-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...

In climate change talks, the countries need to think equity differently Just before the BASIC ministerial meeting on climate change in Delhi this week, Prime Minister Manmohan Singh stressed on “equity” in climate change talks and said economic growth should not harm the environment. Although the BASIC countries — Brazil, South Africa, India and China — are growing, making them a powerful voice in global economy, they still view themselves as...

An average Indian uses less than half the amount of water consumed by an average American, but India is the world’s largest net virtual water exporter, using more domestic water resources for export products than any other country, says a study. India’s per capita water Consumption is 1,089,000 litres per year, while the average US consumer uses 2,842,000 litres, but trade leaves India with a net virtual water export of 95,000...

The huge expenditure on the food bill, with the attendant leakages, could well make fiscal recovery impossible In the first part of this article, we have estimated the actual cost of implementing the food security bill in its current form. In this part, we now examine the fiscal sustainability of the same. The current state of the revenue and expenditure trends of the Central government (refer table) show that while revenue...

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...