The West Bengal Government on Thursday announced subsidies on diesel for agricultural purposes and on power which will benefit consumers of up to 200 units of electricity monthly. 78 lakhs to benefit While the subsidy on diesel for the agricultural sector will be one rupee per litre, nearly 78 lakh consumers of power across the State will benefit from subsidies that will cost the State Government Rs. 120 crore annually. State Finance Minister...

When flames from an open cooking fire raced through Fida Hussein's shack in northern India, it was a disaster for him and his poverty-stricken family. "We have nothing," said Hussein as he stood in the ruins of his hut through which the sky could be seen between the burnt roof timbers in a remote corner of Uttar Pradesh, India's most populous state. India's number of millionaires grew by 51 percent...

Madhya Pradesh, Democratic Republic of Congo show near identical poverty level India ranks 63rd in the new poverty index, after Togo, before Haiti Quarter of the world lives on $1.25 a day or less: World Bank estimate New U.N. index builds up fuller picture of poor lives; Madhya Pradesh ‘comparable to Congo.' There are more poor people in eight states of India than in the 26 countries of sub-Saharan Africa, a study reveals...

The Planning Commission, in a letter to the Punjab government, has expressed “serious concern” about the “rapidly deteriorating situation regarding groundwater” in Punjab, and asked the state to reconsider its policy of free power to farmers, which “is contributing to over drawal” of groundwater. These are unquestionably questions we should be asking. Of course, these questions are embedded in a larger set of issues — the unreformed nature of electricity...

The India growth story is enviable. Despite plaguing problems, India has emerged stronger and resilient to the global crisis so far. India is expected to be the world's fastest growing economy by 2018, according to Economist Intelligence Unit (EIU), the research arm of the Economist magazine. India, the second largest growing economy will overtake China as the fastest growing major economy with an average of eight per cent in the...