-The Economic Times Repressed, unrevised retail prices by fiat have led to rising diesel consumption nationwide, thoroughly misallocating resources and recklessly fretting away scarce budgetary funds in the bargain. The government needs to promptly decontrol diesel prices and put paid to open-ended oil consumption subsidies, as it has rightly proposed to in the Union Budget.  Further dither and non-decision would wreak havoc in government finances and hook the fiscal deficit figure over...

-IANS The Bharatiya Janata Party (BJP) has gagged at least two of its senior leaders in Chhattisgarh after they slammed their own government for not taking the Comptroller and Auditor General's (CAG) report seriously, sources say.  Top sources in the BJP here said former union minister and Lok Sabha MP Ramesh Bais and the former Lok Sabha MP Karuna Shukla were advised by the party to "restrain" themselves from making public statements...

As the government aims to cut subsidies to less than two per cent of the gross domestic product (GDP) in 2012-13 and 1.75 per cent over the next three years, several analysts believe the subsidy amount on the proposed food security law may not allow it to come into effect or be contained. Planning Commission member Abhijit Sen tells Dilasha Seth various subsidy figures on food security quoted by the...

-The Economic Times   The much-awaited Food Security Bill, which is being vetted by Parliamentary Standing Committee, may see some changes before being cleared. "The committee may go for universalising the distribution of grains to cover wider range of population," ministry sources said. According to the original bill, the government is planning to make foodgrain available at low prices only to 'CERTain' targeted sections, that is, the below-poverty line population dividing the...

The ministry of agriculture has advised all state government agencies to streamline the seed CERTification process to facilitate farmers in choosing high yielding seeds at a reasonable cost. The agencies have been advised to ask private companies to select four to five of their high yielding varieties while seeking CERTification, and bring both older and new verities. According to officials, private seed CERTification agencies usually come up with 20-25 varieties, annually, for...