-The Economic Times It has never happened since Independence. May be not even in the last 1,000 years what happened during October 2011-September 2012. India exported 10 million tonnes of rice, valued at around $6 billion, becoming the largest exporter of rice, replacing Thailand and Vietnam, generally the two largest exporters of rice. This is now known to many in rice circles. But what is little known is that in 2011-12, India also emerged...
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A claim to shame -Sitaram Yechury
-The Hindustan Times In response to the widespread protests and the nation-wide hartal last Thursday, Prime Minister Manmohan Singh addressed the nation on Friday and tried to explain why these decisions had become inevitable. The thrust of his argument was, “We need a revival in investor confidence, domestically and globally.” For this, the current high fiscal deficit must be contained and, hence, the hike in the prices of diesel and cap on...
More »Oil PSUs: Decoding the math of loss or under-recovery and what it means-Avinash Celestine
-The Economic Times How right was the government when it stated that the under-recoveries posed a threat to 'our national economy'? Or when the government says that it gave more to the sector in the form of subsidies than it earned as fuel taxes? The government would also like you to believe that the under-recoveries, dependent as they are on the price of crude in the international market, and the exchange...
More »Oil companies set to reduce petrol prices -Piyush Pandey
-The Times of India MUMBAI: Consumers may get some relief as oil marketing companies (OMCs) plan to revise petrol prices downward due to falling international Crude Oil Prices and a strengthening rupee. The Indian basket of crude oil fell to $106.74 on September 20 from $116 five days earlier, according to data published by the oil ministry. The rupee, which hit a four-month-high of 53.47 on September 21, is expected to strengthen...
More »Reform by transparency
-The Business Standard Gas cylinder cap has lessons for the future Of all the decisions that the United Progressive Alliance government took last week to end a long period of policy paralysis, the one that has caused the least provocation to opposition political parties is the annual capping of the supply of subsidised cooking gas cylinders. This is surprising, as its net effect on a householder’s annual budget will likely be substantial....
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