-PTI   Having already crossed the fiscal deficit target in November, Finance Minister Arun Jaitley on Friday hinted at more cuts in spending so as to contain it within limits for the current fiscal, saying he does not believe in living on borrowed money. "We're trying to rationalise expenditure as far as the government is concerned because we do not want the government to live on borrowed money indefinitely," he told a gathering...

-The Financial Express   With the High Level Committee (HLC) on restructuring FCI pointing to a 47% leakage in the 55 million tonnes of grain distributed through ration shops, the only viable solution is to shut down the PDS as the HLC has recommended be done over a period of time. Not surprisingly, many have argued that, in States that have restructured their ration shop operations-such as Chhattisgarh-there has been a dramatic...

-NationalGeographic.com The severe and ongoing depletion of underground water supplies in India poses a growing threat to the nation's food security. Without serious efforts to stem the mining of groundwater, food production will decline, unleashing painful social and economic consequences for this nation of 1.25 billion people. All four of the world's top irrigators - China, India, Pakistan and the United States - are pumping groundwater faster than it is being replenished...

-The Indian Express Chandigarh: A panel of experts appointed by the Himachal Pradesh government has said that popular opposition to large hydel power projects on the Sutlej is being fanned by the establishment's "indifference" to the problems of the people. The panel has rejected the conclusions of a report prepared earlier for the union government, which had said that the adverse impact of the projects can be mitigated by suitable measures. "...Opposition to...

-The Indian Express In yet another indication of the dismal performance of the scheme this financial year, less than 3 per cent households were able to complete the promised 100 days of employment under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) this year, effectively meaning that 97 per cent of the beneficiaries have not been able to use the scheme to its maximum intended capacity. Introduced in February 2006, MGNREGA...