The government on Thursday raised the benchmark prices at which fertiliser companies and designated traders can import phosphatic and potash fertilisers with subsidy support so that farmers have uninterrupted supply of plant nutrients in the coming monsoon season despite higher global prices. The subsidy given to companies for making the commodity available to farmers, is computed based on the notified benchmark prices. The decision to raise the prices of imported di-ammonium...

From the Prime Minister down, WikiLeaks has exposed the rotten state of the world's largest democracy for all to see. Food prices become intolerable for the poor. Protests against corruption paralyse Parliament. Then a series of American diplomatic cables released by the WikiLeaks exposes a brazenly mendacious and venal ruling class; the head of government adored by foreign business people and journalists loses his moral authority, turning into a lame duck. This...

By all indications, FDI in multi-brand retail is a fait accompli. Or so we have been told time and again by everyone, the PM downward. The “question is at what point of time it should be done”. This remark from Pranab Mukherjee in a post-budget TV interview may have revealed that the debate has moved beyond whether to permit FDI in multi-brand retailing—the lifeline of small- and medium-sized neighbourhood stores....

A section of Congress is set to back the demand of chief ministers of BJP and other Opposition-ruled states to reject the Seeds Bill, 2010, in its present form. Bihar Chief Minister Nitish Kumar, spearheading the campaign against the bill, has told Prime Minister Manmohan Singh and Agriculture Minister Sharad Pawar that the bill, whose avowed purpose is to facilitate production and supply of seeds of quality, will put the peasantry...

India's finance minister announced on Monday a food security bill for 2011/12, a measure that would provide cheap grains for millions of India's poor but which has sparked worries of a huge fiscal cost. It was one of the first signs of populism in the annual budget as Prime Minister Manmohan Singh confronted high prices and corruption scandals as well as elections in five states this year. In his ongoing budget speech,...