-The Business Standard   Union finance minister Pranab Mukherjee was being economical with the truth when he said that last Saturday’s petrol price hike decision was entirely that of oil marketing companies (OMCs). True, the government correctly but belatedly deregulated petrol pricing several months ago, but it is clear that despite a sharp increase in global crude oil prices in the past six months, the OMCs restrained themselves from increasing domestic...

The Supreme Court stole a march on Saturday over a wavering UPA with its direction to the government to consider altering the poverty line and distributing 5 million tonnes of foodgrain to the poorest 150 districts. With the proposed Food Security Act being lobbed back and forth between the government, the Congress leadership and the National Advisory Council, the apex court's order dented UPA's pro-poor image. It might have been...

-The Economic Times   India's grain bins are overflowing and the forecast for a normal monsoon promises another bumper crop, but political disagreement over a bill to secure food rights for the poor means the country is expected to steer clear of large-scale exports. Shipments from the world's second-biggest producer of wheat, sugar and rice could come as a relief for governments across Asia who are trying to combat food-led inflation,...

-The Hindu   Court wants Centre to “distribute foodgrains on an individual basis” The Supreme Court on Saturday asked the Planning Commission to revise the per capita norms to determine below poverty line looking to the price index of May 2011 or any other subsequent dates. A Bench of Justices Dalveer Bhandari and Deepak Verma, at a special sitting to hear the case relating to streamlining of the public distribution system, pointed out...

-ToI   The government patched together an intricate—and flawed—fertiliser system over the last 40 years. It now wants to dismantle that monster. The challenge before it is to preserve its pro-agriculture and pro-poor objective, while correcting the flaws that crept in, reports M Rajshekhar If it all goes to plan, buying or selling fertiliser will never be the same for the 120-odd companies that make up this Rs 1,00,000 crore industry or...