-Press Information Bureau The official Wholesale Price Index for ‘All Commodities' (Base: 2004-05 = 100) for the month of September, 2013 rose by 1.2 percent to 179.7 (provisional) from 177.5 (provisional) for the previous month. INFLATION The annual rate of inflation, based on monthly WPI, stood at 6.46% (provisional) for the month of September, 2013 (over September, 2012) as compared to 6.10% (provisional) for the previous month and 8.07% during the corresponding month...
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Making Sense of Persistently High Inflation in India-Sthanu R Nair
-Economic and Political Weekly The rising prices of two product groups - primary articles and fuel - have been responsible for the build-up in headline inflation between December 2009 and August 2013. The most worrisome aspect is the high inflation in a majority of Food articles in the last six years or so despite a favourable domestic food supply situation and low global food prices. Based on the analysis of the...
More »Onions drive inflation to six-month high at 6% in August-Somesh Jha
-The Business Standard Central bank chief Raghuram Rajan likely to retain stance later this week, say economists Inflation in onions skyrocketed to 244.62% in August against already high 119.4% in the previous month, jacking up the the rate of wholesale price rise to a six-month high of 6.10% from 5.8% in July, official data showed today. Ironically, onion prices can't be brought down by interest rate policy, but it is all set to...
More »Kerosene lamp which cooks food without polluting
-PTI KOLKATA: A lamp which produces high quality light and doubles up as a device to cook food without causing pollution has been invented by a team of engineers in Maharashtra. Suitable particularly for rural households which lack clean cooking fuel and electricity, the device, aptly named Lanstove (lantern combined with cook stove), has been developed by researchers from Nimbkar Agricultural Research Institute (NARI) in Maharashtra's Phaltan. IIT graduate Anil Rajvanshi, who led...
More »Karnataka farmer develops non-Bt cotton seed bank -Jayashree Nandi
-The Times of India NEW DELHI: For 52-year-old Nagappa Nimbegundi, a farmer from Makari village in North Karnataka, this Independence Day was special. After three years of relentless efforts, he has managed to revive 13 varieties of indigenous cotton and 11 other varieties of non-Bt cotton in his farm. The seed bank that he is developing is of significance as 90% of cotton production in India has been taken over by Bt...
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