India’s food inflation slowed to a 13-month low as the country received more rainfall than forecast by the weather office, aiding sowing of lentils and rice.
The Reserve Bank of India (RBI) has taken adequate measures to manage inflation and expects food inflation to ease on good monsoon, a deputy governor at RBI said on Friday.
In his inaugural address at extended Central Committee meet here, Karat said: “The Manmohan Singh government has remained indifferent towards Left’s demand for food security for the poor.”
India can play a significant role in global organic food trade, Agriculture Minister Sharad Pawar said here Wednesday.
Fuel inflation accelerated sharply, negating a moderation in food prices and keeping pressure on the RBI to raise rates further when it reviews the monetary policy on July 27.
On a day all the Opposition parties called a nationwide strike against fuel price rise, the government today said food inflation, which was on a decline, would be in an “acceptable” range of 5-6 per cent in due course.
Finance Minister Pranab Mukherjee said on Monday in Patna that the galloping of food prices might continue till the middle of next month, but would be under control after the onset of a good monsoon, say reports.
India signed a memorandum of understanding or MoU with Canada on Monday, for co-operation in processing food, also involving the exchange of students and faculty, say reports.
Happy Meals at Gwalior, Zinger Burgers at Vizag, baby corn pizzas at Haridwar and Broccoli pasta in Kota. Multinational restaurant chains are lovin’ it as small-town India gorges on fast food.
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