Food inflation dropped sharply to 13.07% for the week ended January 29 from 17.05% in the previous week. According to data released by the ministry of industry and commerce on Thursday food inflation declined to a seven-week low due to decline in the prices of pulses and potatoes. On an annual basis, prices of potatoes declined 8.87%, while pulses fell 8.63% and wheat by 3.58%, the government data said. Although the...

The Centre today promised a “comprehensive study” to gauge black money but told the Supreme Court it couldn’t reveal information on such cash stashed abroad because of “confidentiality” clauses in overseas pacts. The government explained its stand in an affidavit in the Supreme Court, which had earlier rapped it for not doing enough to deal with the menace. The National Institute of Public Finance and Policy, the National Institute of Financial Management...

The forthcoming budget is unlikely to propose a steep hike in allocation of funds for the government's flagship rural welfare scheme despite a sharp increase in the wage rates under it. The finance ministry is likely to allocate only 42,000-45,000 crore for the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), a government official told ET. The scheme will have an opening balance of about 10,000 crore, the official said. This precludes...

Bihar is the first state in India to put information about students, teachers and educational status online as part of an effort to improve education Bihar has become the first state in the country to put details of Classes 1 to 8 of all its 70,000 government schools online. Only recently, a survey of primary education showed that the state, considered one of the most poorly developed in the country, had...

The attempt of the Central Information Commission (CIC), the final appellate authority for implementation of Right to Information (RTI) Act, to bring transparency in the functioning of government departments through voluntary disclosure of information on websites has come a cropper. Of the 1,600 public authorities (government departments, apex bodies, autonomous organisations and ministries) listed by the Commission, only 125 have obeyed its directive and appointed transparency officers. The macro picture...