-The Times of India Rains could bring some relief to the UPA in the pre-election year with the meteorological department on Friday projecting a countrywide normal monsoon for 2013. The forecast should allay government's fears of food inflation jumping again over the 10% mark after being only partially tamed in the last quarter of the financial year. The weather office said that rainfall would be within the normal range - 98% of...

-The Hindu Business Line There can be no denying the need for a legal framework to ensure that the likes of Saradha do not take the entire financial system for a ride. But that said, there will always be greedy investors, willing to be taken in by the tall promises of unscrupulous operators. The latter's task is made easier by loopholes in the law. Hence, Ponzi operators used the legal loopholes...

-Live Mint Mani Shankar Aiyar, India's first panchyati raj minister, talks about the challenges the institutions face On Wednesday, India marked 20 years of panchayati raj, an exercise in devolving power to people at the grassroots. Rajya Sabha memberMani Shankar Aiyar was India's first panchyati raj minister, appointed to the newly created ministry in 2004. He headed a committee that examined the reasons why attempts at sharing power with self-governance units haven't...

-The Hindustan Times A day after the police seized Saradha Group chairman Sudipta Sen's property and froze his bank accounts for duping thousands of people with his chit-fund money-trap, a PIL was filed in Calcutta high court petitioning the court to order a CBI enquiry into the Saradha Group. Income Tax officials and Left MPs have also decided to nail all those involved with the dubious firm. While the Income-Tax department is planning...

-PTI Washington: World Bank President Jim Yong Kim has praised the cash transfer programmes being implemented by several countries as an effective way to help the poor and reduce poverty. Without naming India, which is one of the countries implementing the cash transfer programme, Jim described the scheme as an important step towards inclusive growth. He was speaking at the ‘Fiscal Policy, Equity and Long-Term Growth in Developing Countries Conference' held at...