If present political trends and shifts in Andhra Pradesh intensify, the State could see an election within a year. And not just over Telangana. When Chandrababu Naidu sits on a hunger fast for suffering farmers, you know something is afoot in Andhra Pradesh. Excessive rains have devastated the crops in the State. And losses have been enormous. But a farmer losing over Rs.15,000 on an acre of paddy will get less...

Retail giants pushing the European Union-India free trade deal promise consumers a "new and dynamic retail experience" but ignore the fate of India’s "mom-and-pop" stores and some 40 million people they employ. Four years in the making, the EU-India Bilateral Trade and Investment Agreement made serious headway during Indian Prime Minister Manmohan Singh’s visit to Brussels Dec. 10 and is due to be signed and sealed early 2011. But the negotiations have...

Farmer Dharamshyam Kujur put the hitherto nondescript village of Doba in Kudu block of Lohardaga district on the banking map of India today as he withdrew Rs 100 from his newly opened account. Watching him create history was Reserve Bank of India (RBI) governor D. Subbarao, who, as part of RBI’s ambitious outreach programme aimed at financial inclusion, inaugurated a smart card-based satellite banking system in the village earlier in the...

This week’s good news on food price inflation was evened out by the bad news on fuel prices hike. But, both were along expected lines. Thanks to the so-called “base effect” — the fact that last year this time food prices were rising sharply and since last year’s prices become the denominator in this year’s price ratio, the rate of inflation would be expected to moderate — and to an...

The Jharkhand Police has arrested seven persons for reportedly siphoning off Mahatma Gandhi National Rural Employment Guarantee Scheme funds. The FIR, filed on Tuesday at the Lapung Police Station, accuses assistant post master Binod Jaiswal, SBI’s accountant Anil Kumar Sinha, and five officials of the Block Development Office — programme officer Samir Sagar, Rojgar Sevak Sanjay Oraon, Panchayat Sevak Mansa Kachhap, junior engineer Bindeshwar Singh and assistant engineer Rahul Kumar...