-The Business Standard   After lingering tantalisingly close to 10 per cent for about a month-and-a-half, food inflation climbed to double digits for the week ended October 8, signalling that Reserve Bank of India (RBI) may continue with its tight monetary stance in its policy review later this month despite the economy showing signs of a slowdown in growth. As protein-based items turned dearer, wholesale price-based annual food inflation rose by a whopping...

Prime Minister Manmohan Singh today reached out to India’s civil society and sought to be in sync with the restive public mood worldwide. Singh warmly appreciated “Anna Hazareji’s movement”, condemning the physical attacks on Team Anna members in recent days, sympathised with the sentiments of the Occupy Wall Street protests and praised the role of the judiciary as central to India’s democracy. In a wide-ranging interaction with journalists on his flight home...

-The United Nations   A new report by the United Nations labour agency warns of a youth jobs crisis in both developed and developing countries, with young people aged 15 to 24 finding it increasingly difficult to obtain decent employment and future prospects are dim. As it released its “Global Employment Trends for Youth: 2011 Update,” the International Labour Organization (ILO) notes that the recent global economic crisis led to a “substantial” increase...

Pawar announces mega plans for mechanisation in 12th Plan Faced with farm labour shortage following the introduction of the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), Agriculture Minister Sharad Pawar on Wednesday announced mega plans for mechanisation in the 12th Five-Year Plan. “With the successful implementation of the MGNREGS and other anti-poverty programmes, there is now pressure on the availability of farm labour,” Mr. Pawar told senior journalists at the Economic...

The death recently in Nairobi of Kenyan environmental crusader and 2004 Nobel Peace Prize winner Wangari Maathai brings to mind the work of another development activist and Nobel peace laureate (2006), Muhammad Yunus of Bangladesh. Their fields were different but their goals were the same: empowering poor, ordinary women for social and Economic growth. Perhaps it’s no coincidence that this year’s Nobel Peace Prize has gone to three women who are...