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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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To the hungry, god is bread by MS Swaminathan

The National Food Security Bill, 2011, designed to make access to food a legal right, is the last chance to convert Gandhiji's vision of a hunger-free India into reality. What Mahatma Gandhi said of the role of food in a human being's life in a 1946 speech at Noakhali, now in Bangladesh, remains the most powerful expression of the importance of making access to food a basic human right. Gandhiji also...

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How little can a person live on? by Utsa Patnaik

The Planning Commission's laughable estimates of the ‘poverty line' follow from a mistake in method that it made 30 years ago and has clung to ever since. The affidavit that the Planning Commission recently submitted before the Supreme Court stating that a person is to be considered ‘poor' only if his or her monthly spending is below Rs.781 (Rs.26 a day) in the rural areas and Rs.965 (Rs.32 a day) in...

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Pesticides, soil, all count in GM crops’ effectiveness, finds study by Jacob P Koshy

Genetically modified (GM) pest-resistant crops may not be the panacea they are made out to be, a new study shows, with specific reference to Bt cotton. The field trial by scientists in Nagpur shows that the soil the plants are grown in matters almost as much as insect-killing genes and pesticide sprays. The finding could significantly increase the amount of money farmers spend in buying and spraying pesticides. It could also mean...

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