-The Business Standard   Concerned over rising inflation, the Inter-Ministerial Group (IMG) today suggested opeNINg up multi-brand retail to foreign investors and changes in agriculture marketing laws to check the rate of price rise. “We are taking a clear position on Foreign Direct Investment (FDI) in multi-brand retail. Of course, it is a recommendation, not policy,” said chief economic advisor and IMG chairman Kaushik Basu. The IMG, he added, favours formulation of a...

A 30-year survey of the poor gives a wake-up call POVERTY is becoming hereditary in India, at least for a sizeable population. That is the conclusion derived from a three-decade tracking of poor households in rural India. A survey by the Chronic Poverty Research Centre (CPRC), an international association of researchers and academicians, claims that those who are chronically poor may pass on poverty to their next generation. What’s more, people residing...

The steadily rising rate of economic growth in India has recently been around 8 percent per year (it is expected to be 9 percent this year), and there is much speculation about whether and when India may catch up with and surpass China’s over 10 percent growth rate. Despite the evident excitement that this subject seems to cause in India and abroad, it is surely rather silly to be obsessed...

Villagers in Nuagaon, Gadakujang and Dhinkia have accused the United Action Committee (UAC) of helping the government acquire betelvines for the proposed Posco project. Ranjan Swain of Nuagaon, said, "For five years, the betelvines were a stumbling block for Posco to acquire land for its Rs 52,000 crores project at Gadakujang, Dhinkia and Nuagaon gram panchayats. But now their movement against Posco is falling like NINepins and the authority has...

Those unwilling to reveal their religion and caste can choose the “no caste” and “no religion” options in the caste census starting next month. But such provisions in the caste census that is being conducted after a gap of 80 years have raised questions over whether its findings will be accurate. “The enumerators will move from house to house and ask every citizen their caste and religion apart from collecting information on...