-The Economic Times The crisis of the euro, a current account deficit of over 4%, double-digit inflation, corruption in governance and a failing political system. It would not be unfair to say that these factors have combined in varying degrees at different times to lead to the conclusion that the globally-acclaimed India growth story seems to be heading for an unhappy ending. Many have labelled this - unfairly, I think - as...

-NDTV India is likely to raise diesel prices after the presidential polls on July 19, an oil ministry official said on Thursday, as the government attempts to cut the amount of money it pays out to keep prices lower. "This has been the thinking for quite some time," that a price rise could come after presidential polls, the official said, requesting anonymity. "It is inevitable. By how much I can't say," he added. The...

-Kafila.org Almost a century ago, Katherine Mayo published a book titled ‘Mother India’ that criticized the Indian way of living, and Rudyard Kipling  spoke of the ‘White Man’s Burden’. These writings reflected the colonial perspective that what colonizers did was in the best interest of the colonized people. Consequently, most well-meaning citizens of colonial powers were alienated from the horrible plight of the colonized. Purpose well served – unopposed exploitation. Years later,...

-The Telegraph Union food minister K.V. Thomas today claimed the Bengal government had distributed only a small fraction of foodgrain specially allotted last year for 10 backward districts, drawing a sharp rebuttal from the state, as another confrontation with the Centre unfolded over figures. Thomas’s comment came days after Union home minister P. Chidambaram had voiced concern over Bengal’s “culture of violence” and cited casualty figures that were contested by the Mamata...

The NAC lies defanged; the markets leap for joy at Manmohan’s & Co’s charge of a ‘new’ economy How swiftly things change. Just a month ago, the great Indian growth story was being written off. Now, the “new economy”, run by the PM-cum-FM, will sift through the rubble of under-seven per cent growth, find the hidden springs of recovery and throw in some reforms for good measure. A top taxman says...