The Congress-led United Progressive Alliance (UPA) on Friday signalled its intent to deregulate the sugar industry, a move that could potentially stoke a political backlash, especially at a time when states like Uttar Pradesh, Punjab and Uttarakhand—all sugarcane-growing regions—are in the middle of an election campaign. The opposition claimed that not only was it anti-farmer, it also violated the electoral code of conduct prevalent in five states, while sugar stocks of...

-The Hindu   They were objecting to ‘forcible' land acquisition for power project At least two dozen farmers were injured when the police resorted to a baton charge in the early hours of Thursday to break up their agitation against land acquisition in front of the Deputy Commissioner's office at Gobindpura of Punjab's Mansa district. The farmers, owing allegiance to 17 organisations, were protesting against what they called forcible acquisition of fertile land across...

A host of steel-manufacturing units are keen to set up plants in Karnataka, and all want captive mines. SOUTH KOREA'S Posco is not the only steel-maker keen to do business in Karnataka. The State's estimated 9,000 million tonnes of good-quality iron ore reserves, which is the second largest in India, the State government's assurances on a smooth land acquisition process, the availability of water and the promise of speedy regulatory clearances...

The Union government on Thursday allowed export of another tranche of 5 lakh tonnes of sugar under the Open General Licenses in the wake of improved production this year. Union Food Minister K.V. Thomas said this after a meeting of the Empowered Group of Ministers (EGoM) that was chaired by Finance Minister Pranab Mukherjee. In April, a similar quantity was allowed to be exported. Mill owners had demanded export of additional 10...

The countrywide share of corporate retail in food distribution tripled in the past four years when retail food prices showed the greatest increase. THE dramatic increase in food inflation over the past two years has been associated with several surprises. One major surprise has been how the top economic policymakers in the country have responded to it. The initial response was one of apparent disbelief, followed very quickly by the...