Global business abhors uncertainty. The ministerial-level corruption in UPA-II has slowed FDI and FII inflows. The stock market, despite double-digit corporate profit and 8.6% GDP growth, reflects the anxiety of Indian and foreign investors. To take India's growth story forward in the 20th year of economic reforms, political reforms must catch up. Misgovernance won't do in a globalised, interconnected world. Two kinds of political corruption blight India: episodical and ongoing. Episodical...

The World Bank and the United Nations have hailed it as one of the best health insurance schemes around the globe. Finance Minister Pranab Mukherjee's Budget called this UPA flagship, the Rashtriya Swasthya Bima Yojana (RSBY), an 'effective instrument' for providing basic health cover to the poor. Yet, UPA-ruled states have virtually disowned the scheme - just 11% of the scheme's Rs 2.31 crore active beneficiaries are in UPA-run territories, an...

Food inflation, hovering in the double digits, may play spoilsport to India’s ability to continue its rapid economic growth. It is truly troubling that food still consumes half of the expenditure of the average Indian household. No wonder a sharp spike in onion prices has the potential to upset the political calculus of social stability. India’s biggest challenge still remains ensuring food and nutritional security to its masses. Notwithstanding the nation’s...

Pune district administration inspects hill city site Report to be submitted to Environment Ministry We have the required permissions: Lavasa A site inspection of the Lavasa hill city conducted by the Pune district administration has revealed that 7,78,86, 600 cubic feet of mining has been conducted in two villages by Lavasa Corporation Limited (LCL). The comprehensive data regarding the remaining 17 villages is still being consolidated by the authorities, according to Pune Additional...

“Our plants' design, method of storing spent fuel are different” Evolving situation; scientists will come back with more conclusive answers: Shivshankar Menon More safeguards needed as part of environmental clearance at Jaitapur: Jairam Ramesh Top officials of the nuclear establishment on Wednesday assured Prime Minister Manmohan Singh that a nuclear catastrophe similar to the one that is devastating Japan is most unlikely to happen here. National Security Adviser Shivshankar Menon said the officials noted...