-Down to Earth Ministers write protest letters to prime minister and finance minister, saying it would greatly impact ongoing schemes The Congress-led UPA government has been harping on its pro-poor schemes in the run up to the elections early next year. But it has effected a drastic cut in budgetary allocations for social welfare schemes. The move is reportedly prompted by the urgent need to contain current account deficit (CAD) to below...

-The Economic Times NEW DELHI: CBI director Ranjit Sinha has said infrastructure building through the public-private partnership model could lead to a spike in corruption cases as the potentially lucrative contracts may encourage collusion between big firms and state officials. "This route is full of pitfalls and it has opportunities for corrupt activities with big scope for collusion among promoters of consortiums to whom such projects are awarded and corrupt public servants...

-The Business Standard A recent academic paper on probability theory shows how beliefs are influenced by interpretations of data rather than the data itself Ever since Indira Gandhi turned it into a closely-held family company - and even more so since Sonia Gandhi turned it into a brain-dead dinosaur - one of the hallmarks of the Congress party is that it often ends up doing the right thing for the wrong reasons. Whether...

-The Telegraph New Delhi: Rural development minister Jairam Ramesh today asked every state to "follow" the Bihar model of linking housing benefits to toilets as a possible solution to the chronic problem of poor sanitation in Indian villages. The Union minister's praise, weeks after he had accused Narendra Modi of being a copycat toilet crusader, appeared to be aimed at giving a leg-up to chief minister Nitish Kumar, a potential ally for...

-PTI MUMBAI: Japanese brokerage Nomura today said with real rural wages moderating, both rural demand and inflationary pressures will moderate in the medium-term, giving the much-needed room to the Reserve Bank to lower interest rates. "Though rural wages continue to rise, the pace of growth is moderating. Growth in the average daily wage rate for agricultural labourers dipped to 13.1 per cent in August year- on-year, which is significantly slower than 18.5...