-The Business Standard   Economists question veracity of the data; say too early for RBI to cut rates. Food inflation for the week ended December 10 fell to a four-year low of 1.81 per cent, after decliNINg to 4.35 per cent last week. The decline is much sharper than what Chief Economic Advisor Kaushik Basu expected — he had predicted less than three per cent food inflation by early January. What’s more, many...

The setting aside of 50% of seats in the proposed Lokpal for Scheduled Castes, Scheduled Tribes, Other Backward Classes, women and minorities, triggered a sharp debate within parties today around a central, normative question: should social diversity, especially inclusion of minorities, weigh in an empowered body to “fight corruption?”   While the BJP has opposed it and Team Anna, caught off-guard on a sensitive political issue, has declined to comment, legal experts...

-Express News Service   Virtually forced into drafting it, the government today introduced a bill in the Lok Sabha that aims to fight corruption via the Lokpal at the centre and Lokayuktas in the states, an unprecedented oversight body whose members are selected, and which is set to be dominated by members of the higher judiciary. The singular theme emerging from the proceedings of the house today was the unease across the political...

-Express News Service   The government today decided to create a 4.5 per cent sub-quota for backward minorities within the 27 per cent quota for Other Backward Classes (OBCs) in jobs and admission to educational institutions.   The political significance of the move lies in its timing just ahead of elections in Uttar Pradesh. The sub-quota was one of the Congress’s 2009 poll promises, but it appears in the current context to be targeted...

-PTI Seventy-four per cent Indians feel that the level of corruption in the country has gone up in the last three years and perceive politicians and police to be the most corrupt, according to a survey.  The survey, released by Transparency International, found that 64% Indians bribed police for one reason or the other while 55% felt that the government was ineffective in the fight against corruption.  Majority of Indians opined that politicians...