Global fertiliser prices have started to hot up once again, in anticipation of tight supplies in 2010-11 and some significant mergers and acquisitions, which could increase the import bill for India and also make key soil nutrients expensive. In just the latter half of July, prices of key phosphatic fertilisers, urea, DAP, phosphate and potash have shot up in a marked manner. Between July 16 and July 29, phosphate prices...

Systemic Failure * Despite record procurement, poor storage has led to a criminal waste of grain * 61,000 tonnes of grain rotted as it was left in the open during the monsoon * The FCI had shut down storage facilities after low procurement in 2006-07 * The plan for decentralised storage facilities is 40 years old. It’s still hanging fire. * EGoM did not clear the surplus grains for the PDS since it would have...

Amipur may be a small dot along the national highway from Patna to Nawada, but its ambitions are big. In the 50-odd households in the village, sparsely populated and rife with an uneasy quiet, most men have left for work outside Bihar. Siyaram Chauhan is the one who returned. He was rescued last month by the state government officials from a brick kiln in Uttar Pradesh’s Bahraich where he worked as...

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...

The Rajya Sabha on Wednesday approved the Competition (Amendment) Bill 2009 which was passed by the Lok Sabha. The Bill repeals and replaces the Competition (Amendment) Ordinance, 2009. The Bill provides for transfer of anti-competition cases pending before the Monopolies and Restrictive Trade Practices Commission (MRTPC) to an appellate tribunal. With this, the commission would cease to exist, two years ahead of its scheduled closure. Tabling the Bill, Minister of State for...