The fertiliser ministry may seek more funds from the finance ministry to meet its subsidy obligations as it needs more than the allocated amount to take care of the rising subsidy bill, a top official said.  "We have already received 17,700 crore in addition to the budgetary allocation of around 50,000 crore. But we still need more funds, and the amount will be finalised in consultation with the finance ministry," said...

India is likely to see record foodgrain production in the current year on good rains, the second advance estimate of the agriculture ministry showed on Friday. Output of total foodgrains comprising rice, wheat, coarse cereals and pulses was seen at 250.42 million tonnes (mt) in the July-June crop year of 2011-12, up 2.3% from the year-ago 244.78 mt, the data showed. This is significant as the optimistic projection comes just ahead of...

-The Economic Times   The IMF wants to increase its lending capacity by $1 trillion, to rescue distressed countries in the eurozone plus those hit by aftershocks from the eurozone.  But US is struggling with fiscal problems of its own, Japan now has the highest debt/GDP ratio in the world (over 200%), and Europe is moving into an austerity phase. Clearly, a significant chunk of the new trillion will have to come from...

-The Business Standard   Its guarantee of non-duplication can have far-reaching cost benefits but it has deep design flaws that can be compromised. PRAVEEN CHAKRAVARTY Former Volunteer, Financial Inclusion, UIDAI* “Aadhaar is an unadulterated identity programme that answers the question: Is the individual who he or she claims to be?”   The word “unique”, and not “identity”, is central to the unique identity programme or Aadhaar. It may be true that the vast majority of people possess some...

Is the majority of India veg or non-veg? Well, contrary to impression, the land of Gandhi and Buddha is predominantly non-veg. It may well have been majority vegetarian country at some point of time but the new trend is that more and more people are taking to non-vegetarian diets. A new policy paper, “Veg or Non-Veg? India at the Crossroads,” published by Brighter Green, a New York-based public policy action...