Environment and Forests Minister Jairam Ramesh Friday called for corrections in the fiscal policy to discourage luxurious cars like BMW and Audi in the country as they were a major source of greenhouse gases. Speaking at a workshop on 'Promoting Low Carbon Transport in India' here, Ramesh said there was no need to subsidise diesel as it only helped the sale of luxurious cars in the country. "We don't need subsidy in...

Accusing the NDA government of Bihar of being 'anti-farmer', opposition RJD today alleged that the state had witnessed a negative agriculture growth rate during its term. Contrary to the agriculture growth rate of 7.74% during the Rabri Devi regime between 2001 to 2005, the farm sector's output nosedived to register a negative growth rate when the NDA goverment took over in November 2006, RJD national spokesperson Md Iliyas Hussain told reporters...

The government is considering several options to rationalise the subsidy on cooking gas such as excluding income tax payers from getting subsidised cylinders, limiting availability per household and higher prices for urban customers to provide this clean fuel in rural areas. “Those who can afford must pay the full price, while subsidised LPG should be made available to the poor,” an oil ministry official said adding that the ministry has...

Farmers in drought hit districts in this unusually heavy rains monsoon season will get a Diesel Subsidy of Rs 500 per hectare, agriculture minister Sharad Pawar announced here on Friday at the start of the National Conference on Rabi Campaign, even as the Centre awaits bumper crop production for most key Kharif crops including paddy, pulses, coarse cereals and sugarcane. Oilseeds are the only crop where acreage is lower than...

Output of major crops, including sugar, will be better or equal to 2008-09’s production figures, but food prices are unlikely to return to that year’s levels. Food inflation may have permanently changed to stay on the higher side, economists have said. For a UPA government battling high prices, this could be a gloomy piece of news. A surplus monsoon has boosted acreages of all crops, according to food ministry figures. Output of...