-The Business Standard Cabinet decisions on fertiliser are not enough Of the two fertiliser-related decisions taken by the Cabinet Committee on Economic Affairs at its recent meeting, the token hike of Rs 50 per tonne in urea prices is inconsequential, and the new mechanism for subsidising fertiliser is problematic. An increase of less than one per cent in urea prices will do little to bring down the subsidy bill or to reduce...

-The Telegraph A panel of Union ministers today finalised a market-based drug pricing policy that public health experts say cold-shoulders concerns expressed by the health ministry and threatens to legitimise high prices for medicines. The policy finalised by the group of ministers (GoM), led by Sharad Pawar, will apply to 348 essential drugs to cover virtually all common ailments — from painkillers and antibiotics to asthma medications and drugs against high blood...

-The Times of India Environment minister Jayanthi Natarajan has overruled objections from her officials to break the forest bureaucracy's monopoly over the annual Rs 10,000 crore bamboo trade and declared it a 'minor forest produce' instead of a 'tree' under forest laws. This will allow tribals, instead of forest departments, to harvest and auction bamboo, which is one of the major raw materials for the paper, pulp and board industry, from their...

-The Economic Times     Rising fertiliser prices may lead to a drop in demand by 10-15 % this kharif season. The impact will be more on diammonium phosphate (DAP) whose prices are likely to double over last season.  DAP prices have gone up from Rs 12,000 a tonne last kharif to over Rs 18,000 a tonne and are likely to be revised to Rs 24,000 within a couple of weeks. "Yes, there are...

-PTI   Spiralling international oil prices have put a strain on the country's import bill Stating that India faces "formidable" challenges on the energy front, Prime Minister Manmohan Singh today said spiralling international oil prices have put a strain on the country's import bill and domestic prices need to be rationalised. "With imports accounting for about 80% of our crude supplies, the spiralling prices of crude in the international market have put a...