As policymakers gear up for their biggest battle against inflation, worrying signs about India’s boom-boom growth story emerged. The first warning signal went up today with the government’s statistical office announcing that the index of industrial production (IIP) — the broadest measure of plant and factory performance —had grown by a piffling 2.7 per cent in November against a market consensus of 6.6 per cent. The index stood at 317.9 —its lowest...

There is nothing sinister or diabolic about Union minister Kapil Sibal’s latest argument regarding the findings of the Comptroller and Auditor General (CAG) of India pertaining to the loss to the exchequer from 2G telecom licences in 2007. The basic argument pertaining to the erroneous notion of “presumptive loss” has been made before and Mr Sibal’s arithmetic is credible. Too much need not be made about this being a ministerial...

Since 1947, successive governments have missed innumerable opportunities to put the country on the path of sustained, inclusive growth. Time and again, quixotic ideology has led to meaningless debates, antediluvian policy and inexplicable strangulation of capacity buildup in both physical and social infrastructure. Even today, while the gap between current and projected national demand and supply is well acknowledged, the government continues to drag its feet in creating the policy...

The CBI's record in the Jain hawala case was disappointing. But there are powerful elements in favour of unravelling the truth in the 2G scam. On December 16, 2010, the Supreme Court (Justices G.S. Singhvi and Asok Kumar Ganguly, ) ordered a comprehensive and thorough investigation by the Central Bureau of Investigation and the Enforcement Directorate into what has become notorious as “the 2G scam.” The investigation, into spectrum allocation from...

A new politcal party has been floated by the Adivasi community in Assam with a sole agenda of demanding the scheduled tribe (ST) status for the Adivasis in Assam. Assembly Elections in Assam are likely in to be held in the month of April-May along with Kerala, Puduchery, Tamil Nadu and West Bengal. The new political party christened as Assam Mukti Morcha (AMM) is reportedly backed by the Jarkhand Mukti...