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Vegetable prices surge 61%, fuel 7.2% inflation in April

-The Economic Times Soaring vegetable prices pushed inflation higher in April, while fuel and manufactured product prices sustained their pressure posing a fresh policy challenge and announcing the return of price pressures in Asia's third-largest economy. Data released by the commerce & industry ministry on Monday showed the annual rate of inflation, based on monthly wholesale price index, stood at 7.23% for April, 2012, compared to 6.89% for the previous month and...

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Hope springs a trap

-The Economist An absence of optimism plays a large role in keeping people trapped in poverty THE idea that an infusion of hope can make a big difference to the lives of wretchedly poor people sounds like something dreamed up by a well-meaning activist or a tub-thumping politician. Yet this was the central thrust of a lecture at Harvard University on May 3rd by Esther Duflo, an economist at the Massachusetts Institute...

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Inflation surges 7.23% in April

-The Indian Express India's wholesale price inflation accelerated 7.23% in April, compared with 6.89% in the previous month, as food and manufactured items turned dearer, heaping pressure on the central bank against any dovish approach to monetary easing despite shrinking economic activity. The government has revised up the inflation figure for February to 7.36% from 6.95% estimated earlier, according to the data released by the industry ministry on Monday. Prices of food articles...

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US takes India to WTO over poultry import bar

-IANS The United States has asked the World Trade Organization (WTO) to rule on its assertion that India's restrictions on imports of US poultry meat and chicken eggs violates its WTO obligations. The US request to WTO to set up a dispute settlement panel was filed Monday after consultations with India on April 16-17, the first necessary step in pursuing a case, failed to resolve the US concerns, US Trade Representative (USTR)...

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Put My View On The Table-Anuradha Raman

Dalits, OBCs in India’s colleges are using beef as a symbol of a resurgent identity     “Non-Brahmins have evidently undergone a revolution. From being beef-eaters to have become non-beef-eaters was indeed a revolution. But if non-Brahmins underwent one revolution, Brahmins had undergone two. They gave up beef-eating, which was one revolution. To have given up meat-eating altogether and become vegetarians was another revolution.”     —B.R. Ambedkar *** The Beef Menu     Available In Kerala,...

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