-PTI Chief Minister D V Sadananda Gowda today said his government would look into the possibilities of reducing cess on petrol after the June 11 biennial elections to the state Legislative Council. "I will look into the possibilities of reducing cess on petrol soon after the elections to the legislative council. For now, I can't comment on the issue due to model code of conduct," he told reporters. The statement comes in the...

-The Hindustan Times The government on Thursday put the controversial poverty estimation in a deep freeze by appointing a new expert group to recommend a new estimation methodology aimed at linking government subsidies to poor. The group to be led by C Rangarajan, head of Prime Minister's Economic Advisory Council and having three others members is expected to submit its report in nine months, minister of planning Ashwini Kumar told reporters. However, not...

A universal pension scheme for social protection must be part of a broader strategy of economic expansion different from the present neoliberal order. INDIA must be one of the worst countries in the world in terms of not providing even minimal social security for most of its people. This is not just a major failure of the development project in the country – it is also a significant cause of...

Veteran agricultural scientist and alumnus of Harvard and Berkeley Universities, Dr Peter Kenmore was in Mumbai for NABARD’s 30th anniversary lecture on ‘Future of Global Agriculture: Challenges and Opportunities for India.’ This United Nations Food & Agriculture Organization India representative spoke to Yogesh Pawar on the current scenario in agriculture. Some excerpts: There’s a lot of churn over GM technology in India. At a time when the country is grappling with...

Inflation in India rose above expectations in April, making life difficult for the nation's central bank as it tries to revive an economy facing increased stagflation risks. The Reserve Bank of India last month cut its policy rate for the first time in three years to boost sagging growth. But inflation has remained stubbornly high, raising concerns the economy may be facing a nightmare scenario of slowing growth and rising prices. On...