Remote controls are identified as technical devices which are used for various purposes ranging from the launching of space-ships to the monitoring of toy cars. But of late, these devices are being used to direct policies for nation states which are formally sovereign. We speak here of the powerful lobby of international credit rating agencies like Standard and Poor's (S&P), which has just delivered its sermon that India is no longer...

-The Telegraph Ashok Chavan, who had to quit as Maharashtra chief minister after being named in the Adarsh housing scam, faces money-laundering charges in the same case. The Enforcement Directorate has registered an enforcement case information report (ECIR) against Chavan and 13 others, stating that prima facie an offence could be constituted under Section 3 of the Prevention of Money Laundering Act. The ECIR stated that the accused persons, who had obtained clearance...

AHMEDABAD: With potato prices ruling at Rs 20 a kg in retail in the domestic market, traders from Jammu and Kashmir have started importing potato from the two Line of Control (LOC) trade posts of Srinagar and Poonch. With zero import duty on import at the LOC trade points, Pakistani potato is cheaper than the Indian variety by 20% to 40%. India's potato production is expected to be 33.5-34 million tonne...

-IANS India's ambitious national solar programme has catalysed rapid growth in the solar market driving solar energy prices low and demonstrating how government policy can stimulate clean energy markets, according to a new report. In only two years, competitive bidding under India's National Solar Mission drove prices for grid-connected solar energy to nearly the price of electricity from fossil fuels, said the report released here Wednesday by the Natural Resources Defence...

Rice, wheat production seen at highest ever, but other commodities show a decline from previous year’s harvest The government estimated a record high foodgrain crop for the 2011-12 crop year that ends in June, driven mainly by higher output of rice and wheat, but experts said prices are likely to remain firm and keep inflation at around 7%. The likelihood that the government will increase the minimum prices it guarantees farmers for...