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Single price for LPG, norms direct subsidy transfer soon

-The Business Standard A decision has been taken to gradually initiate Aadhaar and non-Aadhaar based LPG subsidy transfer through the OMCs  Having capped subsidised LPG cylinder to six, the government plans to move to a single price for domestic LPG by directly transferring subsidy to consumers with or without Aadhaar number. A committee of officials from ministries of petroleum, banking, expenditure, finance and UIDAI will prepare a white paper on the modalities...

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Vadra: 'A little help from my friends'

-The Business Standard If Mr Vadra had to count his friends in the real estate business, they would be Corporation Bank, the Haryana government and DLF  Robert Vadra, who is at the centre of a controversy over his property dealings with realty giant DLF and others, began investing in real estate five years ago, in 2007-08. He was already a wealthy man by then, not a struggling businessman who could scrape only...

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Shift rice production from Punjab to eastern states: Experts-Sutanuka Ghosal & Rituraj Tiwari

-The Economic Times With reports of groundwater level going down in Punjab and Haryana, considered the rice bowl of India, scientists and analysts suggest its cultivation be shifted to eastern states which have better water resources. They say Punjab and Haryana should focus on basmati rice, which is largely exported, and the eastern states should produce non-basmati varieties for meeting the domestic demand. Talking to ET, Dr Swapan Kumar Dutta, deputy director general...

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US retail giant Walmart to source locally in India-Dipti Jain

-The Times of India GURGAON: US retail giant Walmart is planning a series of partnerships with small and mid-level suppliers in India across product categories to create a big list of private label brands that will be priced substantially lower - as much as 10-15% - than established products and brands. The move is part of the company's strategy to go deeper into the Indian market and create cost-effective and efficient...

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Get off the ban wagon

-The Indian Express The export-import policy for farm products needs to be consistent and predictable Sal seeds are obtained from Orissa-based tribals for money that would not compensate them for even the cost of a bus ride to the state capital Bhubaneswar. The produce is, however, valuable as it is converted to sal seed butter, used in Europe by the chocolate industry. But one of the world’s fastest-growing chocolate markets, India, does...

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