The Election Commission (EC) of India’s historic decision on Thursday to disqualify an elected member of the Uttar Pradesh legislative assembly from contesting again for three years, for furnishing wrong information on poll expenditure, is expected to have far-reaching ramifications as it becomes the guiding principle for other high-profile cases pending before it. Umlesh Yadav of the Rashtriya Parivartan Dal has been barred from completing the remaining four months of her...

-The Economic Times   Chief economic advisor Kaushik Basu has said that part of the blame for the sustained high inflation in India must go to rising wages.  Basu believes that labour cost differences between the developed and labour-surplus countries such as India that have been in existence for a long time have now started narrowing which is feeding into higher prices within the country.  "The reason for inflationary pressures in India is that...

-The Hindu   Noted Jaipur-based economist V. S. Vyas has expressed concern over “progressive diminution” of cultivated holdings which he says has led to stagnation in the yield of major crops and rendered agricultural income insufficient for farmers to make ends meet. A sharp decline was also being witnessed in per capita food production, he said. Delivering the Tarlok Singh Memorial Lecture at the University of Hyderabad over the weekend, Professor Vyas said...

The Supreme Court has asked the judiciary and statutory bodies to take into account objectives of industrial peace and economic justice while deciding on disputes related to unfair labour practices.  The issue of unfair labour practice has to be decided in the changed circumstances of economic liberalisation and Economic Reforms, the court said, setting aside the Bombay High Court order against Siemens.  "Today every state, which has to don the mantle of...

-The Economic Times   The Supreme Court on Wednesday sought to know if the Centre and the CBI were on the same page on the prosecution of the 2G scam accused, given law minister Salman Khurshid's reported statement that investor sentiment would be hurt if courts ordered the arrests of business persons.  A bench of Justices GS Singhvi and HL Dattu said the statement implied that the SC wanted to keep businessmen in...