What’s Going Wrong?     * Market intelligence remains a weak link; farm policies rarely reflect correct scenario     * Extensive damage to crop in Maharashtra not factored in promoting onion, tomato exports     * Middlemen make capital while farmers realise 10-15% margin, not enough to recoup losses     * Government market intervention capacity limited to foodgrains and pulses **** India’s worst-kept secret was finally revealed when the government threw up its hands in despair in the...

Farmers would be considered as skilled workers and insurance companies cannot reduce the compensation under the Motor Vehicle (MV) Act on the ground their work required no formal education, a Delhi court has said. "It (farming) is rather the skill and the knowledge of the ancestors which is handed down from one generation to another. Though each farmer of this country may not be educationally qualified as yet and it may...

The Manmohan Singh government is digging an even bigger hole for itself by claiming there was no loss of revenue from the sweetheart sale of 2G spectrum to favoured corporate houses. “Milord,” cunning lawyers have argued in countless Hindi movies, “how can there have been a murder when there is no dead body?” I was reminded of this line when I heard Kapil Sibal — who has been performing as an...

The Supreme Court has paved the way for start of trial in the Palmolein oil import scam. CVC J Thomas is an accused in the case. The apex court disposed the petition filed by K Karunakaran after his death. With this the interim order staying the trial also becomes ineffective. K Karunakaran, who was four times chief minister of Kerala, died in December last year. The case relates to the alleged loss of...

Onion hubs were raided across the country today and officials claimed prices tumbled Rs 5-10 as a result of the income-tax department’s action a day after the Centre urged states to counter hoarding. Calcutta’s Sealdah wholesale mart and Asansol were among the places in Bengal that saw the swoops. Similar action was seen in several towns in Uttar Pradesh, Punjab, Bihar, Jharkhand, Maharashtra and Gujarat. Finance minister Pranab Mukherjee had written to...