“States should ensure effective public distribution system”  Fiscal deficit at 6.8 per cent of GDP a challenge Dip in exports due to low demand following economic downturn in foreign markets Union Finance Minister Pranab Mukherjee on Thursday said increasing food grains productivity, ensuring effective distribution of subsidised essentials to vulnerable groups and allowing duty-free import were some of the steps taken to control the spiralling prices of essential commodities. Speaking at the 109th...

In the Indian reform story, policies on land have been the least reformed one, said Ratan Tata on Monday. The Chairman of the Tata Group, whose company Tata Motors had to shift the production base for its Nano car from Singur in West Bengal to Sanand in Gujarat following continuous protests over land acquisition for the project, said political leaders should be able to strike the right balance in deciding...

Borrowing was both the shaky foundation of global growth and the cause of its collapse. It started with a bust and it ended with an even bigger bust. In between was sandwiched an unsustainable boom. Banks have been humbled. Economists have been found wanting. Geopolitical power began to shift from west to east. That was the noughties that was. It barely seems five minutes ago that policymakers were fretting about the...

Recently there has been considerable media discussion about the issue of rise in prices of essential commodities and the problem of food inflation. In a country like India, where the cost of food forms major part of the monthly or daily expenditure incurred by an average family, this is a debate which acquires poignant significance. This is a government that came into power based on a concern for and commitment...

Empty protest no substitute for rational framework In a voluminous 300-page report, a committee on agrarian relations and land reforms, headed by the Union rural development minister, has found fault with practically every aspect of land policy in India, attributing the rise of Naxalism, tribal and agrarian unrest entirely to this. However, despite its composition of a mix of officials, experts and activists, the committee has failed to come up with...