-PTI Ghaziabad: The police arrested seven persons from the Siyani gate area in Ghaziabad yesterday for allegedly organising betting on Vegetable prices. According to the police, the seven duped people by issuing a likely rate card of Vegetable prices for the next day. The seven accused - Kuldeep, Pradeep, Krishan Kumar, Anil Kumar, Dinesh, Mahender and Janaradan - all aged between 20 and 30, were arrested late last night and efforts are on...
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Ripple effect of rising fuel prices: Get used to high food prices, RBI can do little to counter them -Avinash Celestine
-The Economic Times Like his predecessor, RBI governor Raghuram Rajan too remains worried about inflation. And despite repeated attempts, the RBI has had mixed success in taming prices. Reserve Bank of India governor Raghuram Rajan has clearly decided to play spoilsport to the markets. By making it clear that he, like his predecessor, remains worried about inflation, he has also effectively signalled that with consumer prices at 9.5%, markets shouldn't expect those...
More »Wasted food for thought
-The Hindu That one-third of the food produced annually for human consumption is wasted is in itself unconscionable in a world where 870 million, or one in eight people, go hungry every day. A United Nations Food and Agriculture Organisation report now says that this high volume of wastage that occurs right through the food supply chain exerts an adverse impact on land, water, biodiversity and climate change. This impact...
More »Food prices rose 157% between 2004 and 2013 -Subodh Varma
-The Times of India NEW DELHI: If you were to ask any random aam aadmi anywhere in India what is the single biggest failing of the UPA, the answer would be - price rise. This is so because the most important items of family spending - food items - have relentlessly risen for the past several years despite repeated promises to bring them down by the economic mandarins and policy wonks...
More »Onion price rise may be due to hoarding: Centre -Dipak Kumar Dash
-The Times of India NEW DELHI: Onion prices have again hit the roof in Mumbai, Delhi and other major cities after stabilizing briefly in August, leading the Centre to suggest that traders and speculators might be "artificially" increasing onion prices and has asked whether a seasonal shortage in supplies is being exploited. "Governments of Delhi and Chandigarh were addressed to look into the possibility of traders and speculators creating an artificial...
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