The audited balance sheets of the six largest political parties in India are hard to get and harder to decipher: they hide more than they reveal but are nonetheless worth close examination. Between them, the Congress, BJP, BSP, SP, NCP and CPM reported total income of Rs 1,046.76 crore for the year ending March 31, 2009. That was the year in which most of the funds for the 2009 Lok...

-The Business Standard   The All India Congress Committee (AICC) general secretary Rahul Gandhi today said he would back the Posco project if the steel major provided proper rehabilitation else he would throw his weight behind the agitating people. “Posco project will bring development. We are not against development. If Posco provides proper rehabilitation, we will be with Posco. If it fails, we will be with the agitating people,” he said while...

-The Economic Times   NEW DELHI: Signalling clearly that the rural develpment ministry, virtually somnolent under minister Vilasrao Deshmukh, was set to go ballistic politically, minister Jairam Ramesh who took charge here on Wednesday spelt out deadlines for the three most important issues including the land acquisition bill, poverty count and stringent monitoring of UPA II's flagship programme the MGNREGA. Jairam, who earned a lot of attention in his earlier charge,...

One lives to learn — or unlearn. The working head of what passes for this country’s Planning Commission is unambiguous about it. One important measure to fight inflation, he believes, is to raise prices. That is to say, to stop prices from rising, you must first raise prices. The gentleman has heartily endorsed the recent serial increases in the prices of petroleum products since such increases will, in his view,...

A host of steel-manufacturing units are keen to set up plants in Karnataka, and all want captive mines. SOUTH KOREA'S Posco is not the only steel-maker keen to do business in Karnataka. The State's estimated 9,000 million tonnes of good-quality iron ore reserves, which is the second largest in India, the State government's assurances on a smooth land acquisition process, the availability of water and the promise of speedy regulatory clearances...