Work on a new base year will start the moment the government starts releasing key economic data such as the Wholesale Price Index (WPI) and the Index of Industrial Production (IIP) with 2004-05 as the reference point within a few months. The National Statistical Commission (NSC), under C. Rangarajan, has recommended that the base year be updated every five years. Officials in the ministry of statistics and programme implementation (Mospi) say...

Against the backdrop of allegations about under-utilisation of funds in the Northeast, Prime Minister Manmohan Singh today bemoaned this trend, while claiming that the current Union government has made allocations to the region like never before. “All I can say is that our government has increased very substantially the allocations for the development of infrastructure in the northeastern region. I think the amount of money that we have allocated has...

India is setting up a $150-million corpus using funds from the World Bank, European Union and the UK government’s Department for International Development to hatch innovative strategies to universalise secondary education. Called the National Innovation Fund, the corpus will provide financial support to out-of-the-box projects for which budgetary funds cannot be used because of the risk of failure, top government officials have told The Telegraph. “Think of the fund like a...

In the least remarked upon move by the government to take on the development challenge in left-wing extremist (LWE) areas, Sudha Pillai was elevated to member-secretary of the Planning Commission on the eve of her retirement from the IAS. A topper in her batch, Sudha was initially posted to her home state of Punjab and then moved to Kerala after her marriage to her batchmate, present home secretary Gopal Pillai....

In India peasantry is under assault. There is a five-pronged attack on this class and the mighty Indian state is sometimes an active and sometimes a passive abettor. The first point of attack is from the corporate sector. The corporate sector is in a land grab mode. Though not justified, one could understand their urge to get land for industry and real estate purposes. Not that they are causing aggressive...