-The Economic Times Brands may be spending million to promote an eco-friendly-image, but when it comes to actual sales, organic and 'planet-friendly' products have failed to move cash registers for retailers, whether it's fresh produce, groceries or even clothing. Top food retailers like Future Group, Reliance Retail and Spencer's Retail say sales from organic vegetables, fruit and food products account for less than 2 per cent of total food sales, even three...
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Centre has sole right to allocate major minerals: Coal Ministry-Samanwaya Rautray & Meera Mohanty
-The Economic Times The coal ministry, in an affidavit to the Supreme Court, has said that it has the sole legal right to allocate coal blocks even as the state governments own the blocks and eventually grant the mining leases. In response to the query of the apex court, which questioned the ministry's authority in this regard, the coal ministry said that though there was no express statutory provision, a combined reading...
More »EU Stresses on 'Accountability' for 2002 Gujarat Riots
-Outlook At a time when Narendra Modi is reaching out to cross-section of people nationally and internationally, the European Union today stressed on the "accountability" for the 2002 Gujarat riots, maintaining that the matter was of "interest" to everyone. It also said the issue of 2002 riots figured in its meeting with Modi, who had met the EU delegation last month after victory in the Gujarat assembly polls. "Modi came to (have) lunch...
More »A committee to ‘administer’ a ‘market price’ for gas-Sunjoy Joshi
-The Hindu In his article in The Hindu (editorial page, “Making a mockery of domestic gas pricing,” January 18, 2013, Surya P. Sethi attacks the gas pricing formula proposed by the Rangarajan Committee, curiously enough, for being based on numbers from foreign markets that do not reflect the supply, demand or cost of production in India. I say “curiously” because on the exact opposite side, domestic producers are also pillorying the committee’s...
More »IMF forecasts 4.5% growth for India; to lose second fastest-growing economy tag
-The Economic Times India looks all set to cede the moniker of the world's second fastest growing major economy for 2012, a fall from glory for a country that was spoken in the same breath as China for much of the previous decade and even nursed ambitions of upstaging its larger neighbour. The latest global economic growth forecasts from the International Monetary Fund (IMF) have India growing at 4.5% in 2012 (at...
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