-The Business Standard Skimmed milk powder 'buffer' might raise prices  The government’s proposal that a buffer stock of skimmed milk powder (SMP) be created in order to minimise volatility in milk prices is so unsound a proposition that it should be shelved. The proposal, sent to the inter-ministerial group on inflation by the food ministry, involves keeping a reserve stock of SMP with milk-processing units by offering them a handsome subsidy. The...

-The Telegraph The enormity of the real challenge before Manmohan Singh is far higher than that posed by Mamata Banerjee. A “perfect storm” is gathering around the economy, according to a Centre-commissioned report packed with suggestions for a series of tough measures that will affect daily life and test the government’s resolve to wade further into unpalatable waters. The report presented by the Vijay Kelkar panel, which was asked to suggest a road...

-NDTV The Supreme Court has said that it will not hesitate in stopping the work at Kudankulam nuclear power plant if it finds that safety measures at the plant in Tamil Nadu are unsatisfactory. The court made these observations while hearing an appeal against the Madras High Court order that allowed fuel loading at the plant. A bench of justices K S Radhakrishanan and Deepak Misra said the safety of plant and...

-The Economic Times A nation intermittently bombarded over the past several decades by messages highlighting The Dangers of smoking, the cruelty of crackers or the crime of dowry is about to get a new one, this time on the perils of cartelisation. A message that mirrors as much as it seeks to address the concerns of a globalising India and a changing society at a time the national discourse is dominated by...

-The Indian Express Mining in India has come a long way in the last 50 years or so. From the Industrial Policy Resolution of 1957 to the National Mineral Policy (NMP) of 1993, and now to the NMP of 2008, it has shown a progressive shift towards bringing the private sector into exploration, mining and downstream value addition. However, the regulatory systems perhaps never managed to keep pace with developments on...