-The Times of India For the first time in the history of Indian automobiles, cumulative sales of utility vehicles (UVs) have overtaken those of sedans - all three-box cars, from the entry-level to the super-luxury segment - in the first five months of the fiscal year 2012-13. New launches such as the Mahindra XUV500, Maruti's Ertiga and Renault's Duster pulled in buyers still looking to benefit from the huge price differential...
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The political economy of petroleum prices-Vikram S Mehta
Desired outcomes can be reached through a series of ‘imperfect’ small initiatives What is to be done? How can we untie the Gordian knot that has so entangled the political economy of petroleum product prices? This is the question that now exercises our most experienced politicians and our ablest economists. Most well informed people know that a country that imports 80 per cent of its oil requirements cannot de-link itself from the...
More »Recovering Budhni Mejhan from the silted landscape of modern India-Chitra Padmanabhan
Of late, a childhood friend's 80-year-old mother has taken to writing. Emboldened by her single-mindedness, memories dulled by a lifetime of contingencies now respond readily to the daily rustle of pen on paper. One memory stands out in Surjit Kaur's mind. In 1957, as a fresh eyed schoolteacher from Delhi she went on an educational tour to Uttar Pradesh, Madhya Pradesh, Bihar and West Bengal. It was 10 years after Independence...
More »More cases of 'wilful' default on bank loans by farmers
-Reuters SUPALI: Two years ago, Vilas Yelmar took out a 200,000 rupee ($3,610) bank loan to develop a small grape orchard in a dusty hamlet southeast of Mumbai. The bank has repeatedly asked for the loan to be repaid, but Yelmar, whose annual income has risen to 2 million rupees, has spent the money on a new sport utility vehicle and a lavish family wedding. He is one of an increasing number...
More »In the long trail of UP's NRHM scam and murders, former CMO arrested-Atiq Khan
AK Shukla, arrested on Sunday night, has been charged with criminal conspiracy In a fresh twist to the infamous CMO murder case, which is alleged to be linked to the multi-crore National Rural Health Mission (NRHM) scam in Uttar Pradesh, the Central Bureau of Investigation (CBI) on Sunday night arrested the former Chief Medical Officer of Lucknow, A. K. Shukla. He has been charged with criminal conspiracy to eliminate Vinod Kumar...
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