-The Economic Times Reserve Bank of India Governor D Subbarao has said the proposed elimination of fuel subsidy can lead to a massive 2.6% spike in inflation, an assessment that makes it even more difficult for the government to bite the bullet. While a hike in diesel and cooking gas prices may be long overdue, the government is hard-pressed to contain inflation ahead of crucial assembly polls in Gujarat and Himachal Pradesh...

-The Telegraph Ranchi: The state government has failed to arrive at a formula to end the Nagri land imbroglio and will once again seek time from Jharkhand High Court during a hearing tomorrow. Sources said the state government affidavit, to be filed by the Ranchi district administration, would comprise details of two rounds of inconclusive talks with the villagers and will seek more time to resolve the issue. “We are pursuing the case...

-PTI Punjab Chief Minister Parkash Singh Badal today alleged that the state was "deliberately left out" by the Centre when announcements were being made for relief packages for states facing drought-like situation. Referring to the relief announced by the Centre for some states like Gujarat, Maharashta and Haryana in view of drought like situation, Badal said "it is unfortunate that Punjab was deliberately left out of its ambit despite the fact that...

-The Hindu Supreme Court asks Chhattisgarh to pay doctor Rs. 5 lakh for mental agony The Supreme Court, coming down heavily on Chhattisgarh police officers for custodial torture of an Ayurvedic doctor in 1992, directed the State government to pay him Rs. 5 lakh as compensation for the mental agony and humiliation he suffered. It is to be recovered from the erring officers in equal proportion. Allowing an appeal from Mehmood Nayyar Azam,...

Nobel laureate Amartya Sen believes that Team Anna's reading of corruption or what causes corruption or how it can removed is wrong, and that they need to look at how the economic system operates.   In an exclusive interview with CNN-IBN Deputy Editor Sagarika Ghose, Nobel laureate Amartya Sen said that instead of fasting and protesting, one should try and change the systems that provided incentives for corruption. Below is the transcript of...