-Tehelka Policy flaw lets private players jack up prices and siphon off massive government subsidies. TO DROUGHTS and abject poverty, farmers can add another crisis: sky-rocketing fertiliser prices. The issue has prompted eight chief ministers of large states to seek the intervention of the Ministry of Chemicals and Fertilisers (MoCF) in the matter. Consider, for example, di-ammonium phosphate (DAP) and muriate of potash (MoP), two fertilisers that used to have massive demand...

-The Hindu FDI cap in insurance raised to 49%; foreign investment in pension sector allowed; new Companies Bill 2011 cleared Notwithstanding the strong opposition to its reforms agenda, the manmohan singh government on Thursday pressed ahead with more big-ticket reforms, raising the FDI cap in the insurance sector to 49 per cent, opening up the pension sector for foreign investment and clearing the Companies Bill, 2011. It also approved amendments to the...

-The Hindu Centre not on same page as Kelkar, but puts the report in public domain for “informed debate” The manmohan singh government on Friday put the Kelkar Committee report in the public domain for an “informed debate” as the measures prescribed for return to a path of fiscal consolidation appears to have failed to take into account the political and social ramifications. In an indication that the Government is not on the...

-The United Nations Chinese Premier Wen Jiabao was today presented with a top United Nations award for his efforts to increase food production, contributing significantly to reducing the number of people around the world suffering from extreme poverty. “Let me give you one number that illustrates the magnitude of this contribution,” the Director-General of the UN Food and Agriculture Organization (FAO), José Graziano da Silva, said in presenting the agency's highest award,...

-The Hindu ‘What we need is awareness drive and not concern’ Coming out in support of the Union government, the National Disaster Management Authority (NDMA) on Friday said the Kudankulam nuclear power plant in Tamil Nadu was safe and there was no need for people living in its surrounding areas to protest. “There is no need for concern on any of the [nuclear] plants… not only Kudankulam but the Kalpakkam atomic power station,...