Unlike in some countries as the US, the judges of the Supreme Court of India sit in some 13 Benches and deliver judgments. Each judgment is taken as that of the court. One Bench might take a harsh view on a subject while another may be lenient. This was evident from two judgments delivered by two different Benches on the simmering issue of the “first-come, first-served” (FCFS) policy. One dealt with...

-The Hindustan Times The Planning Commission on Tuesday admitted of a serious flaw in the National Sample Survey data and national accounts, which led to pegging the poverty line at Rs 28 per capita daily consumption in cities. Plan panel deputy chairperson Montek Singh Ahluwalia said the discrepancy between the consumer survey, on whose basis the poverty number were derived, and national accounts was a serious statistical problem. The commission...

The finance minister’s budget includes a big boost in spending on reducing malnutrition, clearly the priority among the social services programs of the Congress party-led government. Finance Minister Pranab Mukherjee said India will increase spending on malnutrition programs by 58% in fiscal 2012-13 to 158 billion rupees, or about $3 billion. Included in this new spending is a plan to reorganize the Integrated Child Development Services, the central government-led initiative that has...

In the first instance of Maoists targeting foreigners, two Italian tourists were abducted in the forests bordering Orissa's Kandhamal-Ganjam districts. The kidnapping came to light late on Saturday night after the Maoists released two men abducted along with the Italians, Bosusco Paolo and Claudio Colangelo.  The Maoists claim the four were kidnapped on March 14. This came to light only after the release of Sontosh Moharana and Kartik Parida with audio...

Finance Minister Pranab Mukherjee maintained on Sunday that the budgetary proposal to amend the Income Tax Act with retrospective effect from 1962 to assert the government's right to levy tax on merger and acquisition (M&A) deals involving overseas companies with business assets in India is not Vodafone “case specific,” but an enabling provision to protect the fiscal interests of the country and avert the chances of a crisis. Faced with all-round...