It was Jawaharlal Nehru who said that ignorance is always afraid of change. In the light of this, there is no doubt that the Right to Education (RTE) Act is a courageous piece of legislation. But the 25% reservation clause for poor students in unaided private schools in the Act could end up facing serious operational problems. According to the law, the State will pay the private schools that admit...

Uttar Pradesh, which supposedly has a high proportion of the country's poor, has not begun the job of enumerating them even three-and-a-half months after the first deadline set by the Centre lapsed. The project started in June 2011, with the target of completing the job by the end of 2011. The Centre then extended the deadline to April. Bihar has covered just 0.1% of the population. While there is no word from...

-PTI The government on Tuesday said it has agreed in-principle to deregulate diesel prices, but is not considering similar proposal for the cooking gas.  "Government has, in principle, agreed to make the prices of diesel market determined," Minister of State for Finance Namo Narain Meena said in a written reply to the Rajya Sabha.  While petrol prices are market-linked, the government fixes the rates of LPG, kerosene and diesel, which results in a...

-AFP The Asian Development Bank (ADB) Monday urged regional governments to tackle rising income inequality with more urgency, warning any delay could undermine social cohesion and economic growth. Rajat Nag, ADB's managing director-general, said failing to address the problem now could spark further dissatisfaction and lead governments to resort to populist measures to appease their citizens. But populist measures like fuel subsidies and cash grants are taxing on state coffers and could result...

A moratorium is not the magic bullet that can slay Bengal’s fiscal demons, several economists have said, pointing out that postponing the inevitable will be of little use unless backed up by a revenue mobilisation road map. Chief minister Mamata Banerjee had yesterday set a 15-day deadline for the Centre to announce a three-year moratorium on the payment of interest on the loans Bengal had taken. “A moratorium on repayment obligations can...