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...

"It is wrong to say that we will become a super cabinet. We are here to get the Indian bureaucracy to see reason to carry forward social projects related to areas like health, food, agriculture speedily and make sure that people like (Planning Commission deputy chairman) Montek Singh Ahluwalia gets the correct picture and figures on social issues," a member of the National Advisory Council told rediff.com. The member argued...

Manipur households may find it difficult to fill their plates with rice next year, with the ongoing economic blockade robbing farmers of essential fuel to run their tilling machines. The food and civil supplies godown now has 7,132 metric tonnes of rice while the Indian Oil Corporation in Imphal has 1,223 kilo litres of diesel. The rice will last for a month, while the diesel can keep the state running for...

Work on a new base year will start the moment the government starts releasing key economic data such as the Wholesale Price Index (WPI) and the Index of Industrial Production (IIP) with 2004-05 as the reference point within a few months. The National Statistical Commission (NSC), under C. Rangarajan, has recommended that the base year be updated every five years. Officials in the ministry of statistics and programme implementation (Mospi) say...

India has the most inefficient bureaucracy in Asia and red-tape is much worse than in China, says a survey. In the ranking of 12 countries, India has been named as having the most inefficient bureaucracy followed by Indonesia and the Philippines, according to the survey of expatriate business executives conducted by the Hong Kong-based Political and Economic Risk Consultancy (PERC). Quoting the consultancy, news agency AFP has reported that bureaucratic red-tape is...