-NDTV Profit   Some of India’s biggest and most-respected entrepreneurs have released an open letter to the government. The group which includes Wipro’s Azim Premji, Anu Aga of Thermax and HDFC's Deepak Parekh, refers to the anti-corruption Lokpal Bill that is meant to be introduced soon in Parliament. The industrialists write, “The Lokpal Bill is only one small but critical step in the national task of weeding out the plague of corruption...

-The Hindu Business Line   Input subsidy expenses not contributing to boost productivity The World Bank has said that South Asia's foodgrain stock management, especially in India, needs to improve to tackle inflation. In its focus on food inflation in South Asia, the bank said that high stocks have led to high wastage due to inadequate storage capacity and technology. According to World Bank's estimates, the Food Corporation of India lost 10-16 million tonnes...

As I write this my city Delhi is drowning. It started raining early this morning and within a few hours the city has come to a standstill. The television is showing scenes of traffic snarled up for hours, roads waterlogged and people and vehicles sunk deep in water and muck. The meteorological department records that some 60 mm of rain has fallen in just about 6 hours; 90 mm in 24...

While Indian psychiatrists have rejected a World Health Organisation (WHO) study portraying India as the depression capital of the world, they say it has indirectly drawn attention to an acute shortage of trained personnel and facilities to deal with mental illness. "Declaring India as having the highest rate of major depression in the world is an aberration in interpretation," Dr. Roy Abraham Kallivayalil, secretary-general of the World Association of Social Psychiatry,...

July is a month when we need to remind ourselves how reforms have changed India since 1991, from vulnerability to resilience, whether to external shocks (say, oil) or internal ones (droughts). In 2009, we witnessed the worst drought since 1972, yet the agricultural growth rate stayed positive (0.4%), nor did we resort to any major cereal imports. And in 2010-11, we are likely to have a record harvest of 241 million...