In a bid to check wasteful Fuel and fertiliser subsidy and reach it to the intended beneficiaries , the government has set up a task force to suggest a suitable mechanism of direct transfer of subsidy to the consumers. The task force will be headed by Nandan Nilekani , Chairman, Unique Identification Authority of India ( UIDAI )) and has been asked to submit an interim report within four months....

Onion prices continued to slide in the wholesale market at Gultekdi Market Yard on Monday due to excess supply of the commodity, prompting farmers to stage strong protest demanding higher procurement price by commission agents. Agriculture Produce Market Committee (APMC) The agitation started early in the morning and farmers disrupted supply of vegetables and other commodities to the wholesale market. They were called for a meeting by the commission agents...

India plans to withdraw 10,000 paramilitary troops from Kashmir in 2011 and renew efforts to hold talks in the rebellion-hit Himalayan region, a top government official said Sunday. A separatist insurgency has raged in Kashmir for 20 years and at least 114 people died in street protests last summer in pitched battles with security forces. "I think this year we can easily take out 10 battalions (10,000 personnel), if not more," Indian...

PMFAI claims imported substitutes will cost the Indian farmers dearly Chemicals are the world's second largest traded commodity ‘India has a 70% market share of endosulfan business globally' The Pesticides Manufacturers and Formulators' Association of India (PMFAI), on the radar of some environmentalists and business lobbies, on Friday demanded the Central government to withdraw the “erroneous” report of the Ahmedabad-based National Institute of Occupational Health (NIOH) declaring endosulfan as a health hazard. Describing the...

After increasing slowly and steadily from historic lows, world rice prices tripled in just six months during 2007-08. The price surge caused much anxiety because so many of the world’s poor are rice consumers. And it caught many by surprise as market fundamentals were sound. Indeed, it was government policies, rather than changes in the production and consumption of rice, that drove the surge. This suggests that improved government policies...