A widening corruption scandal that has touched India’s prime minister sent the country’s stock markets down sharply on Friday and threatened to tarnish the country’s image as a rising economic power. Setting off the turmoil was a report from the country’s auditor earlier this week that about $40 billion in wireless spectrum license fees had been squandered by the government’s telecommunications and information technology minister. On Thursday, India’s Supreme Court criticized...

The indiscriminate use of fertilisers, insecticides and pesticides over the years has led to deterioration of soil quality and crop productivity in India. According to a study conducted by the central soil water conservation research and training institute (CSWCRTI), Dehra Dun, about 1 millimetre of top soil is lost every year due to erosion. This leads to a total soil loss of 5,334 million tonnes annually, at an average rate...

The country’s economic growth is expected to remain strong despite sluggishness in the manufacturing sector as a rebound in agricultural output is expected to support overall growth. Growth in the key farm sector, which accounts for nearly 17% of the nation’s GDP, has been a concern for policymakers for the past few quarters. But, healthy monsoon has raised expectations of strong farm output during July-September 2010. In addition, the arrival of...

NIIRA RADIA, the lobbyist at the heart of India’s audacious multi-billion telecom swindle, inaugurated a Krishna temple she funded in south Delhi on her birthday — that, interestingly, coincides with Indira Gandhi’s. Those present on the occasion said Radia prayed for long, presumably seeking divine intervention to wriggle out of the country’s biggest scandal. Before the temple visit, notices from the country’s Enforcement Directorate (ED), Income Tax (IT) Department and the...

Two committees of the labour ministry on Wednesday proposed to double the annual 100 days of work guaranteed to the rural poor by India’s marquee welfare programme, but the ministry may pare the suggested increase before putting it up to the cabinet for approval. The provision to provide work for 100 days to at least one member of every rural family under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS)...