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Food inflation fanned by change in dietary habits: D Subbarao, Governor, RBI

-The Economic Times   Governor of the Reserve Bank of India, D Subbarao said on Tuesday that India's food inflation was fanned by change in dietary habits. Commenting on high inflation, Subbarao said that underlying drivers of inflation have changed.  "India needs to address challenge of food inflation. Food inflation has substantially come down but over the last 3.5 years since 2008-2009, average food inflation has shot up higher than the past 6...

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‘Rural wages scheme, Food Security Bill can stoke inflation’

-The Indian Express   Reserve Bank of India Governor D Subbarao on Tuesday cautioned that policies — the significant increase in rural wages triggered by the MGNREGS and inflationary implications of the proposed Food Security Bill — aimed at inclusive growth can stoke inflationary pressures at any rate in the short-term. “The need for making growth inclusive is incontestable, but it is important to recognise that policies aimed at inclusion can stoke inflationary...

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Putting Growth In Its Place by Jean Dreze and Amartya Sen

It has to be but a means to development, not an end in itself Is India doing marvellously well, or is it failing terribly? Depending on whom you speak to, you could pick up either of those answers with some frequency. One story, very popular among a minority but a large enough group—of Indians who are doing very well (and among the media that cater largely to them)—runs something like...

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EU grants protected status for Darjeeling tea

-IANS   The European Union (EU) has registered India's Darjeeling tea as a Protected Geographical Indication (PGI), that seek to protect product names from misuse and imitation. It is the seventh non-EU product receiving the protected status, following one from Colombia and five from China, the EuAsiaNews reported. Darjeeling tea has been added to over 1,000 names of agricultural products and foodstuffs protected as PGI in the EU, the European Commission, the EU's executive...

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How Economic Inequality Is (Literally) Making Us Sick by Maia Szalavitz

Imagine there was one changeable factor that affected virtually every measure of a country's health— including life expectancy, crime rates, addiction, obesity, infant mortality, stroke, academic achievement, happiness and even overall prosperity. Indeed, this factor actually exists. It's called economic inequality. A growing body of research suggests that such inequality — more so than income or absolute wealth alone — has a profound influence on a population's health, in every socioeconomic...

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