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 colossal hubris, ignorance and smugness of India’s nuclear czars take one’s breath away. The day Japan’s crisis took a decisive turn for the worse, with an explosion in a third Fukushima reactor and fresh radiation leaks, Department of Atomic Energy (DAE) secretary Sreekumar Banerjee declared that the nuclear crisis “was purely a chemical reaction and not a nuclear emergency as described by some section(s) of media”. Nuclear Power Corporation...

“Budget is more than a document of income and expenditure. People expect it to tackle the twin problems of poverty and social injustice while ensuring better income and standard of living.” Country’s first woman Finance Minister of any state government, Upinderjit Kaur, said this while presenting her first budget and last of the present Akali-BJP government on Monday. With the state slated to go to polls early next year, the Rs...

The recently concluded 15th Indian National Census is an exercise of staggering magnitude — by any standard. For perspective: the decennial Census covered an area of 3.27 million sq. kms, that included 640 districts, 5,767 tehsils, 7,742 towns and over 600 villages. Primary data on 1.2 billion people would be collected by over 2 million enumerators, specially trained for the purpose. The total cost of the exercise is conservatively estimated...

India has inked 20 MoUs in the field of agriculture with U.S., Russia, Italy and others in the last three years for cooperation in research and development and capacity building, Parliament was informed today. Besides fostering bilateral partnership, India also entered into agreement in the farm sector in multilateral format. Broad based and inclusive multilateral cooperation is pursued through international organisations such as Food & Agriculture Organisation (FAO), World Food Programme (WFP)...