Prime Minister Manmohan Singh in a strong sounding speech in Parliament on Thursday said that "if there is a scam it must be dealt with the law of the land. Law of the land must punish the wrong doers". "Unfortunate developments have taken place in the areas of telecom and Commonwealth Games. I assure the House there is nothing we will not do to clean our public life," Manmohan Singh said. "Our...

Prime Minister Manmohan Singh today said food price rise was a “problem” and promised to take tackle it without affecting economic Growth. “Inflation in the last 18 months has become a problem. We stand committed to control inflation… By the end of this fiscal year, I hope the inflation will come down to 7 per cent,” Singh told the Lok Sabha. The latest food inflation figure has crossed 11.4 per cent...

The B S Yeddyurappa government rolled out a whole new slew of populist schemes in its 2011-12 revenue surplus Budget on Thursday, targeting an increase in the number of ‘direct beneficiaries’, especially in the agriculture sector. New schemes announced in Yeddyurappa’s Budget include a provision of Rs 10,000 each to 10 lakh small farmers in dry lands, reduction of interest rates on co-operative bank loans from three to one per...

With India growing faster than almost every other large economy, the government is right to address its long-run challenges. The push for investment in infrastructure is bearing fruit and the expansion of social programmes such as the National Rural Employment Guarantee Act (NREGA) and the Right to Education Act (RTE) is spreading the benefits of Growth across the population. But just as improved infrastructure doesn’t eliminate all traffic jams, rapid Growth...

Opening the reply to the President's Motion of Thanks on behalf of the Left parties in the Rajya Sabha on Wednesday, Communist Party of India (Marxist) leader Sitaram Yechury, demanded the stopping of the “loot” of public money in the form of concessions to corporates and high-end taxpayers. This relief, worth several lakhs of rupees, should be used to narrow the rich-poor divide, he added. Calling upon the government to shift policy...