Rain gods have always influenced the destiny of the Indian economy

It's almost a replay of the 1973 oil shock. Even though the circumstances behind the current price rise, and even the rise itself, are less dramatic than in 1973, the impact is no less debilitating, particularly for India. Crude prices are now ruling at $135 (Rs 5,805) per barrel levels, as a result of supply worries, burgeoning global demand and the weakening of the dollar. Investment bank Goldman Sachs has predicted that oil prices will soon hit $200 (Rs 8,600) per barrel.

Sops to developing countries could break the Doha deadlock.

Moves are afoot to ring in reforms in the fertiliser sector. A Group of Ministers (GoM) on fertilisers headed by the agriculture minister, Sharad Pawar, has given its in-principle nod to the Department of Fertilisers' proposal to have an independent regulator for the sector. J. Sreedhara Sarma, Secretary, Ministry of Chemicals and Fertilisers, told Business Today that the "

The government hopes that bio-fuels, especially jatropha, will replace 20 per cent of India