-The Business Standard Central bank chief Raghuram Rajan likely to retain stance later this week, say economists Inflation in onions skyrocketed to 244.62% in August against already high 119.4% in the previous month, jacking up the the rate of wholesale price rise to a six-month high of 6.10% from 5.8% in July, official data showed today. Ironically, onion prices can't be brought down by interest rate policy, but it is all set to...

-Outlook Gandhinagar: A more stringent safety regime will be in place for genetic engineering in agriculture or medical sciences once the National Biotechnology Regulatory Authority (NBRA) Bill is cleared by Parliament, a senior official said here today. "The NBRA bill has been introduced in Parliament and being debated. Once it (bill) is cleared, a more stringent safety regime shall be in place for genetic engineering, be it in the agriculture space or...

-The Economic Times PUNE: Although India is known the world over for its basmati rice, there are hundreds of local non-basmati varieties that are rich in taste and aroma but still not known to urban consumers. Maharashtra is likely to be the first state to take steps for branding and marketing of these varieties. Maharashtra, a major producer of pulses but not so known for rice, has recently floated a tender to...

-The Economic Times The monsoon made a dream start this year. Bountiful rainfall in June has prepared the ground for bumper harvest and lower food inflation. But don't celebrate. Look beyond the immediate future and good monsoon this year may not really be good news. It has merely delayed an agricultural crisis, which our complacent policymakers perhaps need to jolt them into action. With food demand rising in step with the growing...

-The Economic Times NEW DELHI: After the ambitious food security law, the UPA government is preparing another populist scheme to expand the supply of subsidised edible oil and pulses through the countrywide network of ration shops in the next two to three months. "It will be the next major thing. We are working at the earliest. We propose that state governments purchase pulses and edible oil either through imports or locally. We...