-The Hindu   Making it clear that it will not go into the policy mechanism of deregulation, the Supreme Court on Friday declined to entertain a public interest writ petition questioning the repeated hike in the price of petroleum products. Chief Justice S.H. Kapadia told counsel Upamanyu Hazarika, appearing for the All-India Youth Federation, “We cannot decide on pricing. It is a policy and legislative matter. We will not interfere in it. The...

-The Hindu   “Allowing oil firms to control market will hurt economy”   De-regulation by which the three public sector oil companies are empowered to set the price of petrol and other petroleum products has been challenged in a public interest litigation petition in the Supreme Court. The All India Youth Federation (AIYF), represented by its general secretary P. Sandoshkumar, said there was no rationale behind replacing the Administered Pricing Mechanism (APM) with the Import...

Cash transfers are now suggested by many as a silver bullet for addressing the problems that plague India’s anti-poverty programmes. This article argues instead for evidence-based policy and informed public debate to clarify the place, prospects and problems of cash transfers in India. By drawing on key empirical findings from academic and grey literature across the world an attempt is made to draw attention to three aspects of cash transfers...

If you thought only onion made headlines and governments fall, here is some more food for thought. The retail prices of brinjal soared 110% and those of tomato by 125% between the first weeks of November 2010 and January 2011, while the rise in crude oil paled in comparison, climbing about 12% in the same period. While import-dependent economies are struggling to keep their fiscal math in shape with crude...

Indicating a new-found determination to stay the course on politically sensitive reform measures, Prime Minister Manmohan Singh not only defended the recent decontrol of petrol prices but also said diesel rates would also be freed of government control. In comments while returning from the G20 summit in Toronto, the PM seemed to be in an assertive mood despite the Opposition calling a bandh to protest fuel price hikes. "The fact...