Sugar prices have been rising, and the government has been offering sweet nothings. But on Tuesday the entire Opposition - even UPA's allies - will put the government in the dock over price rise. At this juncture, a notification by the Directorate General of Foreign Trade (DGFT) is certainly bad news for the beleaguered government. Though sugar exports are banned, the DGFT issued a notice on February 15 allocating 10,000 Metric tonnes...

India's annual food inflation based on wholesale prices rose to 17.4% for the week ended January 16 from 16.81% the week before, according to official statistics released on Thursday. Essential items continued to rule firm, with potatoes dearer by 57.56% over the past 52 weeks, pulses up 46.87%, and vegetables costlier by 10.5%. But prices of onions declined 1.69%. The limited data on the wholesale index released by the Commerce...

India on Wednesday decried attempts to divert food grains for bio-fuels. “Diversion of grain for fuel is a dangerous trend,” Commerce and Industry Minister Anand Sharma said at the World Economic Forum meeting here. Addressing a session on energy security, Mr. Sharma said diversion of food grains for bio-fuels cannot “subvert” the need for food security. “The cost of food in India has been on a rise over the past year and...

The ministry of personnel has shown a surprising lack of alacrity in prosecuting errant babus In August last year, Prime Minister Manmohan Singh was keynote speaker at the annual meeting of India’s premier anti-corruption agency, the CBI. There, addressing officers of the agency and state vigilance bureaus, he made a telling remark, “Our anti-corruption agencies must make the cost of corruption unacceptably high for those indulging in this evil practice.” The prime...

It is presumed that the industrial development in Bihar is hampered by lack of investments. Is it because of 'unproductive' government policies or an unpredictable law and order situation? And how to increase the flow of investment in the state? In order to find out answers to all such questions and debate these issues, Business Standard Hindi recently organised a roundtable in Patna. The seminar was attended by various small...