-The Economic Times  The government has stopped short of declaring a drought but rolled out a relief package which includes subsidised diesel for irrigation, funds to ensure drinking water, seed subsidy for resowing crops and augmentation of fodder supply. "The number of rain-deficient districts this year is more than in 2009," said agriculture minister Sharad Pawar after chairing a meeting of the Empowered Group of Ministers (EGoM) on drought. The meteorological department...

-PTI Indicating that its nearly three- year-old battle with inflation is not yet over and a loose monetary policy is still far off, the Reserve Bank today said the near-term inflation trajectory still remains sticky on the back of weak monsoon, higher support price for farm crops and the falling rupee. Headline inflation persisted above 7 per cent during the first quarter of the fiscal due to a rebound in food rates...

-Live Mint The much-awaited land acquisition Bill seems to be in jeopardy with the Congress-led United Progressive Alliance (UPA) government rejecting a parliamentary standing committee’s suggestion the government should not acquire land for public-private-partnership (PPP) projects. But it has accepted that land procured for special economic zones (SEZs) and some defence projects cannot be exempted from the purview of a land acquisition Bill and promised to amend other laws pertaining to purchase...

-The Telegraph The Supreme Court today banned tourism in the core areas of India’s tiger reserves till further orders, Fuelling fears among tour operators and some conservationists that people would lose the chance to watch the animals in the wild, local economies would bleed and poaching would increase. The court, responding to a petition by a non-government environment organisation, acknowledged concerns expressed by the National Tiger Conservation Authority that tourism may be...

-The Hindustan Times In June 1992, Manmohan Singh, then finance minister in the Government of India, delivered the Foundation Day Address of the Society for Promotion of Wastelands Development (SPWD). He spoke on the topic ‘Environment and the New Economic Policies’. In his talk, Singh urged “objective standards industry-wise for safeguarding the environment, asking industry to certify compliance with these standards, institution of an effective system of verification and industry audit...