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Release of foodgrain could inflate subsidy bill by Rs 20-25K crore-Rajeev Deshpande

With its granaries brimming over, the government faces a crippling dilemma: The tab for releasing foodgrain to make way for new arrivals adds up to Rs 20,000-25,000 crore, an unviable addition to the subsidy bill. The government's bind was succinctly outlined by finance minister Pranab Mukherjee when he told a meeting called by Prime Minister Manmohan Singh on Wednesday that vacating food silos will mean a hefty cost at a time...

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Cotton export relaxation comes a little late-S Harpal Singh

The permission given by the Centre for new registrations for export of cotton has brought little cheer either to cotton farmers or to the huge cotton processing industry in Adilabad district. Both the segments feel the move is too little and too late. Almost all the cotton produced in this district has arrived in the markets and no trader has dared stocking cotton bales this season owing to its low price....

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Govt’s bid to widen tax base comes unstuck-Rajeev Deshpande

The government's efforts to widen the tax base are not paying off. New tax payers added over the past three years show a decline, while a staggering 89% of existing assessees are bunched in the lowest income bracket of Rs 5 lakh or less a year.  Numbers point to a worrying trend the government would want to reverse as while 17,84,709 assessees were added in 2008-09, the figure slid to 16,75,069...

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A good monsoon is an occasion to invest in a major overhaul of farm policy

-The Economic Times India will have a normal monsoon this year, says the Met office. This is good news, even though the forecast does not rule out some slack during the second half of the season. What matters finally is the distribution of rainfall across space and time rather than the aggregate percentages. However, a good monsoon is only one side of the story to have a strong farm sector. Reforms are...

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Court appreciates SP for ending caste animosity-Mohamed Imranullah S

-The Hindu To say human being is untouchable is to deny God: Asra Garg The Madras High Court Bench here on Thursday appreciated Madurai Superintendent of Police Asra Garg (31) for efforts taken by him in putting an end to long pending hostility between Caste Hindus and Dalits of Villoor near here through talks. Justice D. Hariparanthaman recorded his appreciation for the SP and his team of policemen while closing a writ petition...

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