TARN TARAN, India—India's northern state of Punjab was once a symbol of the nation's economic progress, its advances in agriculture lauded world-wide as a spectacular feat that made India self-sufficient in food production. But Punjab today faces a grave economic crisis, the result of years of shoddy governance that have stunted growth and created such a mound of public debt that the state is now seeking a multibillion dollar bailout from...

-The Business Standard   Union finance minister Pranab Mukherjee was being economical with the truth when he said that last Saturday’s petrol price hike decision was entirely that of oil marketing companies (OMCs). True, the government correctly but belatedly deregulated petrol pricing several months ago, but it is clear that despite a sharp increase in global crude oil prices in the past six months, the OMCs restrained themselves from increasing domestic...

Manasi Manna of Singur hopes that Mamata Banerjee will return her one-acre plot, which had been acquired for the Nano project, after taking charge as chief minister. “My husband and I used to cultivate the land. We used to get three crops a year. We never had to worry about food. Everything came from that land. But after it was forcibly taken away for the small-car project, I have been forced...

The cheapest car in the world proved the costliest for a 34-year-old Left Front CPI-M government in India’s eastern state of West Bengal, as the communists lost the Elections here by a wide margin. The outcome is the result of an anti-left movement that began in 2006 following the controversial takeover of farmland to create a manufacturing plant for Tata Motors’ small family vehicle called the ‘Nano’. A sweep by a regional...

At home, the government is facing a barrage of allegations over corruption in public affairs, but here the Congress-led UPA-II was hailed for embracing an inclusive scheme like National Rural Employment Guarantee Act (NREGA). On Tuesday, the United Nations released a Global Assessment Report (GAR), praising NREGA and asked other nations to emulate the programme that has helped empower millions of marginalized. In a power-point presentation made during the release of the...