THE issue of foodgrain management policy has assumed renewed importance with several reports in the media of large-scale wastage and diversion from the public distribution system (PDS). In a cogently-argued paper recently, Prof Kaushik Basu, a well-known economist and the chief economic adviser in the ministry of finance, has argued for foodgrain to be released in lots of much smaller size into the market, than is presently done by the...

But retail prices topped an eye-watering Rs. 85 a kg in Bangalore yesterday Speculative fever gripped the onion trade on Tuesday in Bangalore following a sharp decline in prices as a significant section of the buyers kept away, hoping that the slide will continue. However, retail markets in the city continued to remain buoyant, unmoved by the Turmoil in the wholesale business. Trade sources speculated that the Union Government's order banning...

Potato prices have Turned volatile across India due to a mismatch in demand and supply. While prices have come down in northern and western India, prices still remain firm in the eastern part due to crop delays . Farmers in Punjab are getting 250-300 per quintal for the Pukhraj and Jyoti potato varieties. In the Jalandhar mandi, prices for a 50-kg packet were ruling at 130-160 on Tuesday while in the...

Lobbyist Niira Radia , who’s in the eye of major storm over her taped telephonic conversations with a wide variety of people, including politicians, corporates and journalists, was on Tuesday grilled by the CBI over her alleged involvement in swinging commercial deals which smacked of a quid pro quo. A three-member CBI team subjected Radia to an intense questioning at her Chhatarpur farmhouse in south Delhi this morning. The interrogation, which...

The Bengal government today pushed through a controversial bill that will empower the state panchayat department to create a parallel school education system with nearly 20,000 rural schools. The West Bengal Panchayat Board of Education Bill had fuelled widespread concern at its conception itself but the Left government bulldozed the legislation through the Assembly today in the face of a walkout by the combined Opposition. At the root of the overdrive appears...