-The Economic Times The government has increased the minimum support price (MSP) for the kharif season in a range of 16% to 53% to motivate farmers and compensate for higher input costs but the higher purchase prices could stoke food inflation further.  The Committee on Economic Affairs ( CCEA) on Thursday raised the MSP of paddy by Rs 170 per quintal and those of oilseeds like groundnut, sunflower seed and niger seed...

-Down to Earth WHO agency says there is compelling evidence to classify diesel fumes as deadly carcinogen along with tobacco, asbestos The International Agency for Research on Cancer (IARC), a part of the World Health Organization, gives its scientific verdict that diesel engine exhaust can cause lung cancer in humans. In its report released on June 12, IARC has reclassified diesel exhaust from its group 2A list of probable carcinogens to its...

If the government accepts oil minister S Jaipal Reddy's proposal, the price of small diesel cars could soon rise by Rs 1.7 lakh while medium-to-large guzzlers could become costlier by Rs 2.55 lakh a piece. The proposal to impose additional excise duty on diesel cars is bound to trigger protests from automakers, who have seen sales growing at the slowest pace in seven months in May. Domestic car sales declined 24%...

-Reuters Inflation may have accelerated at its fastest pace this year in May, driven by higher food and fuel prices, impeding chances of a rate cut by the central bank at its review next week, a Reuters poll showed. The wholesale price index, India's main inflation gauge, is expected to rise 7.60 percent in May versus a year ago, compared with April's 7.23 percent, the poll of 31 analysts showed. Forecasts ranged from...

There are major issues at stake in the Rio+20 Summit on Sustainable Development to be held on 20-22 June. Yet governments of developing countries have not given adequate importance to the run-up to the conference. As has happened in the climate change negotiations, the outcome draft now under negotiation shows a concerted move to rewrite the terms of global environmental governance. There is an attempt to push through the decidedly...