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Global food prices rebound for first time in six months–UN

-The United Nations Global food prices rose overall last month for the first time in six months, demonstrating the volatility of international food markets, the United Nations Food and Agriculture Organization (FAO) reported today. The FAO Food Price Index rose by four points or nearly two per cent to a measure of 214 points in January, with the price of oils increasing the most, followed by cereals, sugar, dairy products and meat. This...

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Government projects record food output by Ruchira Singh

India is likely to see record foodgrain production in the current year on good rains, the second advance estimate of the agriculture ministry showed on Friday. Output of total foodgrains comprising rice, wheat, coarse cereals and pulses was seen at 250.42 million tonnes (mt) in the July-June crop year of 2011-12, up 2.3% from the year-ago 244.78 mt, the data showed. This is significant as the optimistic projection comes just ahead of...

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Govt discontinues weekly WPI release

-The Financial Express   The government today announced discontinuing releasing weekly primary and food inflation data based on the Wholesale Price Index. "Weekly WPI is discontinued henceforth," the Ministry of Commerce and Industry, which releases the inflation data, said. The government, however, will continue releasing the monthly headline or overall inflation data, which also contains the break-up for all segments including food, non-food, fuel and manufactured items. The headline inflation figures for January are scheduled...

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How to usher in vaccinnovation in India by MK Bhan

-The Economic Times   Vaccines are a true gift of science to humanity. In developing countries, prevention is better than cure. Vaccines have a great track record of safety and efficacy and they are amongst the most cost-effective products, which even the poor have access to due to effective systems of procurement and delivery. India's contribution in the vaccine arena is noteworthy. The primary reason behind the country's vaccine success story is...

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Supreme Court order triggers NREGS wage debate by Moyna

How much should workers under rural employment scheme be paid if minimum wage fixed by a state is more than that of the Centre? The Supreme Court has reiterated the Karnataka High Court order, directing the Centre to pay the minimum daily wage rate applicable in Karnataka to labourers employed in the state under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS). The Centre had fixed the wage rate for...

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