-The Business Standard Are subsidised exports the only solution? Surely the intellect of a high-level inter-ministerial committee is not required to conclude that the subsidised export of wheat and the disposal of grain at discounted rates at home can help ease the current grain congestion. However, this seems indeed to be the conclusion reached by the high-level panel set up by the prime minister under the chairmanship of his Chief Economic...

The environment ministry is on an industrial overdrive, with rules being changed for faster clearance of projects at the cost of the environment. While the standing committee of the National Board for Wildlife will lose its power to examine projects in tiger and elephant corridors, a sectoral forest advisory committee will be allowed to decide on diversion of forest land and projects even in dense forests. These are some of the...

The Reserve Bank of India, RBI, and the finance ministry seem to have differences on the way banks should go about ensuring financial inclusion. While both the regulator and the ministry are passionate about providing banking services at low cost to the disadvantaged, a difference of opinion between the two has confused bankers.  Recently, the finance ministry told banks that every business correspondent outlet should be converted into an ultra-small branch....

A rural Indian spending Rs. 22.50 a day would not be considered poor by a Planning Commission whose Deputy Chairman's foreign trips between May and October last year cost a daily average of Rs. 2.02 lakh Pranab Mukherjee's stirring call for austerity tugs at the national tear ducts. Prime Minister Manmohan Singh has pleaded for it in the past and watched his flock embrace it creatively. With the Finance Ministry even...

The Parliament of India, the highest citadel of its democracy, recently completed 60 years. This magnificent circular edifice was inaugurated on January 18, 1927, by the then governor-general, Lord Irwin, and legislative councils had conducted its sessions here. After Independence, the Central Hall accommodated the Constituent Assembly till it completed writing the Constitution. The first Lok Sabha was constituted on April 17, 1952, and the first Rajya Sabha on April...