-The Business Standard Terming the debate over poverty numbers of a poor quality, chief economic advisor in the finance ministry Kaushik Basu today said even if different yardsticks were adopted, roughly the same conclusions would be drawn on decline in the number of people below the poverty line, between 2004-05 and 2009-10, as was estimated by the Planning Commission. The decline in the number during the period was the sharpest in any...

The massive spread of the UP foodgrain diversion scam came to the fore when CBI told the Supreme Court that it has filed FIRs against over 2,000 people, including politicians and public servants, during its investigations in just five places. No other single scam in India's history has seen registration of FIRs against so many persons and this could also be worrisome for the Akhilesh Singh Yadav government as the list...

-The Telegraph On Monday mornings, the white ambassadors with red beacons go missing from the premises of the municipality in Visakhapatnam. Instead, a queue of bicycles adorns the parking ground in front of the office. Commissioner B. Ramanjaneyalu and his senior officials may be entitled to government cars but on the week’s first working day, they have to leave the comfort of their cars behind and compulsorily bike to office. It’s all part...

-The Times of India The Centre on Thursday junked the Planning Commission's poverty definition with PM Manmohan Singh saying that there was a need to devise another method. "We need a multi-layered approach to assess poverty estimates. The Tendulkar Committee estimates have been followed for 30 years but not an inclusive estimate. It (Tendulkar report) is not satisfactory," Singh said on the sidelines of the Padma Awards function. A new team will devise...

-The Economic Times   The Supreme Court has declined to reconsider its ruling that the tax authorities had no jurisdiction to tax Vodafone's offshore acquisition of its Indian mobile unit, handing what could be a pyrrhic victory to the telecom major. The tax demand, government officials familiar with the case said, could be revived once the provisions in the Union Budget seeking to tax overseas deals are approved by Parliament later this...