Policymakers have repeatedly said that commodity futures help farmers hedge their risks. But data from Forward Markets Commission (FMC), the regulator for the business worth Rs 106 lakh crore during April-October, paints a different picture. The share of agricultural trade is just a tad over 10% and within this, food products such as soya oil and chana accounted for less than 7% of the total value. Of course, the government itself...

-The Hindu   Kapil Sibal, Union Minister for Communications and Information Technology, has set off a firestorm of protest by demanding that ‘internet intermediaries' — specifically in this round, four social networking giants, Google, Yahoo, Facebook, and Microsoft, which enable hundreds of millions of individual users to publish and share on the worldwide web — remove inflammatory content as well as other text and images that might “offend Indian sensibilities.” As in...

The 11th five-year plan promised the nation “inclusive growth”. It marked a departure from the earlier official position that the “benefits of growth” would automatically “trickle down” to the poor, and that if growth was not actually benefiting the poor, then the reason lay in its not being high enough. The 11th plan, by contrast, conceded that the “benefits of growth” did not automatically “trickle down”, but argued that growth...

Global retail chains looking to set up shop in India may face several challenges such as delay in the implementation of goods and services tax and restrictions imposed by the Agricultural Produce Marketing Committee (APMC) Act, besides political opposition. These hurdles can be roadblocks in providing real benefits to farmers and consumers as intended by the government in opening the multi-brand retail sector to foreign direct investment. “GST (goods and services tax)...

The 17th Conference of Parties (COP) under the UN Framework Convention on Climate Change (UNFCC) is being held in Durban, South Africa, from November 28 to December 9, 2011.   Urgent action is required to arrest the inexorable rise in global CO2 emissions. What are the issues before this important international meeting on Climate Change?   The last meeting of the COP was held in Cancun, Mexico, in December 2010. The 17th COP will...