-The Business Standard Cotton export ban was an example of poor policy The government’s sudden move to ban cotton exports – rolled back in less than a week following anger from cotton farmers and adverse political fallout — reflects very poorly on its policy management. The commerce ministry clamped down on exports without clear logic; prior consultations with other ministries concerned were also cursory or non-existent. Unsurprisingly, most players in the cotton...

The fertiliser ministry may seek more funds from the finance ministry to meet its subsidy obligations as it needs more than the allocated amount to take care of the rising subsidy bill, a top official said.  "We have already received 17,700 crore in addition to the budgetary allocation of around 50,000 crore. But we still need more funds, and the amount will be finalised in consultation with the finance ministry," said...

-The Telegraph   The Centre has reached an agreement with the BJP to pass a bill on pension reforms in the next “two or three” days, according to a cabinet minister. It has also been working on UPA partner Trinamul Congress, which is opposed to the bill. The BJP agreed after the government gave in on two of its demands related to the legislation, the Pension Fund Regulatory and Development Authority Bill, 2011. One was...

-The Business Standard   The new grain pricing policy for 2012-13 rabi marketing season seems a half-hearted attempt to make farmers grow more oilseeds and pulses, which are in short supply. This is apparent from a hefty hike of Rs 650 to Rs 700 a quintal, or around 35 per cent, in the minimum support prices (MSPs) of oilseeds and pulses and a relatively modest increase of Rs 115, or 10 per...

The 2G note has exposed the deep political rift in the top echelons of the UPA regime, spreading fear among insiders that the row will trigger repercussions within the Congress as well as the government in the coming months. The Congress leadership has decided to fully back the home minister for now but future responses will depend on the assessment of the Supreme Court. The apex court will decide whether P....