha Horata Samiti, had been on agitation for the past...

The report of the Rangarajan Committee scrutinizing proposals of the National Advisory Council for the National Food Security Bill makes for a very instructive read. It's official now: UPA II is on a death wish, and it could not have been articulated better. The alacrity with which the prime minister set up this committee (remember, he could not find time in three years to convene the nutrition council he chairs)...

Prime Minister Manmohan Singh on Friday asked States to consider waiving mandi taxes, octroi and local taxes for taming inflation, which affected the poor “harder” and posed a serious threat to the country's growth momentum. He said much of the responsibility for checking price rise lay with the States. “Much of what needs to be done... lies in the domain of State governments... There seems to be a strong case for waiving...

India's food prices are likely to ease, bringing down food inflation from stubbornly high levels, over the next two months as supplies of onions and other vegetables are expected to pick up, industry officials said Thursday. The country's food inflation rate surged to more than 18% in December as vegetable prices, particularly those of onions, spiked after unseasonal rain damaged crops. India's food inflation rate has slightly eased since then, but...

The United Nations Conference on Trade and Development (UNCTAD) today cautioned on rampant speculations in the global commodity markets which is fuelling unprecedented price hikes around the world, with worst effects on poor countries such as India. "Financial speculation in global commodities trade is a source for concern as it contributed to steep price hikes," UNCTAD's Secretary General Supachai Panitchpakdi said on the sidelines of a special meeting convened by UNCTAD...