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Food inflation in double digits after six weeks

-The Business Standard   After lingering tantalisingly close to 10 per cent for about a month-and-a-half, food inflation climbed to double digits for the week ended October 8, signalling that Reserve Bank of India (RBI) may continue with its tight monetary stance in its policy review later this month despite the economy showing signs of a slowdown in growth. As protein-based items turned dearer, wholesale price-based annual food inflation rose by a whopping...

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Seasonal variations in food prices dropped: RBI study

-The Economic Times   If food inflation seems to be pinching more, it is because vegetable prices barely decline in winters, milk rises through the year and egg prices remain high in summers - all because of rising demand.  Over the years, the seasonal variation in prices has dropped and consumers do not have the option of shifting to cheaper produce to keep daily costs down, says a recent Reserve Bank of India...

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India needs to curb food wastage to tackle inflation: World Bank

-The Hindu Business Line   Input subsidy expenses not contributing to boost productivity The World Bank has said that South Asia's foodgrain stock management, especially in India, needs to improve to tackle inflation. In its focus on food inflation in South Asia, the bank said that high stocks have led to high wastage due to inadequate storage capacity and technology. According to World Bank's estimates, the Food Corporation of India lost 10-16 million tonnes...

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Bird flu in two West Bengal villages by Raktima Bose

The West Bengal government confirmed cases of avian flu in two villages under the Tehatta 1 block of the State's Nadia district on Tuesday and ordered the culling of all poultry birds within a radius of 3 km of the villages. The government has also ordered the immediate destruction of eggs and feed material within the affected radius to control the spread of the disease. According to a senior official of the...

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Disquiet brews over Gopalgarh brutality by Sunny Sebastian

The brutality and the intensity of the attack mounted on a gathering of worshippers at the Jama Masjid in Gopalgarh by the members of a community on the fateful Wednesday past week was such that the residents of some 40 odd Meo villages dotting Kaman tehsil in Bharatpur are yet to recover from their horror. The Meos, who inhabit the hilly Mewat terrain in Rajasthan and Haryana, are themselves known to...

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