A parliamentary committee is set to reject the National Identification Authority of India Bill 2010, inflicting a severe blow to Unique Identification Authority of India chairman Nandan Nilekani and raising doubts about Prime Minister Manmohan Singh's pet project. Former IT czar Nilekani, who holds cabinet minister rank as UIDAI chief, had been keen on the enactment of the Bill so that a statutory National Identification Authority could be established. The Bill,...

The top 10 investment destinations for Indian companies in the last three years are all tax havens, if the US and UK which figure at number 4 and number 8, respectively, are discounted. The statistic, released by the finance ministry, reinforces the belief that the government has failed in curbing the flow of black money out of the country. Around 40% of the total investments in these three years have been...

Farmers are joining India Inc in mind, body and spirit. In a quiet revolution underway across the countryside, growers are setting up companies, replete with balance sheets, professional CEOs, board of directors, and income tax returns.  By pooling together the land and produce of their shareholders, these companies are signing lucrative deals with large retail chains, food companies and exporters keen to establish reliable supply chains. As many as 200 companies...

-The Economic Times   India's food inflation eased to a four-month low in the week to 19 November as vegetables, cereals and eggs turned cheaper. The decline in the reading for the fourth consecutive week came as a respite to the government struggling to recover from a string of recent bad tidings.  Data released by the commerce and industry ministry on Thursday showed the wholesale price index for food articles rose 8% year-on-year,...

Union rural development minister Jairam Ramesh admitted lapses of the past but spoke of a new beginning today in Saranda while unveiling an action plan for the forest region that was under the shadow of Maoist terror for over a decade. Armed with goodies like bicycles and transistor radios for residents of Chotanagra panchayat, about 120km from district headquarters of Chaibasa, Ramesh made it clear that the implementation of the development...