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FCI to sell 2 million tonnes of wheat in international market -Madhvi Sally

-The Economic Times NEW DELHI: The Food Corporation of India (FCI) will Export two million tonnes of wheat in the coming months to earn valuable foreign exchange of nearly $ 600 million for the country. The proposal to Export the wheat from the stocks of the central pool of FCI was approved by the Cabinet Committee on Economic Affairs (CCEA) last month. A sub-committee, headed by FCI Chairman and MD C Viswanath,...

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Govt, opposition close ranks to corner judiciary

-The Times of India NEW DELHI: Government and opposition in the Rajya Sabha on Thursday presented a joint front to indict judiciary on diverse counts - from corruption, favouritism and nepotism to compromises due to lust of post-retirement jobs and benefits - as they approved a bill which seeks to scrap the collegium system of appointing judges. The Constitution amendment ending judiciary's monopoly in appointing judges by giving executive a crucial role...

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Global food prices continue to drop

-FAO   Prices of cereals and oils decrease - FAO expects bumper cereal harvest this year Rome: The FAO Food Price Index dropped for the fourth month in a row in August reaching its lowest level since June 2012. The index, which measures the monthly change in the international prices of a basket of food commodities, averaged 201.8 points in August 2013, nearly 4 points (1.9 percent) below its July value and 11 points...

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Sow the wind, reap a storm-G Padmanaban

-The Hindu Those opposing GM crops ignore scientific evidence of their harmlessness and are depriving the nation of the wider benefits of agri-biotechnology It is unfortunate that the technical group appointed by the Supreme Court has chosen to stick with its recommendation for an indefinite moratorium on GM crop trials. There is fierce opposition from activists even to the introduction of the Biotechnology Regulatory Authority Bill (BRAI) in Parliament, meant to evolve...

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Amid slugfest with BJP, PM hints at hiking fuel prices, curbing gold imports

-The Times of India NEW DELHI: The Prime Minister on Friday called for a political consensus on "more difficult reforms", indicating that the government was considering a cut in fuel subsidy, which would mean higher petrol and diesel prices, and bringing in measures to curb gold imports. Making a statement in the Lok Sabha on the current economic situation, Manmohan Singh admitted that the current account deficit had gone up sharply and...

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