TARN TARAN, India—India's northern state of Punjab was once a symbol of the nation's economic progress, its advances in agriculture lauded world-wide as a spectacular feat that made India self-sufficient in food production. But Punjab today faces a grave economic crisis, the result of years of shoddy governance that have stunted growth and created such a mound of public debt that the state is now seeking a multibillion dollar bailout from...
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Communists Lose by Wide Margin in Eastern India by Sujoy Dhar
The cheapest car in the world proved the costliest for a 34-year-old Left Front CPI-M government in India’s eastern state of West Bengal, as the communists lost the elections here by a wide margin. The outcome is the result of an anti-left movement that began in 2006 following the controversial takeover of farmland to create a manufacturing plant for Tata Motors’ small family vehicle called the ‘Nano’. A sweep by a regional...
More »Get Land Acquisition Bill ready, Manmohan tells Deshmukh by K Balchand
Directive comes in the wake of turmoil in Greater Noida Supplementing political offensive with a dose of administrative endeavour, in the build-up to the next round of Assembly elections, focussed on Uttar Pradesh, Prime Minster Manmohan Singh has asked Union Minister for Rural Development Vilasrao Deshmukh to finalise at the earliest the two amended Bills on land acquisition and rehabilitation and resettlement. Confirming Dr. Singh's directive, Mr. Deshmukh told The Hindu...
More »Left's assessment concedes West Bengal by Rajat Roy
Even as the CPI(M) brass show a brave face and publicly maintain they will form the next government in West Bengal, the party’s internal feedback from the districts shows the Left Front will go out of power after a record stint of 34 years. The feedback has come from districts where polling is already over. The final phase is on Tuesday, in just 14 constituencies. The counting of votes, with those...
More »Petrol price may be hiked by Rs 3
A hike in diesel and domestic LPG prices has been deferred for now, but an increase in petrol prices later this week looks imminent. An Empowered Group of Minister (EGoM) headed by Finance Minister Pranab Mukherjee was to meet on Wednesday to consider raising the diesel price by Rs 3-4 a litre and domestic LPG rates by Rs 20-25 per cylinder, but the meeting was deferred without assigning any reason. "No new...
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