Driven by spiralling prices of essential items, inflation surged into double digits at 10.16 per cent in May, the highest in the last 19 months, adding to the woes of the common man. Soaring inflation, according to analysts, may prompt the Reserve Bank to tighten liquidity at its quarterly monetary policy review scheduled next month. The essential items which have become expensive, directly hitting the pocket of the common man, include pulses,...

In the hierarchy of sins, robbing the poorest of the poor is right up there. That is what the holders of the 11.28 lakh fake ration cards in Madhya Pradesh are guilty of. By state government estimates, these duplicates constitute 16 per cent of all ration cards in the state. Since the Below Poverty Line and Antyodaya (meant for the very poorest) cards entitle holders to essential food commodities such...

The India growth story is enviable. Despite plaguing problems, India has emerged stronger and resilient to the global crisis so far. India is expected to be the world's fastest growing economy by 2018, according to Economist Intelligence Unit (EIU), the research arm of the Economist magazine. India, the second largest growing economy will overtake China as the fastest growing major economy with an average of eight per cent in the...

Two events triggered widespread condemnation and protests  Satish Shetty, who was murdered, had targeted the land mafia Dattatray Patil's targets were the powers that be in Kolhapur While Maharashtra Chief Minister Ashok Chavan is proud that the State has an impressive 98.69 per cent disposal rate of requests under the Right to Information (RTI) Act, the murder of two campaigners who used the law to good effect is a blot. First, it was...

A new draft of the National Food Security Act (NFSA) suggests offering cash compensation to poor people who are unable to receive their quota of subsidized foodgrains. The Congress-led United Progressive Alliance (UPA) government will discuss the draft with state food secretaries in a meeting on 14-15 June. “The Central government shall set up, by notification, a central food security fund for payment of compensation to state governments in the event...