Global food prices rose for the eighth straight month in February, the United Nations Food and Agriculture Organization (FAO) reported today, while also warning that unexpected spikes in oil prices could exacerbate an already precarious situation in food markets. The FAO Food Price Index – a measure of basic food prices at the international level – averaged 236 points in February, up 2.2 per cent from January, the highest record in...

Banning of future trading of essential commodities is recommended by Working Group on Consumer Affairs. Gujarat chief minister Narendra Modi, on Wednesday, submitted the report prepared by the group to Prime Minister Dr Manmohan Singh which also included other suggestions to tackle inflation. Unlike the usual practice of voluminous Reports, the committee submitted to the PM a precise document with 20 recommendations and 64 detailed actionable points. Besides ban on future trading,...

United Nation Development Programme's India Urban Poverty Report, 2009 has pegged the number of slum dwellers in Uttar Pradesh at 44 lakh. The sample survey, which was conducted under the 58th round of the National Sample Survey Organisation, also suggests that UP is next only to Maharashtra and Andhra Pradesh, where 1.2 crore and 52 lakh urban poor are apparently living. The high numbers, however, it appears, are not the only...

Sixty-three persons, including promoters and CEOs of 10 telecom firms have come under its scanner in the 2G spectrum case, the CBI on Tuesday told the Supreme Court which expressed satisfaction over the ongoing probe. The central government, which is also party to the case, informed a bench of justices G S Singhvi and A K Ganguly that it is in favour of setting up a special court to try...

A six-phased Assembly elections in West Bengal, a two stage poll in Assam and a single day poll in Tamil Nadu, Kerala and Puducherry were today announced by the Election Commission, setting in motion the largest such exercise after 2009 Lok Sabha polls. With parts of the state affected by Maoists activities, West Bengal will have elections in six phases on April 18, 23, 27, May 3, 7 and 10,...