Union minister for consumer affairs, food and public distribution KV Thomas tells Nitin Sethi that it makes better sense to distribute stocked foodgrain to people of the country than subsidise exports. Possible spread of drought that the government is looking at... At the moment, monsoon rainfall is 23% below the long term average. But we have to wait another 15 days to know the full situation. We had discussion in the presence...

-The Economic Times KOLKATA: With over 43,000 jobs generated in the small and medium enterprises (SMEs) sector between April 2011 and up to February 15, 2012, West Bengal has emerged as a front-runner state to facilitate growth in the SMEs sector, apex industry body Assocham said on Tuesday. Utilizing the margin Subsidy money worth Rs 52.49 crore, the state of West Bengal assisted about 5,290 SME units across the state, according to...

-The Telegraph The Union government today announced contingency measures, including the rollout of alternative crops and additional power for irrigation, in response to the persistently poor monsoon rainfall. The crop area sown this year is about 8 million hectares lower than last year but agrometeorology experts say the cumulative area sown with rice can be determined only around early August. Prime Minister Manmohan Singh has directed various ministries to co-ordinate their efforts with...

-CNN-IBN With deficient monsoon rains throughout the country so far, experts have now warned that the drought situation can no longer be ignored and that it is the time to act. Food Minister KV Thomas admitted on Tuesday that the situation is worrisome and that the government will have to take measures to check hoarding as deficient rainfall will lead to crop failure. Commission for Agriculture Costs and Prices (CACP) Chairman Ashok...

-The Times of India The Planning Commission has asked states to hike electricity charges to not only save the ailing power sector but also use the Subsidy to fund essential services like drinking water, education and health, which are essential for promoting inclusive growth. "The way the current situation (can) be handled is through some combination of tariff increase and serious efforts to reduce AT&C losses," Plan panel deputy chairman Montek Singh...