-Reuters Red-hot food inflation that has vexed policy makers around the world seemed to take a breather last month, when corn and wheat prices tumbled on reports that crop shortages were easing. The sell-off was also driven by global economic worries that prompted funds to exit grains in droves. But prices are climbing again, and have already made up half of June's losses. The sell-off masked an unnerving reality: The world remains...
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Corrupt Bundelkhand officials feed off aid for dead farmers by Neha Dixit
In Uttar Pradesh's most impoverished region, Bundelkhand, government officials feed off not just the living but also the dead. Headlines Today has exposed how corrupt officials exploit the grieving families of farmers, who have committed suicide. In a visit to Bundelkhand in 2008, AICC general secretary Rahul Gandhi repeated a phrase borrowed from his father Rajiv Gandhi: "Out of 100 paise, only 15 paise reaches the poor". While travelling through this dustbowl...
More »The plunder economy by Ashok Mitra
One lives to learn — or unlearn. The working head of what passes for this country’s Planning Commission is unambiguous about it. One important measure to fight inflation, he believes, is to raise prices. That is to say, to stop prices from rising, you must first raise prices. The gentleman has heartily endorsed the recent serial increases in the prices of petroleum products since such increases will, in his view,...
More »Kids still await benefits of RTE Act by Binay Singh
It's been a year and three months since the right to education became an act (RTE Act), promising free and compulsory education to every child in the age group of 6-14 years. However, the act is yet to be implemented in Uttar Pradesh. The norms of the Right to Education Act say that the appropriate government and the local authority shall establish a school where it is not so established...
More »High newsprint prices likely to hit Indian print media margins
-The Business Standard Increasing newsprint prices are likely to have a negative impact on profitability of the Indian print media industry in the short to medium term, according to a Fitch report. The report expects that an increase in advertising revenues may partly offset the rising cost of newsprint. Newspaper publishers generate about 70 percent of revenues from advertising, with the remainder coming predominantly from circulations. However, the agency's expectation of...
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