-The Indian Express Having decontrolled petrol and diesel, the government's next focus is on containing fertiliser subsidies. Key to this is decontrol of urea and ushering in a system of crediting subsidy payments directly into the bank accounts of farmers. HARISH DAMODARAN explains the existing subsidy regime and the road ahead. * What's so special about urea decontrol? Urea is the only fertiliser whose maximum retail price (MRP) is still fixed...

-The Indian Express The Centre is reportedly considering decontrol of urea over a period of three years, at the end of which retail prices would be totally market-determined, with farmers getting a fixed per-bag subsidy to be credited directly to their bank accounts. If this happens, it will probably be the most politically challenging economic reform the Narendra Modi government undertakes. Given the crash in global oil prices, decontrol of diesel...

-The Indian Express The first nine months of the new BJP government has only underscored its anti-poor, anti-rural image. The substantive and substantial changes in rural development have been restrictive in nature. The new government has worked to undermine the legal and financial framework of MGNREGA, substantially weakened the provisions of the land acquisition act through an ordinance and, through year-end budget cuts, they have undermined almost every social sector programme, reportedly...

-Business Standard Surveys show 40% still get loans from non-institutional sources & at high rates A little over half of India's agricultural households were in debt, with 40 per cent of the dues from non-institutional lenders, during agricultural year 2012-13 (July to June), according to a official survey. This 'Situation assessment survey of agricultural households' showed 51.9 per cent of all agricultural households were indebted, with the average amount of unpaid dues being...

-The Indian Express The lynching of a tea estate owner in Jalpaiguri last month has stirred up trouble in the already edgy tea gardens of north Bengal, where lockouts, labour unrest and poverty form a volatile mix. It's all quiet at Labour Lines, the workers' quarters of Sonali Tea Estate in Jalpaiguri. It has just been two days since Rajesh Jhunjhunwala, the 45-year-old owner of the tea gardens, was lynched by a...