-The Times of India Why isn't aam admi smiling? The question's relevant, since some cheer's apparent in government circles over wholesale price index-based inflation falling to 6.62% in January. Headline inflation, it's said, will drop further by March-end. To common people, the WPI inflation figure's a meaningless number. If WPI inflation's dipped a fourth successive month, food prices have been riding high for far longer. Policymakers periodically recommend release of foodgrains from...

-The Hindustan Times The European Union on Friday staunchly defended its decision to re-engage with Narendra Modi a day after it emerged that the Gujarat chief minister had a quiet lunch with the ambassadors of the member countries here early this year, ending a decade-old boycott.   The January 7 lunch is likely to be seen as a major boost for Modi, who after his third successive win in the western state, is...

-IPS News Officials at the World Bank are forcefully rejecting a new internal evaluation that is highly critical of the institution’s decade-long forest policy, expressing their “strong disagreement” with some assertions in the report. The assessment, written by the Independent Evaluation Group (IEG), the World Bank Group’s auditor, warns that expectations for poverty reduction as envisioned in the bank’s 2002 Forest Strategy “have not yet been met”. The report is particularly critical...

-Outlook Caste has nothing to do with graft. Even so, Nandy must be heard. Forging a link, however tenuous, between caste and corruption is akin to saying  that the average Indian male  has sex on his mind, caste and communalism in his heart and indigestion in his tummy. That was an irreverent response to the sweeping statement made by the “ageing enfant terrible” of Indian sociology, Ashis Nandy, during a discussion...

-Live Mint Income-tax department says firm had underpriced intragroup share transfer by Rs 15,000 cr and evaded taxes consequently The Indian arm of Royal Dutch Shell Plc , Shell India Pvt. Ltd, has been accused by the income-tax (I-T) authorities of underpricing an intragroup share transfer by ` 15,000 crore and consequently evading taxes, said a person familiar with the development.   Following the notice, which is one of the biggest transfer pricing orders...