-PTI The Prime Minister's Economic Advisory Council today projected 3 per cent growth for the farm sector in 2011-12 buoyed by record grains output, strong growth in horticulture and animal husbandry sectors. Last year, the agriculture sector had grown by 7 per cent. "The Council expects that in combination with the strong trend growth in horticulture and in the animal husbandry sectors, the overall farm sector GDP growth for 2011-12 will average 3...

-The Business Standard   A proposed move by the Centre to slash natural gas supplies to phosphorous and potash-based (P&K) fertiliser manufacturing units has seen a number of farmer bodies, agro-experts and scientists raise a howl of protest. The move could seriously impact sOil fertility, which in turn could hit food production in the country, they warned. Nutrients in sOil are necessary to increase overall productivity of agri-commodities to help meet the country’s...

-The Indian Express   The Unique Identification Authority (UIDAI) has begun two-pilot projects that would allow public sector Oil marketers to make LPG transfers as well as getting mobile connectivity easier and transparent for consumers, UIDAI chairman Nandan Nilekani said.   "We are running a pilot programme in Mysore using the Aadhar platform for giving LPG connections. One could get an LPG connection through the use of an Aadhar number. Similarly, in Hyderabad, this...

-The Indian Express   Delhi residents are ahead of the others in terms of earning and spending, says a new government survey. At nearly Rs 1.16 lakh, the average annual per capita income of Delhiites is the highest in the country, and at Rs 33,732, the annual per capita expenditure too is the highest, as per the survey. “The monthly per capita expenditure of Delhiites signifies the prevalence of relatively better levels of living...

The irrationality and waste in energy subsidies in India has been a perennial theme in analysis of the Indian economy and in reform prescriptions. Progress has, however, turned out to be elusive in the face of ground realities and feasible politics.  The power ministry, after struggling for over a decade through repeated exhortations, had the satisfaction of getting a resolution in a Chief Ministers Conference in 2001 that free supply of...