India is today the world's largest importer of arms. These include fighter jet planes, missiles and radar systems for strategic partnerships and geo-political power. India is also investing in security and surveillance to combat foreign threats and resistance from its own people in places like the Kashmir valley, and the North East and tribal regions of Central India. This provides tremendous opportunity for multi-national corporations to sell and invest in...

Every day, through scorching summers and chilly winters, Himmat pedals his bicycle rickshaw through New Delhi's crowded streets, earning barely enough to feed his family. But to India's government he is not poor – not even close. The 5,000 rupees ($110) he earns a month pays for a tiny room with a single light bulb and no running water for his family of four. After buying just enough food to keep...

International fund floodgates that stayed locked during the Left front regime are now opening up for Mamata Benerjee. Latest in the "parivartan" syndrome is the Asian Development Bank (ADB), which has given the green signal to go along with one of the state's most ambitious roadway projects - the 271 km express corridor connecting North and South Bengal. It is a Rs2,270 crore project, which World Bank had refused to fund in...

Weighed down by an unending season of corruption, the political leadership of ruling the United Progressive Alliance (UPA) has stepped in to rescue the regime’s flagship rural employment guarantee scheme from discredit due to mounting allegations of endemic irregularities. The National Advisory Council of the UPA, headed by Sonia Gandhi, on Wednesday asked the Manmohan Singh government to expedite notification of the much-awaited rules that would allow public scrutiny of the...

Unpaid bills of Rs 17,000 crore — and growing — have revealed hidden food subsidies and acute financial mismanagement as the government prepares to adopt the costliest, most ambitious legislation of its tenure. Documents accessed by Hindustan Times reveal this is the money the government now owes the state-run Food Corporation of India (FCI), hampering its mammoth operation of buying grain from the farmer, storing it and selling it cheaply...