Even a cursory glance at the daily newspaper reveals the economic mindset and the manipulation of that mindset into losing its sense of balance and well-being by the plethora of reports, articles and stories on the economic life of the Indian nation. There are all sorts of stories, statistics, credit appraisals, banking trends, FDI investment couched in the jargon of the modern economy that, curiously enough, seems to be so...

More suggestions that biofuels are not an environmental free lunch ONCE upon a time, biofuels were thought of as a solution to fossil-fuel dependence. Now they are widely seen as a boondoggle to agribusiness that hurts the environment and cheats taxpayers. A report commissioned by the United Nations endorses neither extreme. It gives high marks to some crop-based fuels and lambasts others. Meanwhile, two papers published in Science, a leading...

The Genetic Engineering Approval Committee (GEAC) today considered the approval of Bt Brinjal at their 97th meeting. Internal sources say that GEAC approved the environmental release of Bt Brinjal although there were three voices of dissent within the committee, including that of Supreme Court observer and noted molecular biologist Dr P.M Bhargava. It is further believed that committee’s recommendations have been sent for the final government approval for commercial release....

Government may cut the import duty on rice, says official  Paddy and sugarcane production may be lower owing to the floods Agriculture Commissioners of affected States assessing the situation Crucial paddy, onion, sugarcane, and horticulture crops have been lost in the floods in Karnataka, Andhra Pradesh and Maharashtra, though the quantum of loss is being assessed. Paddy and edible oil crops have already been affected by the drought in the northern States,...

Concern over the domestic economy should not result in barriers on free trade, according to Union Minister of State for Commerce and Industry Jyotiraditya Scindia. While the country would benefit from opening itself up further to international competition, he promised that the interests of farmers and labour-intensive industries would be protected. In a discussion with journalists from The Hindu group on Wednesday, Mr. Scindia defended the Free Trade Agreement (FTA)...