The class bias in government policy is clear in the decision to release a small amount of foodgrain in the open market to tackle inflation. MOST people would agree that there is a strong element of speculation underlying the current inflation and that forward trading contributes to it. Yet the government, though it has banned forward trading in certain commodities under public pressure, is curiously reluctant to see this point....

The heat generated by the high food inflation may force the government to go slow, or even drop, some of its key proposals to open up the country's food and fertiliser sectors, experts say. Decontrolling sugar and urea and freeing up some farm exports are some of the proposals the government may not touch in the coming days, they say. The proposal on foreign direct investment in multi-brand retail may also...

Higher food prices pose a major threat to the global economy and social stability but policymakers must not over-regulate commodity markets, a senior World Bank official said on Thursday. Ngozi Okonjo-Iweala, managing director at the Washington-based bank, said rising food prices are squeezing the poor and contributing to social instability. "Higher food prices and volatility are one of the biggest threats to the global economic recovery and social stability. You saw...

The coal ministry has rejected the Planning Commission’s suggestion to allow phased extraction of coal from prohibited areas saying that the robust demand for coal from expanding steelmakers and power generators fast outpaces the plan to mine in stages. The Planning Commission had mooted the idea of phased coal mining in about 203 coalfields, that were earlier declared out-of-bounds for mining by the environment ministry. But strong mining potential at the restricted...

A 'savage preference for males' leads to the killing of 7 lakh girls by their parents in the mother's womb each year in India, according to a National Human Rights Commission (NHRC) member. NHRC member Satyabrata Pal also said that 25 percent of the children who see the light of day are underweight at birth, and 1.72 million children die before they turn one. 'The UNFPA (United Nations Population Fund) fears 2,000...