-PTI MUMBAI: Japanese brokerage Nomura today said with real rural wages moderating, both rural demand and inflationary pressures will moderate in the medium-term, giving the much-needed room to the Reserve Bank to lower interest rates. "Though rural wages continue to rise, the pace of growth is moderating. Growth in the average daily wage rate for agricultural labourers dipped to 13.1 per cent in August year- on-year, which is significantly slower than 18.5...

-The Hindu The International Agency for Research on Cancer, a specialised arm of the World Health Organisation, has sounded an alert for policymakers with its conclusion that there is sufficient evidence now on outdoor air pollution as a cause of lung cancer. A separate evaluation of particulate matter in the air has led to its classification also as a ‘Group 1' pollutant, indicating firm evidence of cancer-causing properties. Given that rapidly...

-The Times of India India must discuss phasing down hydrofluorocarbons which endanger the planet. In September, Prime Minister Manmohan Singh and President Barack Obama agreed to discuss how hydrofluorocarbons (HFCs), which are hundreds to thousands of times more potent global warming compounds than carbon dioxide, could be phased down. They agreed, bilaterally and at the G20 summit, to use the expertise and institutions of the Montreal Protocol and report emissions under...

-Reuters The finance minister is finding it harder and harder to meet the government's budget promises and may sweep as much as $15 billion in subsidy costs into next year's accounts to ensure he hits fiscal targets ahead of the Lok Sabha, ministry officials say. Finance minister, P Chidambaram, insists that the fiscal deficit target of 4.8% of GDP for the year to March 31, 2014, is a red line that will...

-The Business Standard Changing aspirations and strong rural demand could explain why core inflation may not decline fast enough Recently, the Reserve Bank of India governor exuded confidence that the Indian economy will do fairly better in the current fiscal. While it is difficult to envisage a significant turnaround, we believe interpreting the recent inflation uptick may be the key to such optimism. We also think that inflation (both wholesale and retail)...