-The Business Standard   The government’s move to allow an additional 0.5 million tonnes of sugar exports on top of one million tonnes permitted earlier is well intended. However, the total permissible exports are still not enough to adequately slash unsustainable inventories and improve the economic health of the sugar industry so that it can clear the mounting cane price dues. Given the robust rebound in sugar production in the current season (October...

-The Economic Times   The Supreme Court on Friday refused to ease its three-month old ban on the manufacture, sale and use of pesticide endosulfan despite an expert committee report favouring lifting the restrictions for all states except the worst-affected Kerala and Karnataka. However, a bench of Chief Justice S H Kapadia and Justices K S Radhakrishnan and Swatanter Kumar agreed to consider the industry's request for permission to export the...

India’s domestic wheat prices higher than international rates by around $100 per tonne; traders seek subsidy India’s food ministry will oppose a proposal to export wheat as it prefers to distribute the excess to the poor within the country, K.V. Thomas, Union minister of state (independent charge) for consumer affairs, food and public distribution, said on Thursday. “We want the wheat produced by our farmers to be distributed here first,” Thomas said,...

The Centre's food subsidy bill, incurred mainly on account of reimbursemnet of economic costs to theFood Corporation of India for grain procurement, holding and transportation, has shot up by a whopping Rs 34,738 crore compared to the budgetary allocation for 2011-12. This is mainly due to government buys of a record foodgrain crop in the 2010-11 agricultural year (july-june).The original subsidy for the year was estimated at Rs 47,239.8 crore....

July is a month when we need to remind ourselves how reforms have changed India since 1991, from vulnerability to resilience, whether to external shocks (say, oil) or internal ones (droughts). In 2009, we witnessed the worst drought since 1972, yet the agricultural growth rate stayed positive (0.4%), nor did we resort to any major cereal imports. And in 2010-11, we are likely to have a record harvest of 241 million...