-The Hindu Union Railway Minister C.P. Joshi has announced the decision to constitute a Rail Tariff Authority, based on which the next hike in passenger fares and freight rates will be effected. The Tariff Authority is an attempt at insulating the Railways from various hikes being effected by the government, including on fuel price, which officials regard as having made the operation of the Railways in the current situation unviable. Addressing the Economic...

-The Hindu The Supreme Court’s unyielding criticism of the government for not eradicating the practice of manual scavenging was the springboard for the Ministry of Social Justice and Empowerment to introduce the Prohibition of Employment as Manual Scavengers and their Rehabilitation Bill, 2012 in the Lok Sabha on September 3. Welcomed as a panacea for the historically iniquitous, caste-ordained practice of manually handling human waste, the new Bill indicates renewed commitment...

-The Hindu In its report on the road map to fiscal consolidation, the three-member committee headed by the former Finance Secretary and 13th Finance Commission Chairman, Vijay L. Kelkar, has suggested a host of “bold reform” measures on ways of slashing the subsidy bill which, it admitted, would result in some short term pain and hardships. The committee’s recommendations also include sale of surplus land with public sector undertakings (PSUs), fast-tracking of...

-Bloomberg It wasn't the Gettsyburg Address -- unless it's poker faces we're comparing. Future historians aren't going to be parsing Prime Minister Manmohan Singh's speech for hidden meanings, and rhetoricians won't be delighting in the majesty of its style and the compression of its effects. It inflamed no passions, as did Mitt Romney's words about the "47 percent," and asserted no big idea or thesis, unless there was one contained in the...

-The Hindu Building ‘capitalism with Indian characteristics’ means decisions cannot ignore concerns of voters and communities As the economy slows down and the rupee wilts, Manmohan Singh has bitten the ‘reforms’ bullet with both eyes on the credit rating agencies whose negative reports have done much to dampen the ‘animal spirits’ of investors, foreign and native. Last November, when the Congress party made a push to introduce foreign direct investment in multi-brand retail,...