Right time for policy reform The government is set to face disappointment on its expectation that the fertiliser subsidy will go down sharply this year due to a softening of international prices of fertilisers. It now appears almost certain that the total payable subsidy in 2009-10 may be around Rs 70,000 crore, against the budgetary provision of under Rs 50,000 crore. Since the government has made it clear that no additional...

Food prices have hit a 10-year-high as supply shortages due to poor monsoon and floods in some parts finally bit hard, forcing a worried government to announce a step-up in imports and strengthening expectations of RBI tightening policy to stop a breakout of inflation in the wider economy. Prices of potato, other vegetables and pulses drove inflation to 19.95% in the year to December 5, surging from 19% in the...

A formal move to consider the removal of a sitting judge is extremely rare. In 1991, impeachment proceedings began against Justice V Ramaswami, but were later dropped due to lack of support in parliament. More recently, a judge of the Calcutta high court is facing impeachment. Now, 76 Rajya Sabha MPs - all from the opposition ranks - have put their signature to a petition seeking the removal of Karnataka...

The independence of the judiciary and the rule of law will be severely compromised if the integrity of the higher judiciary is not protected by an independent, informed, transparent, fair and robust process.  The former Chief Justice of India, P.B. Gajendragadkar, said: “Wise judges never forget that the best way to sustain the dignity and status of their office is to deserve respect from the public at large by the...

The Rajya Sabha on Wednesday passed by voice vote the contentious Essential Commodities (Amendment and Validation) Bill, 2009, (sugarcane pricing Bill) after the Central Government assured the House that State governments would not be required to pay the difference of the Fair and Remunerative Price (FRP) for sugarcane set by the Centre and the State Advised Price fixed by the States. On persistent requests by opposition members led by Venkiah...