It will have no impact on domestic prices, says Pawar Union Food and Agriculture Minister Sharad Pawar on Wednesday said that the government will allow export of 5 lakh tonnes of sugar under Open General Licence by the end of this month after working out the modalities. All sugar mills would be allowed to take advantage of higher domestic sugar production and high global sugar prices.Mr. Pawar also announced a hike...

Prime Minister Manmohan Singh today appeared to back the environmental evangelism blessed by Rahul Gandhi and pursued by Jairam Ramesh, saying “the business practices of some corporate houses have come under intense public scrutiny for their perceived ethical deficit”.Although the Prime Minister’s statement, made at India Corporate Week, carries echoes of the corruption charges now swirling around the country, the preceding sentences suggest environment issues were on his mind.Immediately after...

While the lay public may have been shocked by the revelation of an often cosy relationship between public relations (PR) professionals and the media, brought out by the Niira Radia telephone tapes, few in the media or in business would have been surprised. Few editors and reporters today can say they have not been approached for “friendly stories” or threatened with ad blackouts or block access for failure to publish...

For the last two years since the Tatas dumped the Nano compound in Singur, chief minister Buddhadeb Bhattacharjee has never been to this area. On January 9, however, the CM will revisit the place, possibly with a New Year message. The occasion is a routine meeting of the Hooghly CPM, but Bhattacharjee's presence is likely to add a new dimension to the gathering, kicking off political speculation over whether the CM...

Prime Minister Manmohan Singh Tuesday said he was aware of the "nervousness in the corporate sector" over phone tapping and asked cabinet secretary KM Chandrasekhar to look into the matter and submit a report within a month. "I am aware of the nervousness in the corporate sector arising out of the powers conferred upon the government authorities to tap the phones for protecting national security and preventing tax evasion and money...