Financial Express - India's leading business newspaper from the Indian Express Group

Crop losses may overshoot food subsidy bill

Insects, pests and weeds have developed 40 to 100% resistance to chemical pesticides and as a result, crop losses can be expected to increase further from the already staggering Rs 30,000 crore per annum a figure higher than India's annual food subsidy.

Industry set to fight move to drop NOC for foreign firms

The domestic industry is up in arms against the government's reported move to withdraw Press Note 18, which makes it mandatory for a foreign company to obtain a NOC from the existing local joint venture partner before setting up a wholly-owned subsidiary in the same line of business.

BLESS charges on BSE remain at 13 per cent

The BLESS charges at the BSE remained static at the weighted average of 13% on Saturday. The net outstanding carried forward also rose to Rs 3142.45 crore from the earlier level of Rs 2877.23 crore.

Maharashtra govt coalition allies reject Godbole committee terms

The constituents of the DF government in Maharashtra on Saturday announced their decision to step up agitation against the Dabhol power project and expressed serious displeasure over the terms of reference of the Madhav Godbole committee set up for reviewing the state energy sector and the impact of independent power projects.

Five-star hotels gain halos hosting world heroes

A rush of foreign visitors has given great prominence to the hotels hosting them. A great morale boost for the hotels concerned, and loads of publicity too. But when it comes to crunching numbers, there are very few to crunch.