Edible oil prices soared almost 10%-Rs 6 to 8 per kg-in the last one month, piling up pressure on the already vulnerable food inflation. Palm oil, which accounts for nearly half of India's refined oil consumption, went up Rs 10 per kg following a sharp rally in international markets. India imported about eight million tonne, or half of its domestic vegetable oil requirement, last year. A weakening rupee has been another...

Though India has registered a record wheat and rice output, yields of major crops are much lower when compared with the production developed countries. According to the latest report of UN's food and agriculture body FAO, India lags behind badly in world average yield of rice, cotton, pulses while in wheat it is close to the global benchmark.  The FAO report relates to authenticated data up to year 2010. India is...

Protests marked the 10th anniversary of the introduction of genetically modified (GM) Bt cotton in the country. Angry farmers urged parliamentarians to hold a special session to discuss the issue and ban the technology. Charging a few seed companies, particularly Monsanto, with monopolising the seed industry and setting the agenda for the government, social activists urged policy-makers and farmers to reject the hype around Bt cotton and demanded a comprehensive review....

-The Times of India The government on Thursday sought to play down this paper's report of March 22 which stated that the Comptroller and Auditor General had estimated in its 110-page draft report that the coal ministry's decision to award 155 coal acreages without competitive bidding had led to "undue benefits" of Rs 10.67 lakh crore to private and public firms. With the report creating a storm in Parliament, leading to adjournment...

-PTI Taking note of the draft report of the Comptroller & Auditor General (CAG) on allotment of coal blocks without auction, the BJP on Thursday demanded a CBI probe into the allotment of coal blocks and monitoring of the probe by a court. "The coal allotment scam is a major scam. We demand a CBI probe and a court should monitor the probe. It is a government of scamsters (that is) involved...