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Rural purchasing power waning on inflation, rising input costs-Heena Khan

But non-farm income keeps economy afloat   New Delhi, April 25: The rural growth story is slowly losing sheen because of inflation and rising input costs. In fact, rural price level is higher than urban price level. The March Consumer Price Index number for rural India stood at 116.3, while that for urban India stood at 114.6. Mr Ajay Sriram, Chairman and Senior Managing Director, DCM Sriram Consolidated Ltd, says the rural growth...

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Land row stalls IIM construction-Santosh K Kiro

Nagri (Ranchi), April 25: A piece of land is valued either Rs 1.55 lakh or Rs 340.5 crore. Take your pick. If you recover from this shock, you can proceed to figure out who should get in part or full 227.71 acres at Nagri, 15km from Ranchi. Construction of IIM-Ranchi and National University for Study and Research in Law (NUSRL) campuses has halted after villagers refused to budge from the acres,...

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I&B Ministry defends itself on The Dirty Picture controversy-Aarti Dhar

Under sharp criticism for stalling the television premiere of The Dirty Picture on Sunday, the Information and Broadcasting Ministry has said it was only following the directions of the Lucknow Bench of the Allahabad High Court, and the instructions issued by the Central Board of Film Certification (CBFC). Prime time Sources in the Information and Broadcasting Ministry said the court order, issued on April 19 in response to a Public Interest Litigation...

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Mamata's blackmailing tactics: Centre ought to resist it

-The Economic Times   On Saturday, Bengal chief minister Mamata Banerjee told New Delhi that it had 15 days to announce a debt-relief package for the state. She did not specify what would happen after the deadline, but said that her patience was wearing thin.  The Centre cannot give in to such blackmail. Banerjee doesn't have to bother about the huge risk that this demand creates. The Centre has few powers to write...

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Godown ache for rice target

-The Telegraph The Bengal government could find it difficult to reach its target of procuring 20 lakh tonnes of rice this year because of a lack of storage space. Its ability to raise storage capacity too could be hobbled by lack of investor interest in setting up warehouses in Bengal, and a mismatch between the tender rates acceptable to the state and the Centre. “We’ve a target of procuring 20 lakh MT (metric...

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