India has lost nearly a half-trillion dollars in illegal financial flows out of the country, says a new study by Global Financial Integrity. India is losing nearly Rs.240 crore every 24 hours, on average, in illegal financial flows out of the country. The nation lost $213 billion (roughly Rs.9.7 lakh crore) in illegal capital flight between 1948 and 2008. However, over $125 billion (Rs.5.7 lakh crore) of that was lost in...

The parliamentary panel on food and agriculture has recommended against sugar decontrol, claiming the move will go against the interest of farmers as well as consumers. The views of this panel, expressed in a report tabled in the Parliament yesterday, are not binding. “The committee is of the opinion that if the entire control on manufacturing and distribution of sugar is removed, the PDS scheme will be adversely affected, as sugar...

Food, PDS and civil supplies minister Sharad Pawar made a big pitch to Prime Minister Manmohan Singh here on Thursday on sugar sector decontrol. He placed a plan for the Centre to buy sugar at prevailing market price for the public distribution system (PDS) directly from the open market in the new sugar year starting October. If this goes through in the coming season, sectoral decontrol would be attained after...

NEW DELHI: Food, PDS and civil supplies minister Sharad Pawar made a big pitch to Prime Minister Manmohan Singh here on Thursday on sugar sector decontrol. He placed a plan for the Centre to buy sugar at prevailing market price for the public distribution system (PDS) directly from the open market in the new sugar year starting October. If this goes through in the coming season, sectoral decontrol would be attained after 15 years of waiting for...

The parliamentary panel on food and agriculture has recommended against sugar decontrol, claiming the move will go against the interest of farmers as well as consumers. The views of this panel, expressed in a report tabled in the Parliament yesterday, are not binding. “The committee is of the opinion that if the entire control on manufacturing and distribution of sugar is removed, the PDS scheme will be adversely affected, as sugar...