-The Times of India Taking a cue from the RBI governor D Subbarao, market leader Indian Oil Corporation indulged in grand standing on Tuesday by saying state-run retailers would raise petrol price by almost Rs 10 per litre, if the government did not reduce excise duty or did not compensate their Rs 49-crore daily loss on the fuel. "We have been very patient, not raising prices since December despite our cost of...

-The Business Standard Petrol decontrol has become a farce It will soon be two years since petrol was decontrolled, but few will happily celebrate this second birthday. The government-controlled oil companies that dominate the fuel market continue to sell petrol way below the market-determined price, exactly as was the case in the pre-decontrol era. The promise made then to decontrol diesel prices and allow periodic adjustment in prices of kerosene and liquefied...

 When Mamata Banerjee defeated the Communist Party of India (Marxist) last May after 34 years of power in West Bengal, her victory was portrayed by optimists as the beginning of a Kolkata Spring. Free of the communists’ rural thugs and urban heelers, the story went, the state would finally enter the 21st century. One year after Banerjee’s landslide, however, the new boss is looking a lot like the old one —...

No matter where you draw the line, the fall in poverty is greater in high GDP growth years   Some plain facts and some ugly truths. The plain fact is that poverty in India has declined at a rapid pace during the UPA years post 2004. An ugly truth. When the Planning Commission released the estimates of poverty in India, on the basis of the household survey conducted by the NSS in...

Progressive strengthening of public facilities is the only way to reach medical services to the population as a whole. “The best form of providing health protection would be to change the economic system which produces ill health, and to liquidate ignorance, poverty and unemployment. The practice of each individual purchasing his own medical care does not work. It is unjust, inefficient, wasteful and completely outmoded ... In our highly geared, modern...