-Reuters   India is assuming grain purchases at around 30 percent of output in plans to expand its welfare programme, the food minister said, relying on increased yields and lower wastage to cover extra requirements and keeping exports on the agenda.  "We have made the calculation (for the Food Security Bill) on the basis of the grains we can produce and procure. We will procure only 30 percent of our production, 70 percent...

-The Economic Times   The Supreme Court has asked courts to send accused persons to jail only after conviction. In a landmark judgement on bail, which will have a major impact on the several thousands of undertrials languishing in various jails, the Supreme Court on Monday said denial of bail to an accused for an indefinite period impinged on the Fundamental Right to life and personal liberty.  "The courts owe more than verbal...

Recent events in south Asia have led to an unexpected reversal in the narrative of microfinance, long presented as a development success. Despite charges of poor treatment of clients, exaggeration of the impact on the poorest as well as the risks of credit bubbles, the sector can play a non-negligible role in reaching financial services to low-income households. In regulating the sector, there is need for caution in setting interest...

Planning Commission deputy chairman Montek Singh Ahluwalia did a U-turn on the highly controversial Rs 32 per day poverty line, informing Prime Minister and plan panel chairman Manmohan Singh that caps on number of beneficiaries of schemes with central subsidies will be done away with. The about-turn comes after Ahluwalia's earlier letter to attorney general Goolam E Vahanvati in October defending the "artificial" cap Planning Commission imposes on beneficiaries of various...

-The Telegraph   Law minister Salman Khurshid today unveiled a slew of bills to be taken up in Parliament’s winter session to demonstrate the government’s commitment to fighting graft, other than the Lokpal Bill that he said would address the “concerns of the common man”. The whistle-blowers’ bill, sports bill and the judicial accountability bills are among those on the agenda, the minister told a news conference in the run-up to the session...