-PTI Amid widening fiscal deficit, Prime Minister's economic advisory panel today suggested aligning Diesel prices to global market in a phased manner and also raising excise and service taxes to pre-crisis level of 12%. Releasing the Review of the Economy: 2011-12, Chairman of Prime Minister's Economic Advisory Council (PMEAC) C Rangarajan also pitched for deregulation of urea prices. Expressing concern over high fiscal deficit which is expected to overshoot the target of 4.6%...

Rural development minister Jairam Ramesh is seeking doubling of funds for water supply and sanitation programmes to Rs 20,000 crore in the upcoming budget, arguing that it is high time the Centre focused on this neglected sector.  Ramesh, who holds the additional charge of the ministry of drinking water and sanitation, has indicated that he is unwilling to settle for anything short of Rs 16,000 crore. The finance ministry has, so...

The government appears to be working towards an amicable solution on the question of who can collect biometric information data for the Indian population. There has been disagreement about whether this will be done by the UIDAI headed by Nandan Nilekani, or the National Population Register headed by Home Minister P. Chidambaram. It now seems that both may continue to collect data but share its use. When any country sets about...

Yesterday was the last day of the Auto Expo 2012 in New Delhi. It should have been the first day of ending our obsession with cars and instead, realise what this fascination is doing to our insides.  Over a decade ago, Delhi was a heroic city. It had successfully reduced air pollution by shifting buses and three-wheelers from Diesel to CNG. But now, Delhi's residents are choking again. Recently, this paper...

Agrarian distress and growing awareness among farmers, tired of poll-time rhetoric and freebies, may make it tougher for political parties to woo this large electorate with worn-out promises in the upcoming assembly polls.  Ahead of elections in five states, including in Uttar Pradesh, the country's most populous and politically-critical state, many farmers say they are ready to pay market rates for power and other inputs provided there is reliable supply.  Swarn Singh,...