-The Indian Express The Planning Commission has criticised the Railways for failing to attract Private Sector participation in its multi-crore infrastructure projects and has called for overhauling its management to allow “relevant experts” to be part of its decision making process. In its comments to a recent Cabinet note moved by the Railways to promote participatory models for rail connectivity and capacity augmentation, the commission argued that for the past two years...

-Live Mint The International Monetary fund (IMF) has warned India against licensing corporate entities to step into the business of commercial banking, saying the risks associated with such a move potentially outweigh the benefits of creating more banks. IMF’s Financial System Stability Assessment Update said it would be prudent for India to first put in place and gain sufficient experience in implementing a comprehensive framework for the purpose before considering the entry...

-The Telegraph A rights organisation today accused the Centre and state governments of giving huge, unaccounted grants to NGOs including blacklisted ones, often against a bribe. The Asian Centre for Human Rights said it was basing its claims on replies to a series of RTI applications it had filed in 2010. Releasing the report, “India’s Funds to NGOs Squandered”, the rights body’s director, Suhas Chakma, made these claims at a news conference...

-Down to Earth Town's municipal body asked to first address objections filed by residents The decision of the municipal authorities of Khandwa, a medium-sized town in Madhya Pradesh, to hand over water supply services to a private company, has been stalled. The Consumer Forum of Khandwa stayed the notification for water supply privatisation on December 31 and asked the city’s civic body to address all the objections raised by residents against the...

-The Guardian The global application of a fraudulent economic theory brought the west to its knees. Yet for those in power, it offers riches How they must bleed for us. In 2012, the world's 100 richest people became $241 billion richer. They are now worth $1.9 trillion: just a little less than the entire output of the United Kingdom. This is not the result of chance. The rise in the fortunes of the...