-Express News Service Branding the Adarsh scam a “classic example of the fence eating the crops” and “how a select and powerful elite could collude to subvert rules and regulations for personal benefit” , the Comptroller and Auditor General has slammed the government and officials in its audit of the Adarsh Cooperative Housing Society. The report, that was tabled in the Assembly on Friday, called the entire Adarsh episode a remarkable case...

The central government claims that allowing foreign direct investment into India’s retail sector will benefit small farmers, expand employment and lower food inflation. What has been the experience in India with organised retail so far and what has been the global experience with FDI? Sukhpal Singh (sukhpal@iegindia.org) is currently at the Institute of Economic Growth, Delhi. After being under relentless attack for a week, the United Progressiv Alliance government was forced to...

-IANS   Concerned over the poor 11 percent fund utilisation of the Rahul Gandhi-driven Bundelkhand package worth Rs.7,000 crore, the central government will review its performance Monday.   Following Congress general secretary Rahul Gandhi's intervention, the central government had sanctioned Rs.7,000 crore package two years ago for development of the backward Bundelkhand region, spread across Uttar Pradesh and Madhya Pradesh.   Even as politics hots up in the run up to the Uttar Pradesh assembly elections...

-The Telegraph   RBI governor D. Subbarao has expressed concern over Bengal’s low credit-deposit ratio, which means that funds from the cash-starved state are actually meeting the borrowing needs elsewhere. The erstwhile Left government used to blame banks for the skewed ratio. But bankers have blamed it on the poor credit absorption capacity of rural Bengal because of fragmented land holdings — a fallout of the land reforms. After a meeting with chief minister...

Some time ago, newspapers in Britain carried full-page advertisements from the curiously named British Pig Association. This consortium of pig farmers was clamouring publicly that the supermarket chains were squeezing the farmers dry. Alongside them, Britain’s dairy farmers complained that a supermarket cartel was paring down their prices, while production costs went up and up. These farmers too have powerful lobbies; they are still in business. To this end, Britain, like...