-The Hindustan Times The government\'s first budget is likely to signal the new administration\'s intention of reforming India\'s fuel pricing regime with monthly hikes of Rs. 10 per cylinder of cooking gas (LPG). Each household will, however, continue to be entitled to 12 subsidised cylinders a year. Currently, a subsidised LPG cylinder costs Rs. 414 in Delhi while the market price - which consumers pay for any demand beyond the quota -...

-PTI   Delhi government will track the trucks carrying foodgrains with the help of Global Positioning System (GPS) and Radio-frequency identification (RFID) devices to curb the menace of diversion of rations meant for lakhs of families which are below the poverty line. Also, SMS will be sent to the ration card holders attached to that fair price shop (FPS) about the arrival of ration commodities. The system is likely to be functional in...

-The Hindu Business Line     A government run by a bevy of economists with no sense of the ground reality made mistakes. Some really big ones As the new government settles down to tackle the myriad problems confronting it, it's worth taking a quick glance at the principal reasons for the spectacular unravelling of the UPA-2 government. A defining characteristic of UPA-2 was that it was led by an economist and supported by prominent...

-PTI   New York: India had 175,000 millionaire households in 2013, ranking 15th in the world, according to a wealth report which said the total number of millionaire households in the world rose to 16.3 million last year. The Boston Consulting Group's 14th annual report on the global wealth-management industry ‘Riding a Wave of Growth: Global Wealth 2014' said global private financial wealth grew by 14.6% in 2013 to reach $152 trillion. The rise...

-The Financial Express   With newer varieties and improvement in yield, packaging and marketing, basmati-long hailed as the ‘king of rice'-is spreading its sweet aroma worldwide WALK INTO any supermarket today and the most eye-catching items will be in the section selling packaged rice. Rice, that humble, century-old staple of the Indian diet, has emerged from its traditional image-grains in an open gunny bag-to a slick new avatar. Today, rice, and basmati in...