Singapore spot market, not production costs, driving Indian petrol price Have you ever wondered why when petrol prices go up or down they do so uniformly across the retail outlets of the three oil marketing companies — Indian Oil, Hindustan Petroleum and Bharat Petroleum? If they are three different companies with their own refineries and distribution systems, then surely their costs and selling prices must be different? Welcome to the strange world...

-The Economic Times   The Ministry of Agriculture provides assistance to farmers for remunerative returns to farmers and to ensure adequate supply of fruits and vegetables to consumers, under National Horticulture Mission and Horticulture Mission for North-East and Himalayan States ( HMNEH).  This includes assistance for cultivation, establishment of cold storages, setting up of terminal markets, wholesale markets and rural primary markets/apni mandies. National Horticulture Board is also implementing various schemes.  Further, the Ministry...

Industrialised countries are increasingly outsourcing part of their emissions of greenhouse gases to emerging economies such as China and India through global trade, a new study has revealed. The study by an international team of scientists has also shown that greenhouse gas emissions in the atmosphere have rocketed to unprecedented levels despite the global financial crisis (GFC) two years ago. Although the GFC did lead to a temporary dip in emissions from...

After so many wrongs, the Planning Commission may have just got it right. According to leaked accounts, its universal health coverage proposal may become reality as early as the next five-year Plan. Once this policy is in place, India can legitimately enter the club of welfare states through the front door. Now, at last, it has a scheme that is truly inclusive for it includes us all. When implemented, this measure...

Five States did manage a significant decline in the average number of farm suicides between 2003 and 2010. However, more States have reported increases over the same period. The television story was genuine and sensitive. At least 90 farmers, it said, had committed suicide in two months in Andhra Pradesh. These were cotton growers. Actually, last year, Andhra farmers killed themselves at the rate of 210 each month on average, according...