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Steep fuel price hike likely as under-recoveries rise -Rajesh Chandramouli

-The Times of India CHENNAI: With the oil ministry looking to announce steps to curb fuel consumption on September 16, industry insiders and analysts expect a steep one-time increase in prices of diesel and domestic LPG. In several key cities, the under recovery in domestic LPG is more than double that of the selling price while in diesel, the gap has increased to Rs 12.12 a litre from Rs 9.03 per litre...

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Global food prices continue to drop

-FAO   Prices of cereals and oils decrease - FAO expects bumper cereal harvest this year Rome: The FAO Food Price Index dropped for the fourth month in a row in August reaching its lowest level since June 2012. The index, which measures the monthly change in the international prices of a basket of food commodities, averaged 201.8 points in August 2013, nearly 4 points (1.9 percent) below its July value and 11 points...

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Rajya Sabha passes National Food Security Bill

-The Times of India NEW DELHI: The National Food Security Bill, which seeks to provide heavily-subsidized food to two-thirds of India's 1.23 billion people, was passed by the Rajya Sabha on Monday. Much like what happened in the Lok Sabha last week, there was a scramble among political parties to garner populist brownie points even as they differed fiercely on certain provisions of the bill and their implementation. With the Congress all...

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More bite, less to chew -Latha Jishnu, Jyotika Sood and Suchitra M

-Down to Earth The most controversial aspect of the food security law is the restructuring of the public distribution system to cover an unprecedented 67 per cent of the population, most of them in the poorer states. LATHA JISHNU, JYOTIKA SOOD and SUCHITRA M explain why there are winners and losers in the new dispensation and how states with better PDS will have to find huge resources to keep their numbers...

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Onion prices show signs of cooling -Dipak Kumar Dash

-The Times of India NEW DELHI: There were signs of onion prices falling in certain cities on Monday. Similar correction in prices are expected in the next few days as arrival has increased almost two-fold at Asia's largest onion market in Lasalgaon. Similar was the trend in Pimpalgaon and Delhi. Food ministry sources said higher quantity of onion arriving at markets will increase supply across the country in the next few days...

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