Global food import costs to surge 12% to record this year: FAO

Global food import costs are expected to rise 12 percent in 2021 to a record due to surging commodity prices and robust demand during the COVID-19 crisis, the United Nations food agency said. The world’s food import bill, including shipping costs, is projected to reach USD 1.715 trillion this year, from USD 1.530…

Covid-19: India may see 10% unemployment rate in May as local lockdowns hit jobs

The unemployment rate in India is likely to cross 10 per cent in May due to stricter restrictions across states amid the ongoing second Covid-19 wave. Employment in urban areas has taken a harder knock this month. With the second wave of the Covid-19 pandemic far from over in India, states are likely to go slow on the…