One is almost certain to hear this from an economist that if something is available at free of cost or at a subsidised rate thanks to government intervention, then people tend to overuse or overconsume such goods/ commodities. So, the best solution is to create a market for such 'almost freely available' or 'highly subsidised' goods or commodities. Once people start paying to use or consume such goods/ commodities, they...

-The Hindu Lower surplus, higher prices could help reduce arrears to farmers in poll bound U.P. and Punjab Unseasonal rains in Uttar Pradesh and a higher diversion to ethanol production are likely to result in a drop in sugar production this year, according to industry estimates. With average retail sugar prices also on the rise, a reduction in surplus sugar could help speed up cane payments by mills and reduce their pending...

-NDTV.com Union Agriculture Minister Narendra Singh Tomar has admitted that there is a slight shortage of DAP and blamed international prices. Bhopal: Long queues and loud protests by farmers can be seen across Madhya Pradesh as the acute shortage of fertilisers in the peak harvesting season drags on. In Ashok Nagar, about 190 km from state capital Bhopal, hundreds of farmers have been sleeping outside the Mungaoli block headquarters so that they can...

-Hindustan Times Rising prices of edible oils have dampened the mood ahead of the festive season.  The central government on Friday expressed hope that key oilseeds and edible oil-producing states will begin implementing stock limits from next week. It will further help in cooling down the prices and bring some relief to consumers amid the festive season, the government said. The central government said that it took measures to reduce edible oil prices...

-Hindustan Times Edible-oil prices continue to be dearer due to high global prices, prompting the Union government last week to tighten measures Vegetable prices, especially of tomato and onion, have risen in urban centres, including the national capital, on the back of higher fuel prices and damage to summer crops due to heavy rains, wholesale and retail trade data showed on Sunday.  Edible-oil prices continue to be dearer due to high global prices,...