This staggering loss has affected India's agri business Sustainable supply chains needed to link farmer to marketing centres The decline in the farm sector will hit the food and grocery retail sector too. It is estimated that the growth rate in the food and grocery retail sector will dip to 8.8 per cent during 2009-10 from 9.5 per cent during 2008-09. The food and grocery retail sector is worth Rs. 10.24 lakh crore....

Food inflation rose marginally to 17.87% for the week ended February 20 on the back of higher prices of milk, wheat, rice and vegetables. The figure in the previous week was at 17.58%. On an annual basis, price of rice increased 10%, wheat 14%, pulses 35%, onions 11% and potatoes 28%. Inflation in fuel, power light and lubricant group was 9.59%, slightly lower than 9.89% in the previous week. However,...

Much of the daylight robbery in the name of Commonwealth Games has been justified in the name of "National Prestige" and "World class aspirations. Whether all these surreptitious measures will eventually deliver the games is an open question? The Commonwealth is a 'friendly' association of those 72 colonies which were once part of the British Empire and rose to free nationhood - some through protracted struggle and others through negotiation. In...

Bhubaneswar: Poor Budgetary expenditure has been a cause of headache for the state government with less than a month left for the end of this fiscal. An official review revealed that the government departments had been able to spend only 56 per cent of Budgetary allocations on an average by January-end. Interestingly, the steel and mines department tops the laggard departments showing the lowest expenditure of 5 per cent, followed by co-operation...

The Supreme Court has ruled that fast-track courts, set up to ease the load of pending cases in subordinate courts, will continue to function in all states till further orders. Most of these courts were created under a centrally funded scheme on April 1, 2001, and were expected to lapse within five years. But they have since been given repeated extensions, the last one valid till March 31, 2010. “The scheme will...