The countrywide share of corporate retail in food distribution tripled in the past four years when retail food prices showed the greatest increase. THE dramatic increase in food inflation over the past two years has been associated with several surprises. One major surprise has been how the top economic policymakers in the country have responded to it. The initial response was one of apparent disbelief, followed very quickly by the...

The Centre released Rs 1.08 lakh crore to states under the Mahatma Gandhi National Rural Employment Guarantee Scheme since February 2006 but did not carry out account auditing at any level, the government told the Supreme Court on Friday. This admission by the Union of India meant violation of the intent of Section 24 of the Act, which says, "The central government may, in consultation with the Comptroller and Auditor General...

Controversies surrounding the two real estate projects, the Adarsh Society building in Mumbai and the Lavasa city near Pune, bring to the fore the huge costs of poor enforcement of town planning rules and inept administration of urban development. In the case of Adarsh housing, a 31-storeyed apartment building raised in the Backbay reclamation area and meant for Kargil heroes, the Maharashtra government not only turned a blind eye to...

A week after he lost his ailing son, and ten months after he worked on a village road project, Pitbasu Bhoi finally got the ten thousand rupees he had earned under the Mahatma Gandhi National Rural Employment Program (MNREGA). "Of what use is the money now? I have just immersed my son's ashes. When I needed the money to save his life, I did not have it," says Bhoi. The...

Concerned at flak, Manmohan asks him to call press meet Prime Minister Manmohan Singh asked Finance Minister Pranab Mukherjee on Thursday to hold a detailed press conference “at the earliest” to clarify the government's position on the black money issue and what it was doing to deal with the menace. On Wednesday, the Supreme Court sought clarity from the government on how it intended to end black money, and wanted to know...