The huge expenditure on the food bill, with the attendant leakages, could well make fiscal recovery impossible In the first part of this article, we have estimated the actual cost of implementing the food security bill in its current form. In this part, we now examine the fiscal sustainability of the same. The current state of the revenue and expenditure trends of the Central government (refer table) show that while revenue...

-Rediff.com    The last six to seven years of the Nitish Kumar government in Bihar has not seen any significant increase in Maoist violence, which nevertheless continues to take a toll of lives and government property. According to figures compiled by the state police headquarters, in 2008, the Maoists destroyed three government buildings, blasted railway tracks at six places, besides two private buildings, torched five JCB machines used in road construction and 12...

-The Times of India   The Supreme Court on Friday ruled that lodging under-trial accused in jailindefinitely will breach their fundamental right to life and ordered release of joint managing director of a big grain export firm on bail in a case of alleged defrauding of nationalized banks. Releasing Dipak S Mehta of Vishal Exports Overseas Ltd on bail similar to the apex court's earlier decision to grant bail to corporate bigwigs...

-The Economic Times   In 2007, 27-year-old Kaushalendra from Bihar shunned the placement frenzy, which would see many of his colleagues earn fat salaries, in favour of a more homespun alternative: Selling fresh vegetables on a push cart to residents of his hometown Nalanda.  Putting together whatever money he had, Kaushalendra began the venture in 2008 and soon started doing well. People didn't mind paying a little more if they saw value in...

SHEILA DEVI, 54, of Nangal Kalan village in Haryana’s Sonepat district cannot comprehend how Taneja Developers and Infrastructure Ltd (TDI) procured her two-acre plot in 2004, ‘signed’ with thumb impressions of her husband Narender Singh, who died in 2002 and his brother Bhupender, who went missing the next year. The documents are obviously forged. But how did a farmers’ family get cheated in Haryana, where the land acquisition policy formed in...