-The Business Standard Govt controls will raise prices of pulses and oilseeds The food and consumer affairs ministry has proposed that stockholding limits on pulses and edible oils be retained for another year beyond October. In addition, it wants these curbs extended to rice, too. This is misguided, and will cause more problems than it wants to resolve. Instead of controlling prices, as is intended, these restrictions on trade will instead...

-The Hindu The World Bank has joined the chorus warning the world of an impending food crisis with damaging food price inflation. In its late-August edition of its Food Price Watch the Bank reported that global prices for food as reflected by its Food Price Index rose 10 per cent in July 2012 alone. The prices of staples such as corn and soya bean were at an all-time high that month,...

-Reuters Water levels in India's main reservoirs were at 65 per cent of capacity in the week to September 6, down 14 per centage points from a year ago, reflecting this year's weak Monsoon, government data issued late on Thursday showed. The latest level was one per centage point higher than the 10-year average for the week. It was 4 per centage points higher than the previous week as the Monsoon rains...

-The Economic Times The Monsoon session that ends on Friday will enter the hall of shame as the second least productive session of the 15th Parliament with legislators having worked for only a quarter of the scheduled time. Only four bills were passed in the month-long session leaving a backlog of more than 100 pending legislations, some as old as 25 years old. According to data analysed by PRS Legislative Research, Lok Sabha...

-The Times of India State-owned oil marketing companies (OMCs) are all set to increase price of petrol by Rs 5 a litre with effect from Saturday, while the prices of diesel, cooking gas and kerosene will be increased next week once Congress president Sonia Gandhi returns after her medical checkup on September 10. A cabinet note on increasing the prices of sensitive petroleum products like diesel, cooking gas and kerosene has already...