Delhi's private schools had complained that they were reeling under the burden of having to pay teachers higher salaries recommended by the 6th Pay Commission. A report by the Comptroller and Auditor General (CAG), however, said they used the Pay Commission as an alibi to fatten themselves. In a damNINg indictment, the auditor held that 25 elite private schools passed on the burden of implementing the recommendations of the 6th Pay...

The Niira Radia tapes have firmly put  the spotlight of adverse attention on politics and the media. But surprisingly, the loudest voice of protest—which is also a claim of innocence and a warNINg that the focus on the mud-smeared keeps attention off the real beasts in the 2G story—has come from India Inc. Ratan Tata, head of the Tata group and Radia’s foremost client, calls the leaked tapes “unauthorised” and...

Reserve Bank of India (RBI) Deputy Governor Subir Gokarn on Wednesday said food inflation was beginNINg to look structural and the best way to tackle it was by addressing supply-side issues. “We have been emphasising that food inflation is starting to look structural in nature...We have come to the conclusion that there is a structural driver to food inflation. In this case, the apt approach is to address the supply side,”...

Digital TV penetration in rural India is three-fold higher than in urban areas, says a report compiled by the Indian Readership Survey (IRS) on the pay TV sector. Though nearly 80 per cent of households in urban areas have television sets, more than double the 38 per cent in rural areas, the adoption of technology has been much faster in the latter. Digital TV penetration is 34 per cent in rural...

In the largest act of philanthropy by an Indian, Wipro chairman Azim Premji will give about Rs 8,846 crore ($2 billion) to improve school education in India. Other donations to charitable institutions by any person or corporation in India pale in comparison to this massive endowment. It effectively silences critics who say Indian billionaires are measly donors compared to foreign counterparts, and that they focus on big-name western universities rather...