Mamata Banerjee today said private investors “are staying away from Bengal because land is not available for them”. However, she laid stress on the importance of public sector projects — the state has attracted some — saying “public sector investment is also investment”. The chief minister, whose government’s hands-off policy on land acquisition has so far acted as a deterrent for private industry, said at a railway programme in Hooghly’s Dankuni: “The...

-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...

This certainly won’t help swallow the  bitter petrol-hike pill. Petrol prices have tripled for the common man in the last 13 years but the country’s top civil servants haven’t had to deal with a fuel hike since 1999. Senior government officials pay a measly Rs. 700 every month to use their air-conditioned official cars for private purposes. This amount was last fixed in 1999, when petrol went for Rs. 23.80...

Most states now levy greater tax on petrol than the central government, without having to share the subsidy burden. After last week’s increase in prices, state sales tax/VAT on petrol is more than central excise in most cases. The central government levies a fixed excise duty of Rs 14.78 on every litre of petrol. But, states levy an ad valorem tax which, in absolute terms, increases with every price increase of...

For Subaida Bibi and many of her neighbours, the day begins at 4 am. That is when the early risers among this small community of waste pickers in Ghazipur emerge from their jhuggis to begin the slow climb up the Ghazipur landfill, the smouldering heap of garbage on which nearly 600 waste pickers in the area depend on for a living. Though figures vary, it is estimated that more than 50,000...