Work on a new base year will start the moment the government starts releasing key economic data such as the Wholesale Price Index (WPI) and the Index of Industrial Production (IIP) with 2004-05 as the reference point within a few months. The National Statistical Commission (NSC), under C. Rangarajan, has recommended that the base year be updated every five years. Officials in the ministry of statistics and programme implementation (Mospi) say...

Noting that it was committed to extending social security cover to all sections, the Government on Tuesday said it had decided to set up a National Social Security Fund for workers in the unorganised sector. “The National Social Security Fund for workers in the unorganised sector would cover weavers, toddy tappers, rickshaw pullers and bidi workers with an initial allocation of Rs. 1000 crore,” the UPA government's Report to the People...

At least two persons were injured when the police resorted to lathi charge villagers opposing the establishment of a mega steel plant by Posco India Private Limited in Orissa's Jagatsinghpur district on Wednesday. The police also arrested two persons on the charges of obstructing government officials from discharging their duties. Wait till talks end The incident took place when hundreds of residents of Nuagaon village staged a dharna on the main road to...

The proposed land acquisition Bill should adopt scores of suggestions coming from judges. Few laws have drawn criticism from the Supreme Court with such regular frequency as has the Land Acquisition Act, all the more so in recent times as the weak links in the archaic law have led to continuing legal and political battles and bloodletting. Last month, the Supreme Court identified five areas of conflict arising from the inadequacies of...

The health ministry will soon finalise the syllabus for the proposed short-term medical course for training doctors especially for rural areas, an official said Wednesday. 'The course is now in its advanced stage of finalisation,' a senior official from the health ministry said. The official said almost all state governments have given their nod to the syllabus. 'The syllabus has got the nod of most of the state governments. Only...