The rise in food prices, with inflation at 9.06% in May, is more teary a problem than onions suggest. Macroeconomics managers, who safely steered the economy through the downturn, are perhaps grappling with the biggest economic crisis- persistently high food prices. Rising food inflation driven by costlier fruits and protein-based items such as milk, egg, meat and fish is putting policy makers in a spot of bother. Prices are not under...

-The United Nations   An estimated 10 million people across the Horn of Africa are facing a severe food crisis following a prolonged drought in the region, with child malnutrition rates in some areas twice the emergency threshold amid high food prices that have left families desperate, the United Nations reported today. In some areas of Djibouti, Ethiopia, Kenya, Somalia, Ethiopia and Uganda, drought conditions are the worst in 60 years, the...

-Express News Service   Having resisted the export of foodgrain since taking charge in January, Food Minister K V Thomas on Wednesday said that he was not opposed to export of “some quantity of wheat and rice” as there is bumper production in the country. Thomas’s statement holds significance as he has been publicly speaking against foodgrain export, citing the proposed food security law. “Our department is not negative to the idea of...

-The Telegraph   India is trying to build a consensus on liberalising foreign direct investment (FDI) in retail and defence, finance minister Pranab Mukherjee today told a gathering of business leaders and policy makers in Washington. “Discussions are under way to build a consensus on further liberalisation of the FDI policy in retail and defence,” Mukherjee said. Differences exist within the Indian government on the appropriate policies for foreign direct investments in the...

  Can we agree in this country on a floor of human dignity below which we will not allow any human being to fall? No child, woman or man in this land will sleep hungry. No person shall be forced to sleep under the open sky. No parent shall send their child out to work instead of to school. And no one shall die because they cannot afford the cost of...