-The Business Standard Sale price of Rs 3 per kg for rice, Rs 2 for wheat and Re 1 for coarse cereals will be revised every three years The National Food Security Bill is expected to be tabled in Parliament today, after being cleared by the Cabinet earlier this week. The Bill has said that it will be responsibility of the central government to provide assistance to the states in meeting the expenditure...

-The Economic Times Finance Minister P Chidambaram has warned corporate bigwigs against wilful defaults, reminding promoters that it was their duty to bring in additional capital if their companies got into trouble. "We cannot have an affluent promoter and a sick company," he said, in an apparent reference to the collapse of Kingfisher Airlines, owned by the flamboyant Vijay Mallya. Banks are stuck with nearly Rs 7,000 crore worth of loans they...

-The Hindu There is no Lokpal yet, but the Centre’s Grievance Redressal Bill promises to cut through bureaucracy and corruption that plague government services. The citizen is hoping for a repeat of the RTI Act story. A year after the UPA came to power in 2004, it brought the Right to Information Act, ushering in a revolution: citizens, for the first time, could access information under the control of public authorities, whether...

-Financial Times Up to 80 per cent of the world’s middle classes will live in developing countries by 2030 thanks to surprising recent gains in poverty reduction, according to a United Nations report published on Thursday. “Never in history have the living conditions and prospects of so many people changed so dramatically and so fast,” concludes the UN’s latest Development Report. “The world is witnessing an epochal ‘global rebalancing’.” This year’s report, launched...

-The Hindu Access to justice’ is a basic tenet; if it is denied, consumers could haul up courts, says T.S. Thakur Assailing the government for ignoring the demands of consumer courts for better infrastructure and staff, a Supreme Court judge on Thursday said if the consumers were to claim a “deficiency in service” on the part of the courts, then the government will be in trouble. To redress complaints of “deficiency in...