In a bold move that will not just prune the humongous fertiliser subsidy bill but also change the face of agriculture, Prime Minister Manmohan Singh, aided by several Cabinet colleagues, today brought in a nutrient-based subsidy (NBS) regime. This will incentivise companies to innovate beyond a handful of products sold in the market presently and offer farmers choice based on soil needs. This is expected to trim the subsidy bill...

India's food inflation rose for the fourth straight week in early February, heightening worries that it was driving up headline inflation past official forecasts and increasing the chance of the central bank pushing up rates. The food price index rose 17.97 percent in the 12 months to February 6, higher than an annual rise of 17.94 percent in the previous week, data released on Thursday showed. The fuel price index rose...

Surging food inflation, decline in agriculture growth rate and the impending food security bill are expected to be at the centre of the coming Union budget. With a bumper wheat harvest expected this rabi, there are projections of a turnaround in the farm sector from the present growth rate of 0.2 per cent. Food prices, which grew at an unprecedented rate of nearly 20 per cent in January, are expected...

The National Commission for Scheduled Castes on Thursday criticised the Tamil Nadu government for high pendency of cases and low conviction rate under the Scheduled Castes and Scheduled Tribes (Prevention of Atrocities) Act 1989. Vice-Chairman of the Commission N.M. Kamble, who along with Member of the Commission Mahendra Boddh, conducted a State-level review meeting with Adi-Dravidar Welfare Minister Tamilarasi and senior officials of the government, pulled up the police department...

In an unprecedented move, which could lead to simmering down the tension between the highways ministry and the Planning Commission, the principal adviser (infrastructure) in the planning panel Gajendra Haldea has withdrawn an RTI application seeking status of highway projects approved by Public Private Partnership Appraisal Committee (PPPAC). The retired bureaucrat and a member of the PPPAC had filed the application before director (RTI) asking for status of NHAI projects...