-The Business Standard A quick recap of the intensely fractured debate on GM crops and what the pro & anti arguments are. After nearly a decade of opposition, Environment Minister Veerappa Moily is finally expected to rule in favour of the contentious GM or genetically modified food crops in India. The Economic Times reports that this will "pave the way for the government to submit an affidavit in the Supreme Court agreeing...
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1200 tons of apples and Potatoes rot in Uttarkhand -Seema Sharma
-The Times of India DEHRADUN: Around 1200 tons of apples and Potatoes have rotted in areas affected by the June flash floods in Uttarkhand as the Garhwal Mandal Vikas Nigam (GMVN) could not move them to the markets due to poor connectivity of roads. Many roads are still not in a passable state in the region. The GMVN has suffered huge losses. GMVN's general manager of marketing Pratap Shah said, "GMVN had no...
More »Cereal offenders -Ila Patnaik
-The Indian Express Food inflation owes largely to agricultural markets being regulated by outdated laws. The RBI governor, Raghuram Rajan, has a difficult task this week. He has to decide whether to keep interest rates constant or raise them - bearing in mind the possible taper of the US Fed's bond buying programme, a decline in industrial production and a rise in inflation. The sharp increase in consumer price-based inflation, to more...
More »Inflation at 14-Month High, Food Prices Rise by 20%
-Outlook Costly vegetables, particularly Potato and onion, pushed the November wholesale inflation to a 14-month high of 7.52 per cent, making it difficult for the Reserve Bank to ease key policy rate. Vegetable prices shot up by 95.25 per cent in November as compared to 78.38 per cent in the previous month, said the Wholesale Price Index (WPI) inflation data released today. The overall inflation in the food segment comprising wheat, pulses, vegetables,...
More »WPI inflation surges to 14-month high of 7.52% -Somesh Jha
-The Business Standard Food prices rise 19.93% year-on-year in November The wholesale price inflation continued to show an uptick in November as it casts a shadow over possibility of a rate cut by the Reserve Bank of India in its upcoming monetary policy review. The Wholesale Price Index (WPI), a measure of inflation at wholesaler's level, rose to 7.52% in November from 7% a month ago mainly due to continued rise in vegetable...
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