The national biofuel policy announced by the government last week is well-intentioned but is not really practical. It aims for achieving a 20 per cent blending of biofuels with petrol as well as diesel by 2017. Given that even the 5 per cent ethanol doping target — raised to 10 per cent last October — is yet to be achieved makes the target quite unachievable. The sugar industry, which is...

Educating disadvantaged and vulnerable groups is key  In the face of imports posing a competition to domestic manufacturing, the government has decided to come up with a National Consumer Policy to ensure uniform national and international standards in the various arms of the Central and State governments, the regulatory bodies and on consumer fora, and to lay down the guiding principles of complaint resolution. The Bureau of Indian Standards (BIS)will...

THIRUVANANTHAPURAM: Food and Civil Supplies Minister C. Divakaran has said that Rs.56 crore has been sanctioned to Kerala State Civil Supplies Corporation (Supplyco) as part of the Market Intervention programmes initiated by the State government to control the price line. In an official statement here, Mr. Divakaran said the amount had been sanctioned as a follow-up to the decision taken at the December 8 meeting of the Cabinet sub-committee. The amount...

The current food inflation is a result of food output growth not keeping pace with population growth Few recall that, just last month, there was a food security summit in Rome. In sharp contrast to the almost overwhelming coverage of the Copenhagen climate summit, it attracted far lesser attention from the heads of governments, as also from the media. This is somewhat strange as a food (and water) crisis can hit...

If Paul Samuelson, who died this weekend at the ripe age of 94, has been described in many obituaries as the greatest economist of the 20th century and the “founder of modern economics”, even though most professional economists would credit John Maynard Keynes with that title, it is because most students of economics around the world came to the discipline through his textbook. First published in 1948, Samuelson’s Economics: An...