-The Business Standard   Economists question veracity of the data; say too early for RBI to cut rates. Food inflation for the week ended December 10 fell to a four-year low of 1.81 per cent, after declining to 4.35 per cent last week. The decline is much sharper than what Chief Economic Advisor Kaushik Basu expected — he had predicted less than three per cent food inflation by early January. What’s more, many...

-The Business Standard   Faced with a supply glut, Potato farmers in Gujarat headed to streets and dumped thousands of kilos of Potato in Deesa, a major Potato market in the state on Tuesday. Farmers demanded an intervention from the state government with a financial assistance to the farmers, who are facing a steep fall in the Potato prices at Rs 1 per kg in recent weeks. "We had approached the government about...

-PTI   Research work related to genetic modification (GM) in the agriculture sector is being conducted on 72 crops/plant species, Parliament was informed. "According to information available with ICAR ( Indian Council of Agricultural Research), research related to genetic modification is currently being carried out in 72 crops/plant species," Minister of State for Agriculture Harish Rawat said in a written reply to Lok Sabha. GM research is being carried in cotton, soyabean, rice, maize,...

The central government claims that allowing foreign direct investment into India’s retail sector will benefit small farmers, expand employment and lower food inflation. What has been the experience in India with organised retail so far and what has been the global experience with FDI? Sukhpal Singh (sukhpal@iegindia.org) is currently at the Institute of Economic Growth, Delhi. After being under relentless attack for a week, the United Progressiv Alliance government was forced to...

Indian traders reject FDI in multi-brand retail and emphasise the need for a policy to regulate the labour-intensive sector. TRADERS across the country responded angrily to the Union Cabinet's decision to allow 51 per cent foreign direct investment (FDI) in multi-brand retail trade, disproving the arguments of the United Progressive Alliance (UPA) government and the assessment of corporate India, which had tried hard to make it appear that traders and...