The Planning Commission, in a letter to the Punjab government, has expressed “serious concern” about the “rapidly deteriorating situation regarding groundwater” in Punjab, and asked the state to reconsider its policy of free power to farmers, which “is contributing to over drawal” of groundwater. These are unquestionably questions we should be asking. Of course, these questions are embedded in a larger set of issues — the unreformed nature of electricity...

The National Rural Employment Guarantee Scheme (NREGS) has had an unintended side effect: a record rise in the consumption of Indian Made Foreign Liquor (IMFL) among poor rural families, all thanks to the unprecedented sums of money that the scheme placed in their hands. And the politico-realtor lobby’s record bids for the two-year liquor licences across AP on Monday appears to be in the hope of reaping a bumper harvest...

The India growth story is enviable. Despite plaguing problems, India has emerged stronger and resilient to the global crisis so far. India is expected to be the world's fastest growing economy by 2018, according to Economist Intelligence Unit (EIU), the research arm of the Economist magazine. India, the second largest growing economy will overtake China as the fastest growing major economy with an average of eight per cent in the...

Several property dealers, unknown government officials booked  ‘Some property dealers and colonisers allegedly acquired agricultural land' ‘Conversation of agricultural land for residential purposes is not allowed' Several property dealers and unknown government officials have been booked by the Anti-Corruption Branch of the Delhi Government for allegedly carving out residential plots on agricultural land. The case pertains to illegal conversion of land in and around Narela in Outer Delhi, but similar violations across the...

The revised estimates of national income by the Central Statistical Organisation for 2009-10 present a generally positive picture of the economy. During the year, the economy grew by 7.4 per cent, marginally higher than the 7.2 per cent projected in February's advance estimates. A better-than-expected 8.6 per cent growth during the fourth quarter is the main reason. Industry has been a star performer. The strong performance of the crucial segments...