-The Hindu Everybody has a favourite villain to blame, yet the herd of restive elephants in the room is led by a particularly malevolent matriarch — corruption The floods have abated in Bengaluru. As individuals struggle to clean their houses, the silt on the roads left behind by the receding water — now a fine dust that flies in the air choking us — is a reminder of those difficult times. Various analyses...
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Bengaluru rains: How rampant corruption led to massive encroachment on lakes -Prathima Nandakumar and Abhinav Singh
-TheWeek.in Immediate steps needed to protect city's image One night of relentless rain, and even the richest tech bosses were stranded in knee-deep waters in their plush homes, looking for coracles to reach safety. According to the India Meteorological Department, Bengaluru received 370mm of rainfall this August (131.66mm on August 30), falling just short of the all-time record of 387mm in August 1998. This day was expected. Over the years, rampant corruption in...
More »Amid dollar crunch, Pakistani importers head towards grey market for transaction
-Livemint.com After extreme rain and severe flooding, Pakistan is dealing with acute food shortage. Moreover, dollar crunch has kept Pakistani food importers at mercy of grey market Extreme floods might not be a problem for Pakistanis anymore, but acute food shortage and drying forex reserve have made Pakistani food importers vulnerable to the grey market for payments. Under the grey market, the commodities are traded through markets that are unauthorised by the manufacturers....
More »Why volatile food prices will keep the heat on India’s consumer inflation level this year -Radhika Pandey
-ThePrint.in Lower rainfall in some parts of the country is expected to keep food prices elevated in the coming months. Which means inflation will be above 6%. India’s retail inflation surged to 7 per cent in August from a five-month low of 6.7 per cent in July. Food, which accounts for nearly half of the Consumer Price Index (CPI) basket, grew 7.62 percent as against 6.69 per cent in July. While the...
More »Why India banned export of broken rice & could more curbs be in the offing -Sayantan Bera
-ThePrint.in High exports driven by demand from China led to shortage in country, where broken rice is used to make ethanol & as cattle feed. Lower & delayed planting likely to hit production too. New Delhi: On 8 September, India, the world’s largest exporter of rice, announced export curbs to tame spiralling retail prices. The move was anticipated because lower and delayed planting, in the face of deficit rainfall, are estimated to...
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