-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...

-Outlook Why free mobiles to BPL folks is a bad idea  “Here you don’t have money to provide them food, and you are thinking of giving them phones,” scoffs a minister in the UPA government, obviously off the record. His comment mirrors the general negative reaction to the ‘Har Haath Mein Phone’ scheme mooted by the Planning Commission, which aims to provide a free mobile phone to each below the poverty line...

-The Telegraph One Singh has told the Congress what another Singh probably wants to: create a political environment conducive for reducing subsidies. Planning Commission deputy chairman Montek Singh Ahluwalia has told Congress MPs that subsidy cuts are essential if India has to preserve its growth momentum — a statement more in line with the known views of Prime Minister Manmohan Singh than the populist line preferred by many Congress leaders. Many Congress MPs,...

-The Indian Express As drought pushes up food prices, India must invest in new irrigation methods The speculation on the delay of the monsoons and below-normal rainfall this year is not new to India. But the drought in the maize belt of the United States — that is, in the Midwest — was unexpected. The impact of the drought will be felt on wheat and soya bean production. This will eventually lead...

Nobel laureate Amartya Sen believes that Team Anna's reading of corruption or what causes corruption or how it can removed is wrong, and that they need to look at how the economic system operates.   In an exclusive interview with CNN-IBN Deputy Editor Sagarika Ghose, Nobel laureate Amartya Sen said that instead of fasting and protesting, one should try and change the systems that provided incentives for corruption. Below is the transcript of...