-The Economic Times   Decontrol of urea is likely to affect agricultural production adversely for several reasons. First, it will immediately push up prices of all nitrogenous fertilisers and reduce their usage, thereby lowering crop yields.  Second, it may also lead to increase in the prices of DAP and other mixed fertilisers due to shift in demand in their favour. Urea decontrol may not result in more balanced use of N, P and...

Indian agriculture can be transformed into a healthy and vibrant system, where farmers’ suicides are relegated to history. As we enter 2010, the script for a futuristic agriculture which brings back the smile on the face of the Indian farmer, without leaving any scar on the environment, is being rewritten. What began as a small initiative some six years back in a non-descript village in Khamam district, has now spread to over...

The Prime Minister's Economic Advisory Council has suggested a complex combination of three pricing models to fix retail prices of 348 essential drugs to balance industry's concerns and public health. The proposal, however, has drawn the ire of drug makers who say it is a watered down version of the health ministry's proposals. The council has proposed that for medicines facing "insufficient competition" or a monopoly-like situation, the retail price should...

The medicine price regulator, the National Pharmaceutical Pricing Authority (NPPA), has found a price fixing mechanism suggested by its parent ministry, chemicals and fertilisers, has failed to meaningfully lower the prices of key cancer medicines. A group of ministers (GoM) headed by agriculture minister Sharad Pawar is expected to meet soon to finalise a pricing policy on drugs. The NPPA study findings may compel the ministry to seek other effective ways of...

“Huge subsidy on chemical fertilisers unmindful, useless” Small and marginal farmers have raised the demand for special allocation for organic farming and ecological fertilisation in the forthcoming budget, which finance minister Pranab Mukherjee will present on March 16. According to them, chemical fertilisers, the subsidy for which is likely to touch Rs 1 lakh crore in 2011-12,  are not benefitting the soil and are burdening them with high-cost cultivation instead. “The government...