Even as concerns are emerging about generalised inflation gripping the economy, with reports of rising wage rates, food price inflation remains the citizen’s core concern. Macroeconomic authorities have been chasing a variety of targets – monetary, fiscal and supply-side constraints – to get a better grip on prices. It is often hoped that higher prices would translate into increased production since farmers would respond positively to price signals. What then...

Food security should be used as an indicator of vulnerability to climate change Staple food varieties better adapted to future climatic conditions must be developed “Potentially catastrophic” impacts on food production from slow-onset climate changes are expected to increasingly hit the developing world in the future, and action is required now to prepare for those impacts, the Food and Agriculture Organisation (FAO) warned on Thursday in a report to the United Nations...

Food inflation fell to a single digit at 9.5 per cent for the week ended March 19 amid easing pulses prices, even as fruits and protein-based items remained costly. Food inflation based on the wholesale price index (WPI) had risen to 10.05 per cent for the preceding week leading up to March 12 after remaining in a single digit for two weeks. During the week ended March 19, prices of...

Union home minister P Chidambaram may consider UP as a block in India's development but the state contributes 30% in the national food basket, whereas it constitutes 16% of the land and 18% of the population. The good news is that the food share this year is all set to increase further with wheat harvest expected to be over 300 lakh metric tonnes. UP is country's top wheat producer and this...

The Power Ministry plans to impose huge penalties of over Rs 1 lakh per day on industries that fail to achieve energy efficiency targets under the three-year Perform, Achieve and Trade (PAT) programme starting April 1. PAT, which aims to increase industrial energy efficiency, is expected to bring down energy consumption by 5 per cent, amounting to an avoided capacity of over 5,600 MW over the three-year period. There would be strict...