-The Telegraph Mamata Banerjee today sprayed a cocktail of petrol price and other grievances on the Centre, warning that the Trinamul Congress could pull out of the UPA government if it “did not think about the masses” and listen to her party. Oil firms said they had little option but to roll back the price increase if the Centre issued such a directive. However, till late this evening, the Prime Minister appeared...
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Bengal coal import test by Srikumar Bondyopadhyay
The power position in Bengal improved today but alarm bells are ringing over imported coal stocks that are running out fast. “The stock of imported coal will exhaust by the end of this month,” said Krishna Gupta, the managing director of the West Bengal Power Development Corporation Ltd (WBPDCL), the largest electricity supplier in the state. The corporation had last year imported 1.2 million tonnes of coal from Indonesia. “We will come up...
More »Who will watch the watchmen? by Minhaz Merchant
The audited Balance Sheets of the six largest political parties in India are hard to get and harder to decipher: they hide more than they reveal but are nonetheless worth close examination. Between them, the Congress, BJP, BSP, SP, NCP and CPM reported total income of Rs 1,046.76 crore for the year ending March 31, 2009. That was the year in which most of the funds for the 2009 Lok...
More »Global food inflation to return after brief respite
-Reuters Red-hot food inflation that has vexed policy makers around the world seemed to take a breather last month, when corn and wheat prices tumbled on reports that crop shortages were easing. The sell-off was also driven by global economic worries that prompted funds to exit grains in droves. But prices are climbing again, and have already made up half of June's losses. The sell-off masked an unnerving reality: The world remains...
More »How to overcome Lokpal drafting committee impasse by Praful Bidwai
The roller-coaster ride of the government-civil society joint drafting committee on the Lokpal (ombudsman) Bill has ended in a draw, but left both sides badly injured. Whether the tie will be broken when they present their separate recommendations to a proposed all-party committee in July remains an open question. Yet, this is a good time to draw up a balance-sheet of the government's first-ever effort to take on board civil...
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