An opportunity has been forsaken to strengthen our economic fundamentals while improving the lives of the people, increasing the divide between India Shining and India Suffering. While the people were hoping for relief in the current budget, the Finance Minister was faced with the task of reversing the slowing growth rate and raging inflation. He had a choice in this budget. He, however, chose a path that is going to worsen...

MGNREGS figures register a decline in desert State; Haryana forges ahead in the race Is the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), the much talked about flagship programme of the United Progressive Alliance government, losing steam in Rajasthan? Doubts over the credibility of the scheme have sprung up in the State that ironically pioneered the right to employment movement in the country. Today Rajasthan lags behind its neighbour Haryana in...

-The Hindu The Central Bureau of Investigation told the Supreme Court on Friday that the killings of Cherukuri Rajkumar alias Azad, spokesperson of the Communist Party of India (Maoist), and journalist Hemchandra Pandey by the Andhra Pradesh police on the night of July 1, 2010 were not a fake encounter as alleged in the petitions filed in the court. The CBI made the submission in its final investigation report filed before a...

The government introduced a retrospective clarification to the Income-Tax (I-T) Act, 1961, virtually amending the law to ensure that cross-border transactions such as the $11.08 billion (around Rs55,735 crore today) Vodafone-Hutchison deal are taxable. The Supreme Court had ruled this deal as not being taxable in India. The amendment becomes crucial because a review petition by the government on this case is pending before the Supreme Court, which might now have...

-IANS Farmers of Assam, that recently boasted of having a record rice harvest, are losing interest in paddy cultivation, saying they were facing financial ruin in the absence a minimum support price and adequate procurement centres for their produce. Rice production is going down as the Food Corporation of India (FCI) has not fixed the price to buy back the farmers’ produce, say farmers’ representatives. And there are only 20 FCI procurement...