The advance estimate of national income in 2011-12, released recently by the Central Statistical Organisation points to a decline in India’s GDP growth rate from 8.4 per cent last year to 6.9 per this year. The government, obsessed with growth rates, is deeply disappointed. Hence there is already talk of the need to respond and demands that the Reserve Bank of India should reduce interest rates are being heard. There...

Iqbal Masud, the civil servant and critic, supported the ban on The Satanic Verses in 1989. His reason was simple: if the book remained on sale in India, Muslims would march in protest, policemen would fire upon them, some of them would die, and no book, said Masud, was worth the life of a single protester. There were, he allowed, legitimate arguments to be made about incitement, about mobs marching against...

Rural development minister Jairam Ramesh is seeking doubling of funds for water supply and sanitation programmes to Rs 20,000 crore in the upcoming budget, arguing that it is high time the Centre focused on this neglected sector.  Ramesh, who holds the additional charge of the ministry of drinking water and sanitation, has indicated that he is unwilling to settle for anything short of Rs 16,000 crore. The finance ministry has, so...

-The Economic Times   Internet search giants Google and Yahoo! are being investigated for possible violations of the country's foreign exchange law, a government official said, intensifying pressure on them as they wage a legal battle over screening of 'objectionable' content on their websites.  The Enforcement Directorate, which has reviewed data from the RBI, suspects the two companies of having violated provisions of the Foreign Exchange Management Act. It has begun a preliminary...

West Bengal: An agrarian crisis looms over the State as farmers commit suicide in spite of a bumper crop. THE topic of suicide figured repeatedly in Safar Molla's conversations with his neighbours a few days before his death. The 18-year-old marginal farmer from Kaltikuri village in Bardhaman district's Bhatar block talked about it quite casually, in fact even jocularly. Everybody in the village knew he was up to his neck in...