Is Bihar on steroids, boosted by an excessive stimulus of dramatically higher public outlays than ever in the past? Like all stimulus, does it also bear the danger of slumping back when it is withdrawn? Is the widely acclaimed growth turnaround a durable and sustainable one? These are among the many issues, which are currently being debated. But first the facts. Bihar is the best turnaround story that the country has seen...

Nobody in government should be surprised that sugar is selling at nearly Rs 50 a kg, possibly the highest it has reached in history. The supply-side causes have been visible for months. Last year’s patchy monsoon, of course, had an effect on the size of the domestic sugarcane crop; and, meanwhile, across the world in Brazil, extra-heavy rain has hit its production. Consequently, traders worldwide have been gearing up for...

Hit by soaring food inflation, the government moved into urgent damage control mode on Wednesday, with Prime Minister Manmohan Singh stepping into the frame and deciding to meet chief ministers to urge stronger anti-hoarding measures and improved lifting and distribution of foodgrains. The Centre plans to quickly release 2-3 million tonnes of wheat and rice in the retail market, using its own agencies like NAFED and NCCF besides PDS outlets....

The Centre on Monday partially blamed the ban imposed by the Uttar Pradesh government on processing of raw sugar for the sudden spurt in the sugar price, which had touched Rs. 50 a kg in Delhi markets, but could not say when the situation would ease. Speaking to journalists here, Union Food and Agriculture Minister Sharad Pawar said imported raw sugar was lying at the Kandla port for the last...

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...