-Reuters ROME: Food prices are set to remain high and volatility in food markets could increase in coming months, a senior economist at the U.N.'s Food and Agriculture Organisation told Reuters on Thursday. "Prices are sustained. It is highly unlikely we will see a normalisation of prices anytime soon," said Abdolreza Abbassian, senior economist at FAO. "Volatility is not going to go away, if anything it may even intensify further in coming months,"...
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Rural prosperity no mirage; real rural wages have grown 6.8% each year in last 4 years-A Gulati and AK Jena
-The Economic Times Every concerned and right-thinking citizen of this country wants poverty to be reduced as early as possible. Governments and policymakers have given assurances, time and again, that they are making their earnest efforts in that direction. Yet, there is a big debate in the country, ranging from the very definition of poverty to the number of people below the poverty line. Some academic stalwarts have devoted almost their whole...
More »Cabinet meets today; may cut sugar subsidy, hike dearness allowance for Government employees -Amit Chaturvedi
-NDTV The Union Cabinet is expected to meet this evening to consider a 7 per cent hike in the Dearness Allowance (DA) of Central government employees. Once approved, it will benefit over 52 lakh government employees. The Cabinet will also take a decision on computerisation of the Public Distribution System (PDS). A Food Ministry proposal seeks to digitise ration cards and fully computerise the PDS network especially at the back-end. Also, a bailout package...
More »Aug CPI combined inflation at 10.03% vs 9.86% m-o-m
-Reuters Food prices for consumers accelerated to 12.03% in August from 11.53% in July India's annual Consumer Price Inflation (CPI) picked up in August to 10.03%, driven by a rise in food prices, government data showed on Tuesday. India's retail inflation is the highest among the Brics group of emerging economies - Brazil, Russia, China, and South Africa - and is way above what the Reserve Bank of India (RBI) calls its comfort...
More »Rise in Argentina’s maize exports to ease pressure in international food markets–UN
-The United Nations Argentina’s announcement that it would export an additional 2.75 million tonnes of maize this year will help ease tight international markets, the United Nations food agency said today, adding that while this is a welcome measure, countries must remain vigilante to avoid a global food crisis. According to the UN Food and Agriculture Organization (FAO), the announcement was made by Argentina’s Minister of Agriculture, Norberto Yauhar, who had just...
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