-The Indian Express Full Planning Commission chaired by Prime Minister Manmohan Singh today approved 12th Five Year Plan (2012-17) document that proposes to lower annual average economic growth rate target during the period to 8.2 per cent from 9 per cent envisaged earlier in view of fragile recovery. "The Full Planning Commission approved the draft 12th Five Year Plan document, subject to certain suggestions made in the meeting," Planning Commission Deputy Chairman...

-The Economic Times MUMBAI: Soaring diesel consumption by fleet owners, telecom companies to keep their towers running and malls to pamper their affluent customers is blowing up the theory that continuation of diesel subsidies is intended to help farmers and truckers in order to keep inflation low. Diesel consumption is growing at a rapid pace that is lining the pockets of the business community rather than the government's intention to help poor...

-The Hindu What started as a dismal monsoon has since gone from bad to worse. It reached the subcontinent a few days late and its progress northwards thereafter was anything but vigorous. By the end of June, large swathes of the country had received hardly any rain and the nationwide rainfall deficit soared to 29 per cent. Even at that stage, however, there was a chance that the monsoon could recover...

-The Hindu From now on, damage to crops due to extreme cold or frost will be considered a natural calamity and the affected farmers will be eligible for financial relief from the National Disaster Response Fund (NDRF) or the State Disaster Response Fund (SDRF). The Union Cabinet, at a meeting on Thursday, approved the recommendation of the Group of Ministers (GoM) on Drought to this effect. So far, crops damaged in natural...

-The Hindu Journalists need to adopt a set of integrity measures in order to police the boundaries between the market and political power   Gina Rinehart, Australia’s richest person and the world’s wealthiest woman, is seeking three board seats following her purchase of 18.7 per cent of Fairfax which owns most papers in Australia not controlled by Rupert Murdoch’s News Ltd. There has already been considerable upheaval in two of the Fairfax papers...