Plan to levy market rate on owners of luxury cars Faced with growing diesel consumption and rising under recoveries, the Union government on Thursday said it was working on “dual pricing of diesel” wherein luxury car owners could be asked to pay the market rate and subsidised diesel restricted to farmers and the transport sector. “These proposals are being considered by the Finance Ministry,” Petroleum and Natural Gas Minister S. Jaipal Reddy...

-The Business Standard   Among the many initiatives and innovations being considered to improve returns to farming, the creation of producers’ companies deserves closer policy attention than has been the case so far. A farmers’ company, registered as a corporate entity with the registrar of companies, under the Companies Act, can help farm producers come together and derive economies of scope and scale. A group of farmers in Andhra Pradesh has reportedly...

-The Hindu   The Right to Food Campaign on Tuesday appealed to Prime Minister Manmohan Singh to set aside the government draft of the Food Security Bill which “minimises government's obligations, restricts people's entitlements and is devoid of any accountability”. Rejecting the government's draft Bill, the Campaign gave a national call for action. In an open letter to the Prime Minister, the Campaign said the draft Bill approved by the Empowered Group of...

New-look programme to be rolled out in 2,000 most backward blocks within a year As part of a coordinated and aligned initiative, the Sonia Gandhi-led National Advisory Council, a re-energised Union Rural Development Ministry and the Planning Commission are working in tandem to make up for the time and money lost due to the underperformance in UPA-II on the government's flagship programme, the Mahatma Gandhi National Rural Employment Guarantee Scheme. Even as...

Flat yields for five years and rising insecticide use are jeopardising the success of Bt cotton technology Cotton has been the biggest success story in Indian agriculture since the Green Revolution. In a country struggling with stagnant yields in most crops, cotton has been the one bright spot. Production has soared from 13.6 million bales (each bale is 170 kg) in 2002-03 to 31.2 million bales in 2010-11—a figure that catapulted...