Global business abhors uncertainty. The ministerial-level corruption in UPA-II has slowed FDI and FII inflows. The stock market, despite double-digit corporate profit and 8.6% GDP growth, reflects the anxiety of Indian and foreign investors. To take India's growth story forward in the 20th year of economic reforms, political reforms must catch up. Misgovernance won't do in a globalised, interconnected world. Two kinds of political corruption blight India: episodical and ongoing. Episodical...

Pune district administration inspects hill city site Report to be submitted to Environment Ministry We have the required permissions: Lavasa A site inspection of the Lavasa hill city conducted by the Pune district administration has revealed that 7,78,86, 600 cubic feet of Mining has been conducted in two villages by Lavasa Corporation Limited (LCL). The comprehensive data regarding the remaining 17 villages is still being consolidated by the authorities, according to Pune Additional...

A number of non-governmental organisations (NGOs), including Greenpeace, on Wednesday lashed out at the Pranab Mukherjee-headed Group of Ministers (GoM) on coal Mining for working in an “undemocratic manner” and sought greater transparency and openness in its functioning. “We are demanding that the process be opened up and made transparent. There has to be proper consultation with the stakeholders and issue experts,” Ashish Fernandes of Greenpeace India said in a statement...

The draft bill from the mines ministry that is meant to begin the overhaul of India’s outdated and archaic Mining regulations — the Mines and Minerals (Development & Regulation) Bill, 2010 — had already been generally agreed to by the group of ministers scrutinising the legislation. Yet the deputy chairman of the Plan- ning Commission, Montek Singh Ahluwalia, has made a telling point or two about a particular provision in the...

Tamil Nadu offers maximum economic freedom and Bihar the least among 20 of India's big states, according to a study released on Tuesday. The Economic Freedom of the States in India 2011 ranked the states based on the extent of wealth, administrative and social parameters in 2009. The USbased Cato Institute published the rankings in association with Indicus Analytics and the Friedrich Naumann Foundation. Both the states retained their positions...