-The Hindu Haemophilia patients dependent on U.S. drug likely to be worst-hit. In a move that could inflate the cost of essential life-saving imported drugs, the Finance Ministry has withdrawn exemption of 76 medicines from customs duties. The list includes 10 HIV drugs and at least four cancer drugs, but haemophilia patients are likely to be the most affected by the decision. Haemophilia is a genetic disorder in which the patient tends to...

-Down to Earth International Prices of basmati have been declining over the last two years With prices of grains and cereals plummeting worldwide, basmati rice exporters have urged the Union commerce ministry to include packaged basmati rice in the Merchandise Export from India Scheme (MEIS). MEIS allows exporters of certain goods access to “Free on Board (FOB)” value, which means the shipping charges are borne by the importer instead of the exporter....

-The Times of India NEW DELHI: The Intelligence Bureau (IB) has alerted the government about importers of pulses resorting to cartels to make a killing this year on red lentils (masoor). The report has named companies that are buying masoor in large quantities and cornering stocks in Canada, which is the largest exporter of red lentils to India. According to rough estimates, last year dal importers had reportedly made around Rs 3,500...

-PTI "The government, going by the price it is paying for international crude oil, should be selling petrol at Rs. 19.40 per litre instead of Rs. 59.03 per litre." Congress on Friday reacted sharply to the government’s handling of petrol and diesel prices accusing it of “giving a penny and extracting a pound” and attacked the Prime Minister for “playing a cruel and diabolic game with the people of the country.” “The government,...

-The Financial Express Turning agriculture around should be the top priority of government in the new year. India became the world’s fastest-growing economy in 2015. Indian agriculture, however, fared much worse. Agriculture grew only by 0.2% in FY15. Two consecutive years of drought, unseasonal rains in rabi season and falling food prices in global markets have driven farmers to desperation. Turning agriculture around should be the top priority of government in the...