-The Business Standard   Demand-side control cannot be an answer beyond a point to India’s persistently high food price inflation, the World Bank said on Monday. Consumer price-based food inflation in India has been at 10-20 per cent for quite a long while, noted its report on ‘Food inflation in South Asia’. The Bank’s chief economist for the region, Kalpana Kochhar, said controlling inflation in India was a difficult job for the Reserve Bank...

The finance ministry is betting on substantial savings in some of the flagship social schemes and lower Commodity Prices to stay within the year's fiscal deficit target even as the central bank and economists raise the red flag over the Centre's finances. India's fiscal deficit, or the difference between expenditure and receipts that has to be met through borrowings, during the first four months jumped to 55% of the budgeted amount...

Even as this shocking number of malnutrition deaths is reported from Nashik alone, much of Rs 600 crore child welfare budget seems to have been spent on expensive toys et al In commodity purchases that seem to give direct competition to the Organising Committee's orders for the Commonwealth Games (CWG), the State Women and Child Development department spent Rs 13,801 each for a set of four steel utensils consisting of a...

The proposed regulations aim to create a new countrywide infrastructure for trading of commodity-based securities in the form of electronic receipts as with equity shares on exchanges A committee under the Warehousing Development and Regulatory Authority (WDRA) has recommended regulatory changes that can effectively control prices of food items, improve lives of farmers and change the warehousing landscape in India. The proposed regulations, drafted in consultation with the capital market regulator, the...

• Without a clear definition of ‘public purpose’, the land acquisition bill is meaningless • The bill’s definition of ‘fertile land’ can potentially harm the agriculture sector • Government’s role in defining land will create economic and political problems in future As Parliament debates this month it will, hopefully, move beyond issues of corruption in high places to important economic legislation. Two such pieces of legislation are the land acquisition bill and...