The high prices of essential commodities are expected to decline by the end of the rabi season in the next two months, Vijay Shankar Vyas, member of the Prime Minister’s Economic Advisory Council, said here on Tuesday. “Food inflation would come down by March-April as we are expecting a good rabi production this year,” Dr. Vyas told journalists on the sidelines of the launch of a publication on agriculture, Millions Fed,...

Union Minister of State for Environment and Forest Jairam Ramesh on Sunday said a nation-wide Comprehensive Environmental Assessment found that 88 industrial clusters were critically polluted. Out of these 88 clusters, 8 are in Maharashtra including Tarapur and Chembur. The environment Ministry will not give clearance to any industry in these 88 clusters unless Action Plan is prepared and implemented to improve the environment in these areas, said Mr. Ramesh,...

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...

Hit by soaring food inflation, the government moved into urgent damage control mode on Wednesday, with Prime Minister Manmohan Singh stepping into the frame and deciding to meet chief ministers to urge stronger anti-hoarding measures and improved lifting and distribution of foodgrains. The Centre plans to quickly release 2-3 million tonnes of wheat and rice in the retail market, using its own agencies like NAFED and NCCF besides PDS outlets....

Prime Minister Dr Manmohan Singh will chair the Cabinet Committee on Prices (CCP) meeting that will be held on Wednesday to discuss the issue of spiraling food prices, including sugar prices. Manmohan Singh is expected to take decisions on increasing the availability of sugar and other commodities, to contain food inflation. Food inflation had soared to 20 percent since the first week of December. The meeting was earlier scheduled to...