Surging food inflation, decline in agriculture growth rate and the impending food security bill are expected to be at the centre of the coming Union budget. With a bumper wheat harvest expected this rabi, there are projections of a turnaround in the farm sector from the present growth rate of 0.2 per cent. Food prices, which grew at an unprecedented rate of nearly 20 per cent in January, are expected...

Economic diversification is vital if the world's most poverty-stricken countries, some of them depending on a single or a few raw materials or commodities, are to escape their predicament, a top United Nations trade official said today. “Some countries had been successful in diversifying their economies, in creating jobs, in improving governance,” UN Conference on Trade and Development (UNCTAD) Secretary-General Supachai Panitchpakdi told the opening session of a two-day meeting...

In an unprecedented move, which could lead to simmering down the tension between the highways ministry and the Planning Commission, the principal adviser (infrastructure) in the planning panel Gajendra Haldea has withdrawn an RTI application seeking status of highway projects approved by Public Private Partnership Appraisal Committee (PPPAC). The retired bureaucrat and a member of the PPPAC had filed the application before director (RTI) asking for status of NHAI projects...

Union minister of state for rural development Agatha Sangma on Tuesday said the Centre would shortly bring women reservation Bill in the parliament. A consensus is being emerged for the early passage of the women reservation Bill and shortly it would be brought in the parliament, Sangma told reporters here after attending a meeting of women from rural areas of Jammu and Kashmir, Uttarakhand and Himachal Pradesh. The meeting ‘Himalayan Women: Political,...

The global economic crisis has wiped out developing Asia's recent gains in poverty eradication as the meltdown is expected to have driven 21 million more people in the region into poverty. A joint report by the United Nations and the Asian Development Bank shows that the global economic slowdown has slackened trade, slashed export and tourism receipts and raised unemployment levels. This makes it difficult for the region to achieve its...