Economic Times: The government has decided not to encourage biofuels at the cost of foodgrain production. While a policy for biofuels has been cleared last week and targets have been set to step up diesel blending, senior government officials are of the view that no foodgrain or oil-seed should be used for producing biofuels. The idea is to prevent a repeat of the American experience where diversion of corn for ethanol production is being blamed for foodgrain price spurt across the globe. Therefore, …