-PTI India’s monsoon, vital for Asia’s third-largest economy, has been 22% deficient till June 26, official data showed, adding to the government’s worries and prompting Prime Minister Manmohan Singh to consult key aides on measures to tone up the economy on Wednesday. In a revised forecast, the Met department predicted the rains would be 96% of the long-term average, lower than its April forecast of 99%. Rainfall is considered normal if...

-The Asian Age   Amidst the high voltage campaign to tom-tom Bihar’s achievements for registering an unprecedented growth rate of 13.13 per cent for the year-2011-12, there exists a dark story. Almost half of the state’s population still lives below poverty line (BPL). According to sources in the Planning Commission, the background note, prepared by the panel for the Plan (2012-13) discussion with Bihar chief minister Nitish Kumar on Wednesday, around 48 per...

If the government accepts oil minister S Jaipal Reddy's proposal, the price of small diesel cars could soon rise by Rs 1.7 lakh while medium-to-large guzzlers could become costlier by Rs 2.55 lakh a piece. The proposal to impose additional excise duty on diesel cars is bound to trigger protests from automakers, who have seen sales growing at the slowest pace in seven months in May. Domestic car sales declined 24%...

Contending that the NCERT textbook on political science did not represent the views or prejudices of one or two authors, Yogendra Yadav, who was chief adviser to the NCERT on the subject, said the book was developed by a large team of political scientists, teachers and educationists. “Given the very sensitive nature of the book, the entire text was shown to three eminent historians of contemporary India — Professor Sunil Khilnani,...

Desired outcomes can be reached through a series of ‘imperfect’ small initiatives What is to be done? How can we untie the Gordian knot that has so entangled the political economy of petroleum product prices? This is the question that now exercises our most experienced politicians and our ablest economists. Most well informed people know that a country that imports 80 per cent of its oil requirements cannot de-link itself from the...