The reduced allocation to the UPA government’s flagship rural programme NREGA could see revenue growth in the FMCG sector falter. Consumer staples firms have been relying on rural demand growth to bolster their top line but the reduced allocation to the Mahatma Gandhi National Rural Employment Guarantee Scheme (NREGA) for the financial year 2012-13 could see growth in FMCG sales in rural areas being crimped feel industry experts. Finance minister Pranab...

-The Times of India   Should government-run companies invest in tobacco firms? This is the question that Voices of Tobacco Victims (VoTV), an NGO working for cancer patients, has raised after its recent query under the RTI Act revealed that the Life Insurance Corporation of India has invested up to Rs 3,500 crore in various tobacco companies. "It's the greatest irony that the government spends Rs 10,000 crore on treatment of tobacco-related illnesses...

Why would a politician turn cheerleader for those trying to dig dirt against the men and women who form the final but vital link in his political supply chain - the sarpanches or village heads? Perhaps to show his commitment to the government program he owes his job to. This month, Bhilwara in Rajasthan saw something best described as 'social service' meets 'crack investigation': around 1500 people voluntarily gathered and...