-The United Nations After three months of stability, the United Nations Food and Agricultural Organization's (FAO) Food Price Index declined in December, meaning the index fell over the course of 2014 for the third consecutive year. The 1.7 per cent fall in December, which comes after the index had appeared to bottom out last month, was credited to continued large supplies and record stocks, combined with a strong US dollar and falling...
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India's healthcare crisis -Rahul Jacob
-Business Standard The wide disparity between the best healthcare & quackery that much of the population must endure is partly to blame for India's apathy Whether Indians in ancient times discovered algebra and the Pythagoras theorem before "selflessly" passing them on to the Arabs and the Greeks as Science and Technology Minister Harsh Vardhan said last week is for agile historians to ponder. Widely accepted is that Indians in ancient times studied...
More »Centre weighs in with record urea supply to curb black-marketing -Pratim Ranjan Bose
-The Hindu Business Line But manufacturers want subsidy regime to end in order to improve production Kolkata: To curb black-marketing in urea, the Centre in December released a "record" 3.7 million tonnes (mt) into the market, by stepping up imports. The usual monthly requirement of the fertiliser, whose supply is regulated, is 2.5-3 mt. The demand for urea peaks towards end December and early January. India produces approximately 22 mt of urea against the...
More »Rabi acreage around 5% less than last year as sowing nears end -Sanjeeb Mukherjee
-Business Standard Total area might remain 1-1.5 million hectares less than 2013, impacting production and prices As sowing of rabi crops enters its last leg, the overall area covered, as of Friday, was five per cent less than last year at 53.02 million hectares. This means the total this year might be 1-1.5 million hectares less than in 2013. This could have a negative impact on overall gross domestic product growth in...
More »Centre raises import duty on crude, refined edible oils -Sanjeeb Mukherjee
-Business Standard Increases duty on crude edible oils to 7.5% and on refined edible oils to 15% To protect the interests of farmers and provide a level-playing field to domestic oilseed processors, the government has raised the import duty on crude edible oil from 2.5 per cent to 7.5 per cent and that on refined edible oils from 10 per cent to 15 per cent. "Yes, the government had raised the import duties...
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