-PTI State agriculture marketing boards today said FDI inmulti-brand Retail will harm farmers, particularly small and marginal peasants. "Farmers are certainly going to be affected if FDI into multi-brand Retail is given a go-ahead. It will mainly cause concerns to small and marginal farmers who have less than four hectares of land," the National Council of State Agricultural Marketing Boards (COSAMB) Managing Director S S Randhawa said while addressing a farmers' meet...

-PTI   The Competition Commission of India (CCI) today imposed a penalty of Rs 165.58 crore on 48 LPG cylinder makers for forming a cartel while bidding during the tenders floated by Indian Oil in 2010-11. The competition watchdog imposed the penalty after finding them guilty of manipulating the bids and quoting "identical rates in groups through an understanding and collusion action". The ruling was based on the findings of the CCI's Director General...

In a move that could hurt millions of farmers, the government plans to increase the price of urea and link it to the price of gas in an attempt to reduce its burgeoning fertilizer subsidy bill. Urea is the only fertilizer that has a maximum Retail price (MRP) still controlled by the government, which deregulated those of all others in April 2010. Urea sells in the market at Rs.5,310 per tonne,...

Food price inflation, and inflation in general, has become less of an issue. But it isn’t an issue that will go away. Give it till June and inflation is likely to inch up again. Competition is a good antidote against price increases. It ensures efficiency and reduces price volatility. Logically, food price inflation should trigger and stimulate agricultural reform, so there is competition and supply-side changes can occur. But in...

The government's ambitious economic census to create a comprehensive database of the economic profile of India's households and businesses has been pushed back again because of lack of personnel.  The census department is right now busy with the survey to enumerate people below poverty line and feels a simultaneous economic survey will stretch its resources undermining the data quality.  "There has been a decision taken to delay the economic census as conducting...