PAC member N.K. Singh recuses himself from meetings to avoid conflict of interest Two editors, Vinod Mehta of Outlook and Manu Joseph of Open magazine, told the Public Accounts Committee of Parliament on Monday it was their journalistic duty to place in the public domain the transcripts of tapped conversations between corporate lobbyist Niira Radia and others which had a direct bearing on the 2G spectrum allocation scandal. After the meeting, PAC...

“We live in a society governed by the rule of law; and we shall have to proceed as per law” I-T department recovered undisclosed income of Rs.25,000 crore in the last 24 months Amid the hue and cry on the “black money” circulating within the country and abroad, Finance Minister Pranab Mukherjee on Friday announced the setting up of a group to quantify the black money being generated. “As soon as the report...

Lashing out at the United Progressive Alliance-II for following anti-people policies and not even sparing school-going children in the general budget by levying taxes on their textbooks and stationary, Communist Party of India (Marxist) leader Brinda Karat on Thursday urged the government not to blame the poor for the food inflation. “By attributing the rise in prices to increasing consumption by the poor, the government is putting the blame for food...

There’s no evidence that India’s growing prosperity has led to less malnutrition among Indian children, according to a new study by scientists from Harvard and the University of Michigan. One plausible explanation, the authors wrote, is that India’s rapid economic growth “may have benefited only the privileged sections of society.” Technology jobs have driven the boom, but 75 percent of the population is supported by farming or manufacturing, noted S. V. Subramanian,...

There was a lot of apprehension before budget day regarding what the Union finance minister will do to reduce the deficit. Will he roll back the tax concessions implemented a couple of years ago as part of a fiscal stimulus package? Will he announce populist social sector spending in view of the major state polls coming up this year? Will he be too timid and not take any bold steps...