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Govt. LPG subsidy capped at Rs. 20 a kg -Puja Mehra

-The Hindu The Union government has also decided to resume providing subsidy on cooking gas through direct cash transfers straight into consumers' bank accounts. The Modi government has frozen the budget subsidy for cooking gas at Rs. 20 a kg. This will not mean any increase in price for the consumer right away. However, if international prices were to rise, as they normally do in winter, then the government will be faced with...

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Farm distress looms as global crop prices crash after 10-year bull run -Harish Damodaran

-The Indian Express For the last 10 years, farmers in India benefited from both increased production and higher price realisations - leading to rising rural incomes and declining poverty rates. That happy story may now be near its end - which could be the precursor to a renewed crisis in agriculture. The main reason is declining global prices for most agri-commodities (see Table 1). Over the last five-six months, corn, wheat and...

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Setting diesel free is a good idea -Paranjoy Guha Thakurta

-TheGoan.net As had been anticipated, on October 18, the Cabinet Committee of Economic Affairs chaired by Prime Minister Narendra Modi decided to decontrol the prices of diesel, the most widely-used petroleum product in the country. Riding on an unexpected fall in world prices of crude oil, the government was able to simultaneously announce a sharp fall in consumer prices of diesel by Rs 3.37 per litre (in Delhi). But the decision...

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Govt to bring in ordinance for auction of coal blocks to private firms

-The Hindustan Times The government plans to put up coal mines for bidding by private steel, power and cement companies and introduce changes in the law to enable commercial mining in the future, signalling its intent to fully open the sector to private players. The new auction-based system will replace the earlier controversial policy of allotting coal blocks based on recommendations of a panel of bureaucrats, which the Supreme Court had struck...

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A food system for the future -Paul Polman & Marc Van Ameringen

-The Hindu The world cannot afford to talk about hunger without addressing climate change, food production without sustainability or growth without good nutrition With the world's population predicted to reach 9 billion by 2050, we collectively face a dual challenge: ensuring that everyone will have access to affordable, nutritious food without decimating the earth's natural resources in the process. This is easier said than done. Our current food system is dysfunctional both...

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