-The Business Standard   It is not often that the government accepts the report of a committee promptly without detailed scrutiny. But an exception has been made – and with good reasons – in respect of the report of the task force on reforming the public distribution system (PDS). The committee, headed by Unique Identification Authority of India Chairman Nandan Nilekani, has made several valuable recommendations that can cure some of the...

-The Business Standard   The new grain pricing policy for 2012-13 rabi marketing season seems a half-hearted attempt to make farmers grow more oilseeds and pulses, which are in short supply. This is apparent from a hefty hike of Rs 650 to Rs 700 a quintal, or around 35 per cent, in the minimum support prices (MSPs) of oilseeds and pulses and a relatively modest increase of Rs 115, or 10 per...

The Centre is exploring the possibility of introducing different petrol prices for two-wheelers and cars in an attempt to combat a perception that it is insensitive to the plight of the common people. Facing a flurry of protests from allies, Opposition parties and consumer groups against the hike in petrol prices last week, senior cabinet ministers are considering whether differential pricing is possible to insulate users of two-wheelers and three-wheelers from...

-The Telegraph   A debt-ridden farmer killed himself in Burdwan last evening after complaining of poor prices for his produce — a seemingly incongruous reality in the middle of a countrywide uproar over rising prices. Madhab Ghosh, 62, perhaps the first farmer whose suicide has been reported since the Mamata Banerjee government took over in May, drank pesticide around 6pm at his home at Jatka village in Raina, Burdwan. Madhab cultivated seven bighas or...

Potato acreage in India is likely to drop by 15-20% in the new season. Farmers suffered last year due to a decline in prices following a higher production. According to an initial estimate, the losses could run into few thousand crores with Bengal farmers suffering the most. In this backdrop, a further expansion in area could weaken the prices even as sowing has started across Uttar Pradesh, Bengal, Bihar and Punjab....