-Reuters Cotton farmer Ravindra Krishna Patil in Maharashtra should be feeling flush after strong monsoon rains and a good crop, but high costs have cast a pall over his preparations for the festive season. Instead of splashing out on gold jewellery, appliances or maybe even a car during the biggest shopping season of the year, 28-year-old Patil must count his rupees after costs of everything from fuel to labour soared while cotton...
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Subsidising through prices: A bad idea by Bibek Debroy
The acronym LPG has several expansions. It stands for liquefied petroleum gas. It stands for liberalisation, privatisation and globalisation, a term of abuse used by those with Leftwing persuasions. It stands for life plundered by the government, sentiments associated with those who are against state intervention, but increasingly felt by the so-called middle class - however defined - because of price hikes, and proposed price hikes, for petroleum products. Ostensibly, price...
More »Farmers' innovative work should be rewarded: Pawar
-The Times of India Speaking at a seminar organized for honouring farmers here on Saturday, Union agriculture minister Sharad Pawar announced that awards should be instituted by all states for honouring innovative work done by farmers in the country. "Rajasthan has already started honouring farmers for their innovative work. The other states should also follow it. I will write to chief ministers of other states to start honouring farmers and give away...
More »Petrol-diesel cost gap widens; environment pays the price by Sandeep Joshi
30 per cent of cars sold last year were with diesel engines The growing gap between the prices of petrol and diesel has given a boost to the sale of diesel cars even as environmentalists cry foul over the public health impact due to the increasing use of diesel, which is also referred to as “dirty fuel” in Indian cities. While petrol consumers are paying market-linked prices of Rs. 66.84 per litre...
More »Shockingly insensitive
-The Hindu Nothing is more reflective of the confusion and mix-up of priorities of the United Progressive Alliance government than the mismanagement of fuel pricing. While struggling to control inflation through monetary policy, the government sees no problem in allowing oil marketing companies to continually raise the price of petrol. The latest hike, by more than Rs.3 a litre, comes on top of the two substantial increases earlier this year. Although...
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