India's annual food inflation based on wholesale prices rose to 17.4% for the week ended January 16 from 16.81% the week before, according to official statistics released on Thursday. Essential items continued to rule firm, with potatoes dearer by 57.56% over the past 52 weeks, pulses up 46.87%, and vegetables costlier by 10.5%. But prices of onions declined 1.69%. The limited data on the wholesale index released by the commerce...

At a time when other countries are cutting down ethanol admixing with vehicular fuel due to tightening supplies of alcohol, India, oddly enough, is doing the reverse. The Union government has forced the states to raise ethanol doping of petrol from 5 per cent to 10 per cent immediately and has set the target of hiking it further to 20 per cent by 2017, least realising that the sugar industry,...

In an attempt to control the rising prices of rice and wheat, the State Government has decided to sell them at Rs. 17 and Rs. 14.70 a kg, respectively, through its cooperative societies. Minister for Food and Civil Supplies H. Halappa told presspersons here on Wednesday that each family coming under above or below poverty line categories was eligible to purchase 25 kg of these commodities at a time. Identity cards...

To the price-hit common man, food inflation easing from nearly 20 per cent to a little above 16 per cent is a statistical mirage. And the president's call for a "second Green Revolution" will seem talk in the air. Politicians, nonetheless, are battling each other instead of high prices. Agriculture minister Sharad Pawar has faced opposition snipers and the Congress's friendly fire. Tackling prices, he retorts, is the government's collective...

In an attempt to crackdown on speculators and hoarders within the country, suspected to be in league with international operators in driving up the prices of pulses and other food items, the Enforcement Directorate (ED) has taken up the investigation of the Rs 250-crore pulses scam with the agency questioning Naresh Jain, an alleged associate of international don Dawood Ibrahim. Jain was last month arrested by the Narcotics Control Bureau...