Sitting on a huge debt burden of close to Rs 2 lakh crore, West Bengal government's finances are the worst among five highly-indebted states in the country, a noted economist attached with the Indian Statistical Institute here has said. "Revenue deficit of the state is the highest among the five highly-indebted states of UP, Maharashtra, West Bengal, Andhra Pradesh and Gujarat," Abhirup Sarkar, the economist, told PTI. He said that for the...

There’s suddenly a flurry of activity in Karotia, a nondescript village in West Bengal’s Burdwan district. Lately, a lot of politicians and state government officials have been visiting the village, and they say work on a nearly forgotten 14km irrigation canal is going to start soon. It’s been nearly 36 years since the state government first proposed to dig the canal, recalls Azizur Haque, the local panchayat chief. It was to...

A higher order of political leadership, a transparent and accountable bureaucracy and activist citizen forums are imperative for effectively addressing hunger and poverty in India, N.R. Narayana Murthy, chairman and chief mentor of Infosys Technologies, said on Sunday. Addressing a policy forum at the international conference on “Eliminating hunger and poverty” hosted by the M.S. Swaminathan Research Foundation (MSSRF), Mr. Murthy said the dark side of India's growth story had been...

Finance Minister Pranab Mukherjee on Thursday countered the Opposition attack that the government's policies resulted in price rise and said the steps it took resulted in food inflation coming down. Replying to the debate on the motion on price rise, he said additional revenue measures were also taken to bring down the fiscal deficit and keep the economy in a better shape. The Rajya Sabha later unanimously adopted the motion: “This House...

India is incredible (after shining), with the fastest growth rate, an emerging demographic dividend and innovative brains for the globe. But the vast majority in rural India — employed in agriculture, small-scale and tiny industries, self-employed, and with no assets — does not find it so. This government, claiming inclusive growth for the grossly deprived and poor, has not taken actions to bring down prices of essential food items, unprecedented...