-PTI   A desperate government's efforts failed today to achieve any breakthrough with Baba Ramdev deciding to go ahead with his indefinite fast here from tomorrow amidst indications that a compromise was likely in a day or two. For nearly five hours, two senior union ministers Kapil Sibal and Subodh Kant Sahay negotiated with the yoga guru over his demands on eradication of corruption at a posh hotel, a venue totally different...

-BBC   Police in the Indian capital Delhi have broken up an anti-corruption protest led by controversial yoga guru Baba Ramdev. Around 30 people were injured as police fired tear gas to disperse thousands of his supporters, reports said. He had been fasting to demand that the government takes action to recover billions of dollars of suspected bribe money held in foreign Bank Accounts. Baba Ramdev was detained by police but later released. The police...

The Union government will set up an independent financial institution to give funds for effective functioning of the self-help groups (SHGs) and better empowerment of the rural poor. UPA chairperson Sonia Gandhi announced this while launching the National Rural Livelihood Mission (NRLM), which will be funded through financial institutions. As of now, banks will be mobilised to extend loans to the tune of Rs. 6,800 crore this year at subsidised rates...

The World Bank has approved $1 billion as credit and loan to support India's efforts to clean up the Ganga river. The sprawling river basin accounts for a fourth of the country's water resources and is home to more than 400 million people. The $1.556 billion National Ganga River Basin Project with $1 billion in financing from the World Bank group, including $199 million interest-free credit and $801 million low-interest loan, was...

Exasperated with the public perception of its role, the Indian government appears keen to somehow abdicate its key sovereign function of making land available for economic development by dumping it on the private sector. This is wrong. The maintenance of up-to-date land records, the scientific identification of tracts for a shift from agricultural to non-agricultural uses and the smooth transfer of land assets are the functions of the sovereign. The...