TARN TARAN, India—India's northern state of Punjab was once a symbol of the nation's economic progress, its advances in agriculture lauded world-wide as a spectacular feat that made India self-sufficient in food production. But Punjab today faces a grave economic crisis, the result of years of shoddy governance that have stunted growth and created such a mound of public debt that the state is now seeking a multibillion dollar bailout from...

Participants at a United Nations summit today outlined a 10-year plan to support the world’s most vulnerable countries overcome poverty, calling on the private sector to play a greater role in the fight, urging wealthy nations to step up their aid commitments and demanding the elimination of many trade barriers. The Istanbul Programme of Action to spur development and economic growth was made public at the end of the Fourth UN...

Tihar jail today has the largest collection of charged or convicted top officials, a powerful ex-minister, sundry politicians and officials. Maharashtra had a teflon-coated chief minister who was ‘sacked’ to a cabinet post in Delhi after being long untouched by many scandals. Another just exited. A former Jharkhand chief minister is in jail on charges of looting his state treasury and accumulating funds abroad. The powerful founder of the Nationalist...

The Income Tax department has recommended CBI action against four senior IAS officers of Madhya Pradesh and Chhattisgarh who had been raided by the department last year and assets worth hundreds of crores recovered from them. Arvind Joshi and his wife Tinoo Joshi, both 1979 batch IAS officers; M A Khan, a retired IAS officer; Babulal Agarwal, a 1988 batch IAS officer and two executive engineers were raided by the I-T...

As many as 17 top officials representing the senior bureaucracy are believed to have amassed or misappropriated nearly Rs 603 crore between 2007 and 2010. The Central Bureau of Investigation (CBI) has submitted a list of the officials under investigation to the parliamentary committee on assurances. The CBI says these officers had misappropriated funds from the exchequer and entered into criminal conspiracies by making huge illegal financial transactions. The CBI says it...