Even as the issue of price rise takes centrestage in Parliament, the government’s attempt to offload wheat in the open market has found few takers among small traders. The reason: the price of wheat fixed by the Food Corporation of India (FCI) for small traders is higher than the prevailing wholesale prices at major centres across the country. In June, the Empowered Group of Ministers (EGoM) headed by Finance Minister Pranab...

The Union budget estimates the nominal rate of growth for the Indian economy to be 12.5 per cent during the current fiscal. While it is impossible to figure out the manner in which this number was arrived at, the government has predicted further that the inflation-adjusted real growth rate for the same year will be eight per cent. Simple arithmetic requires that the difference between the nominal and real growth...

While India’s new Right to Education Act seeks to bring free and compulsory education for all children, it seems to short-change them through an unrealistic vision of the private sector’s involvement. In August 2009, the Right to Education Act was passed in the Indian Parliament with no debate, by the fewer than 60 members who happened to be attending the session that day. Not that the Act was an open-and-shut...

The emerging economies of Brazil, India, China and Russia will enjoy an agricultural boom over the next decade as production stalls in Western Europe, a report says. Agricultural output in the Bric nations will grow three times as fast as in the major developed countries, the joint United Nations-OECD study said. Livestock and crop prices will stay above long-term averages, it added. And rising incomes and urbanisation in developing states...

Three state governments are waging a legal battle against the seed industry over prices of Bt cotton seeds. Andhra Pradesh, Gujarat and Maharashtra have cases running in the state courts with the National Seeds Association of India for fixing prices of Bt cotton seeds. The association questioned the state governments’ authority in fixing prices, saying it would hamper seed research in the private sector.   It says only the Union government can...