Inflation declined marginally to a 10-month low of 8.58% in October, prompting policymakers to proclaim victory in their effort to cool prices, but economists remained sceptical saying the fight is far from over. The decline was mainly due a fall in food inflation to 14.13% from 15.71% in September and the base effect, or higher inflation of last year, data released on Monday showed. Finance Minister Pranab Mukherjee said the full impact...

The country’s attention may be focused on an ever-increasing energy needs, but water is a much bigger issue, says a key policymaker in the government. “Water crisis is a more serious issue than energy crisis,” said Montek Singh Ahluwalia , deputy chairman of Planning commission, at the World Economic Forum on Sunday. Speaking at a session on ‘How will India avert a Water Crisis?’ Mr Ahluwalia said that that the government...

For Sonia Gandhi, the change could not have been more dramatic. Just last year, her contribution in pushing for the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) was hailed as the single largest reason for the fresh mandate received by a government avowedly dedicated to the aam aadmi. Yet, last week, Gandhi, as chairperson of the National Advisory Council (NAC) was reduced to lodging a complaint with Prime Minister...

There have been reports that as many as 150 persons including children reportedly died in Bihar and Madhya Pradesh in the last year. However, Minister of State for Agriculture KV Thomas in his reply to Parliament earlier this week claimed there were no starvation deaths in the country during the last year. “No state government, Union Territory administration has reported any incidence of starvation death during last three years,” he said...

India's telecommunications minister A Raja has resigned over claims that licences had been improperly given to mobile phone firms. He said he was quitting "to avoid embarrassment to the government". He denies wrongdoing. Opposition has been protesting over Mr Raja's alleged role in the sale of second generation (2G) licences. Federal auditors reportedly estimate that billions of dollars were lost as a result. Mr Raja - who belongs to the DMK party, an ally...