Monsoon rains, which have entered the key soybean-growing areas, are likely to be weak in the next three days, weather officials said on Monday. But industry officials said sowing of soybean, the main summer-planted oilseed, would not be hit due to good soil moisture after recent pre-monsoon showers in the region. Weather officials said rains are likely to gather momentum from 25 June. “We expect monsoon flow to strengthen over central India from...

Food inflation may increase further in the coming weeks, but there is no cause for alarm as the rise is more the result of the low-base effect, Deputy Chairman of Planning Commission Montek Singh Ahulwalia said on Wednesday. As of May 29, food inflation stood at 16.74 per cent. “It is quite possible that when the data comes out on Thursday, you may see a little increase in food inflation. That...

Three state governments are waging a legal battle against the seed industry over prices of Bt cotton seeds. Andhra Pradesh, Gujarat and Maharashtra have cases running in the state courts with the National Seeds Association of India for fixing prices of Bt cotton seeds. The association questioned the state governments’ authority in fixing prices, saying it would hamper seed research in the private sector.   It says only the Union government can...

THE Union agriculture ministry will redraft the seed bill following complaints by MPs, states and farmer groups. Their main grouse is that the bill, which aims to regulate the quality of seeds, does not monitor their prices, crucial for farmers. The Seed Bill 2010 was approved by the Cabinet in March and was to be tabled in the Rajya Sabha in mid-April. Sources in the ministry said MPs and state government...

The Supreme Court on May 7 ruled that natural resources were national assets that belonged to the people and were ideally exploited by public sector undertakings. This obviously implies that local communities, including tribals, living on mineralised land, enjoy entitlements but not prescriptive ownership rights to such national assets. This is an important reiterative clarification defining mineral rights in Fifth Schedule areas that are currently in contention. Whether PSUs should...