India's economy grew at a faster-than-expected rate of 7.9% in the three months to September, compared to the same period last year. The growth was helped by government stimulus spending. A boost in manufacturing and services helped the country expand at the fastest pace for 18 months. Some analysts said this could give the central bank room to raise interest rates as early as December to combat rising INFLATION. "This data...

Food prices are rising at a rate that neither consumers nor politicians can afford. On this, there is consensus. But on the more substantive question as to what should be done about it, there is more silence than disagreement. The Opposition wants to blame the government, the government wants to shift the blame to the states. But ultimately, there is only so much that food management can do when there...

Unprecedented rise in potato prices pushes up INFLATION  Food INFLATION soared to 15.58 per cent for the week ended November 14 in the wake of an unprecedented rise in the prices of potato and other essential items. Official data based on the Wholesale Price Index (WPI) released here on Thursday for the week revealed that while potato prices have more than doubled in the past 12 months, other basic food...

There is a new excitement in the air concerning higher education. It has been decided by the powers that be, warmly supported by the academic community, that turning selected colleges into universities will open the gates to a Valhalla of knowledge. A commission entrusted with the qualitative improvement of higher education has recommended that on top of some 350 universities and/or equivalent institutions, another 1,500 will be created by upgrading...

An ambitious human resource development ministry proposal aimed at ending persistent gaps between allocated and needed funds that plague the midday meal scheme has been rejected by a key finance panel. The Centre’s expenditure finance committee (EFC) has dumped the ministry proposal to tie costs of the meal scheme to fluctuating commodity prices through a special pricing index, The Telegraph has learnt. The EFC’s approval is mandatory for central proposals with...