-The Economic Times For nearly two decades, the Government of India has implemented a stingy pension programme for the elderly poor. "An insult to the dignity" of the elderly is how rural development minister Jairam Ramesh describes the pension amount of Rs 200 per month given under the Indira Gandhi National Old Age Pension Scheme (IGNOAPS). A few states provide a somewhat generous supplemental pension, most provide a tiny supplemental amount, some...

-PTI Chief Minister D V Sadananda Gowda today said his government would look into the possibilities of reducing cess on petrol after the June 11 biennial elections to the state Legislative Council. "I will look into the possibilities of reducing cess on petrol soon after the elections to the legislative council. For now, I can't comment on the issue due to model code of conduct," he told reporters. The statement comes in the...

-The Business Standard Govt cannot delay increasing diesel, LPG prices Petroleum Minister Jaipal Reddy, speaking after a ministerial-level meeting on inflation on Monday, said that the government had no immediate plans to raise the administered prices of diesel, kerosene and domestic LPG (liquefied petroleum gas). This comes after oil marketing companies raised the price of petrol last week by Rs 7.50 per litre, an increase of 12 per cent. Mr Reddy’s...

-The New York Times India's coalition government just celebrated the third anniversary of its tenure with a self-congratulatory banquet that could not have been more poorly timed: India's currency, the rupee, is falling; investment is down; inflation is rising; and deficits are eating away at government coffers. While short-term growth has slowed but not ground to a halt, India's problems have dampened hopes that it, along with China and other non-Western economies,...

Lack of knowledge, fear of political criticism are some of the reasons that are stopping FCI, according to experts What is stopping Food Corp. of India Ltd (FCI) from selling its ample wheat stocks in the open market and buying futures contracts to meet its distribution commitments in the months ahead? Or, for that matter, what is keeping the food procurement agency from selling grain futures internationally, knowing that a bumper crop...