-The Indian Express   Time to take the bolder steps, bring FDI to small towns When the GDP falls below 7 per cent, we need to start worrying. When it is less than 6 per cent, we must treat it as a crisis situation. Growth models show that the robust investment rates already achieved, and twice the productivity growth achieved in the 1980s and ’90s, will get us 8 per cent growth. This...

-The Telegraph On a full-attendance day at a business process outsourcing centre in a village in Uttar Pradesh, 40 boys and girls work on computers, each of their desktops powered by rooftop solar panels that turn sunlight into electricity. Their workplace, a two-storey building, is the only structure in Sonari, a village of about 1,700 people and located about 50km from Lucknow on the road to Sitapur, where electricity is guaranteed nine...

-Down to Earth As corruption hijacks procurement centres in Bundelkhand, farmers prefer suicide to a debt trap. Richard Mahapatra reports from Uttar Pradesh with photographer Sayantoni Palchoudhuri A fatal paradox strikes Bundelkhand in the face—an overflowing wheat stock yet an overwhelming number of farmer suicides. Farmers here dread the government wheat procurement centre and the post-mortem house. In Orai, a small town in the Bundelkhand region of Uttar Pradesh, the two are...

Pointing out that fiscal deficit was a cause of concern, C. Rangarajan, Chairman of the Economic Advisory Council to the Prime Minister, said on Friday that action on reducing fuel and fertilizer subsidies would be taken “as early as possible.” “I would not like to put a time frame, I can only say that action will be needed and therefore will be taken as early as possible,” he told journalists on...

Plans are afoot to cap the number of subsidised LPG cylinders at six to eight per annum to reduce the losses of state-run oil firms and bring down the burgeoning subsidy bill. Oil ministry officials said consumers might have to pay more for every additional cylinder, and the amount would be gradually linked to market rates. Sources said the finance ministry had asked the oil ministry to revisit its proposal made last...