Farmers of Chandauli district in Uttar Pradesh, who have been served a notice for acquisition of land for a freight corridor for Mamata Banerjee’s railway ministry, have decided to rope in all those who had backed the Singur agitation for a movement against the project. As a first, the farmers have written to Medha Patkar, the spearhead of the Narmada Bachao Andolan, who is one of the key social activists...

Since state financial corporations are set up to encourage the establishment of industries by providing loans on liberal terms, the recovery of debts from chronic defaulters is seen by courts from two angles. One is that public money is lent for starting private enterprises and, therefore, the financial institutions should be tough on the debtors. The other approach is that these units benefit the public and, therefore, the endeavour should...

Mamata Banerjee today asserted that land would not be taken forcibly for the dedicated freight corridors and multiple options were on the table to procure plots for other rail projects. “We will not take land forcefully for the dedicated freight corridor. We would negotiate and amicably settle the issue….what (is the problem) if there is a delay of four to six months,” the railway minister said during a debate on demands...

In a new twist to the alleged Rs 5,600-crore scam in giving away contracts for ambulance and emergency healthcare services to a private party in 10 states, the Centre told the SC that though the funds for the services were from National Rural Health Mission (NRHM), the onus rested with the state governments to ensure transparent bidding process. A PIL had alleged that it smelled a gigantic scam in former...

Paul A. Samuelson, the first American Nobel laureate in economics and the foremost academic economist of the 20th century, died Sunday at his home in Belmont, Mass. He was 94. His death was announced by the Massachusetts Institute of Technology, which Samuelson helped build into one of the world’s great centres of graduate education in economics. In receiving the Nobel Prize in 1970, Samuelson was credited with transforming his discipline from...