In a move that could hurt millions of farmers, the government plans to increase the price of Urea and link it to the price of gas in an attempt to reduce its burgeoning fertilizer subsidy bill. Urea is the only fertilizer that has a maximum retail price (MRP) still controlled by the government, which deregulated those of all others in April 2010. Urea sells in the market at Rs.5,310 per tonne,...

-The Times of India Making a strong pitch for raising diesel prices, Prime Minister's Economic Advisory Council chairman C Rangarajan on Wednesday said there was a need to revise prices to reduce the huge subsidy burden and bring down the fiscal deficit.  While releasing the economic review for 2011-12, Rangarajan said it was earlier agreed to deregulate diesel prices but the decision was never implemented. He advocated a phased deregulation of diesel...

-PTI Amid widening fiscal deficit, Prime Minister's economic advisory panel today suggested aligning diesel prices to global market in a phased manner and also raising excise and service taxes to pre-crisis level of 12%. Releasing the Review of the Economy: 2011-12, Chairman of Prime Minister's Economic Advisory Council (PMEAC) C Rangarajan also pitched for deregulation of Urea prices. Expressing concern over high fiscal deficit which is expected to overshoot the target of 4.6%...

Jharkhand’s milky way to good health is in serious jeopardy. All the 13 dairy samples collected from Ranchi last month have tested low on nutrients, corroborating a report collated by a central agency that suggested large-scale adulteration of milk. Though the state food controller has ruled out hazardous chemical contaminants, the veracity of his statement will be determined when the detailed laboratory report comes out on Monday. Alarmed by the Food Safety...

-The Financial Express   Bhim can't understand what he's done wrong.   Before dawn every day he joins hundreds of wholesale traders at Delhi's Azadpur Mandi, a sprawling, chaotic market where trucks blare Bollywood music, porters haul huge brown sacks of fruit and vegetables and hawkers ply tea and cigarettes. His own trade is in rosy red apples, laced with calcium carbide. Bhim says he's been adding chemicals to his apples for years to artificially ripen...