-Reuters Cotton farmer Ravindra Krishna Patil in Maharashtra should be feeling flush after strong monsoon rains and a good crop, but high costs have cast a pall over his preparations for the festive season. Instead of splashing out on gold jewellery, appliances or maybe even a car during the biggest shopping season of the year, 28-year-old Patil must count his rupees after costs of everything from fuel to labour soared while cotton...

Makes case for Attorney General’s argument before SC. With the battle over identifying India’s poor moving to the Supreme Court, the Planning Commission has told Attorney General G Vahanvati that the controversial poverty line will not determine the Centre’s liability on subsidised food, but instead will be based on the eligibility limit in the proposed Food Security Act. “The Central government’s liability will be capped, but the cap will not be the...

The Planning Commission’s poverty line affidavit has exposed how blissfully ignorant the glorified economists of the UPA are of the true reality of India The 2G spectrum scam, Commonwealth Games loot, cash-for-vote bribery, Lokpal fiasco, Pranab-Chidambaram duel on the Finance Ministry note, and the count goes on. It seems the UPA-II is stuck in a rut.  As if the battering by the united Opposition and hauling over the coals by civil...

-The Times of India   The US on Thursday dragged India and China to the World Trade Organization over subsidy programmes implemented by the world's two fastest growing economies, with a top Obama administration official terming the situation as intolerable. "The situation was intolerable," US trade representative Ron Kirk said. Noting that every member of the WTO is required to come clean on their subsidy programmes on a regular basis, Kirk said China...

-The Times of India   The Rs 32 per capita urban poverty line is a measure only of extreme poverty, not of acceptable consumption-linked daily expenditure. Planning Commission deputy chairman Montek Singh Ahluwalia and rural development minister Jairam Ramesh have clarified this. They've also stated that prevailing BPL figures won't determine selection of the beneficiaries of social schemes. This hopefully will put an end to the high-decibel protests of opposition parties and...