-The Hindu In its report on the road map to fiscal consolidation, the three-member committee headed by the former Finance Secretary and 13th Finance Commission Chairman, Vijay L. Kelkar, has suggested a host of “bold reform” measures on ways of slashing the subsidy bill which, it admitted, would result in some short term pain and hardships. The committee’s recommendations also include sale of surplus land with public sector undertakings (PSUs), fast-tracking of...

-The Economic Times A nation intermittently bombarded over the past several decades by messages highlighting the dangers of smoking, the cruelty of crackers or the crime of dowry is about to get a new one, this time on the perils of cartelisation. A message that mirrors as much as it seeks to address the concerns of a globalising India and a changing society at a time the national discourse is dominated by...

-The Hindustan Times In response to the widespread protests and the nation-wide hartal last Thursday, Prime Minister Manmohan Singh addressed the nation on Friday and tried to explain why these decisions had become inevitable. The thrust of his argument was, “We need a revival in investor confidence, domestically and globally.” For this, the current high fiscal deficit must be contained and, hence, the hike in the prices of diesel and cap on...

-The Economic Times How right was the government when it stated that the under-recoveries posed a threat to 'our national economy'? Or when the government says that it gave more to the sector in the form of subsidies than it earned as fuel taxes? The government would also like you to believe that the under-recoveries, dependent as they are on the price of crude in the international market, and the exchange...

-The Hindustan Times The recent regularisation of around 900 colonies in Delhi is an inevitable and welcome move. No city can allow a majority of its residents to live in conditions of illegality, particularly when that illegality is a direct outcome of its own history of urban planning. However, why are moves to regularise unauthorised colonies not being followed by similar moves to regularise bastis (often reductively called 'slums') that house...