The agriculture ministry has decided to drastically reduce the number of central schemes after it found that most of its schemes, barring a few like the Rashtriya Krishi Vikas Yojna (RKVY), have become redundant. The farm ministry thinks only 10 of the 51 existing schemes should be sufficient to take care of the sector. The total outlay for agriculture schemes is 15,034 crore. "It is true that many of our 51 schemes...

The curiosum of a ‘red regime’ with a knack to get re-elected term after term for over more than three decades within the ambit of a full-fledged multi-party democracy has finally disappeared. The Left Front, led by the Communist Party of India (Marxist), has not merely lost the poll in West Bengal, it has been made mincemeat of. Its vote share has come down from close to 50 per cent...

TARN TARAN, India—India's northern state of Punjab was once a symbol of the nation's economic progress, its advances in agriculture lauded world-wide as a spectacular feat that made India self-sufficient in food production. But Punjab today faces a grave economic crisis, the result of years of shoddy governance that have stunted growth and created such a mound of public debt that the state is now seeking a multibillion dollar bailout from...

The cheapest car in the world proved the costliest for a 34-year-old Left Front CPI-M government in India’s eastern state of West Bengal, as the communists lost the elections here by a wide margin. The outcome is the result of an anti-left movement that began in 2006 following the controversial takeover of farmland to create a manufacturing plant for Tata Motors’ small family vehicle called the ‘Nano’. A sweep by a regional...

Participants at a United Nations summit today outlined a 10-year plan to support the world’s most vulnerable countries overcome poverty, calling on the private sector to play a greater role in the fight, urging wealthy nations to step up their aid commitments and demanding the elimination of many trade barriers. The Istanbul Programme of Action to spur development and economic growth was made public at the end of the Fourth UN...