Janardhana Reddy insists he is not a king. No, no, no, he protested, as a servant trotted across the courtyard to deliver a cup of cooled water. Men with machine guns stood outside. An architect waited to discuss the new mansion, while another man hovered nearby, sitting in the grass. “He’s the state minister of health,” Mr. Reddy said of the man in the grass, who stood up, made a little...

The rise in global wheat prices by almost 50% in less than two months as commodity markets factor in a sharp drop in exportable surplus has not touched India, among world’s biggest producers and consumers of wheat. What’s more surprising, domestic futures prices too are unlikely to show any appreciable rise, going by the trend in India’s commodity markets. Barring minor blips, August and September wheat futures at NCDEX, largest exchange for...

Their ongoing negotiations remain shrouded in secrecy, but there are already reports that India and the European Union (EU) will have a free-trade agreement ready by the end of August, and that they will be putting signatures to it before the end of 2010. Yet it is a potential development that is causing more nervous chatter than joyous jitters here in India, where drug manufacturers in particular have raised concerns over...

Global fertiliser prices have started to hot up once again, in anticipation of tight supplies in 2010-11 and some significant mergers and acquisitions, which could increase the import bill for India and also make key soil nutrients expensive. In just the latter half of July, prices of key phosphatic fertilisers, urea, DAP, phosphate and potash have shot up in a marked manner. Between July 16 and July 29, phosphate prices...

Farmers' wholehearted support and their economic wellbeing are vital for creating a sustainable food security system in the country, according to eminent agriculture scientist M.S. Swaminathan. Wrapping up a session on food and nutrition security, held as part of a three-day conference on hunger and poverty here on Monday, he said those who expressed their views on the proposed national food security law should keep in mind the plight of farmers,...