-The Hindu The move may save the government around Rs. 5,000 crore   The Union Cabinet, on Wednesday, gave its go-ahead for slashing the subsidy on phosphatic and potassic (P&K) fertilisers for this fiscal. The move is expected to save the government around Rs. 5,000 crore. The decision to cut subsidy has been taken in view of falling global prices. Despite the reduction in subsidy, the government is hopeful that the maximum retail price (MRP) of...

-The Hindu Business Line   The general tendency among Indian policy makers currently is to blame international price movements for the rise in prices of essential food items in India. The extent to which this claim is valid is assessed by examining the specific case of wheat. It is no secret that Indian food prices are increasingly affected by international prices. Ever since 2002, when all quantitative restrictions on Indian imports of agricultural...

-The United Nations The Asia-Pacific region, which has overtaken the rest of the world in Consumption of raw materials as affluence and manufacturing increase, must boost its resource efficiency or risk losing ground in lifestyle, economic growth and environmental sustainability, according to a UN report released today. From 1970-2008, Consumption of construction minerals increased 13.4 times, metal ores and industrial minerals Consumption 8.6, fossil fuels 5.4, and biomass 2.7 times, according to...

-IANS   An anti-tobacco group on Thursday expressed shock over West Bengal chief minister Mamata Banerjee's joke asking people to smoke more, so more revenue could be garnered to compensate investors of the collapsed Saradha financial scam. "This is a great discouragement for those working in the area of public health," said Bhavna Mukhopadhyay, executive director, Voluntary Health Association of India. Mukhopadhyay said the West Bengal chief minister announced a 10% tax hike...

-The Hindu "We are trying to strengthen the humint component " Amid indications of no major headway in last week's blast outside the State Bharatiya Janata Party (BJP) office in Bangalore, Union Home Minister Sushilkumar Shinde on Monday again pushed for the controversial National Counter Terrorism Centre (NCTC) that would strengthen intelligence set up of the States. "We are trying to strengthen the ‘humint' (human intelligence) component in our intelligence agencies. That will...