Remote controls are identified as technical devices which are used for various purposes ranging from the launching of space-ships to the monitoring of toy cars. But of late, these devices are being used to direct policies for nation states which are formally sovereign. We speak here of the powerful lobby of international credit rating agencies like Standard and Poor's (S&P), which has just delivered its sermon that India is no longer...

-The Hindu Both documents extensively discuss need for competitive bidding for scarce natural resources The fate of the Ashok Chawla Committee report on the allocation of natural resources suggests a wider government unwillingness to accept competitive bidding, auctions and market-linked pricing for scarce, natural resources lies at the heart of its 2G review petition. The Committee was set up on January 31, 2011, at the peak of the 2G scam expose and just...

The National Bank for Agriculture and Rural Development (Nabard) set up to Finance agriculture and rural development, has been giving evasive replies to specific questions raised by the Union Finance ministry and by Parliament on the nature of recommendations made by the Boston Consulting Group (BCG) to restructure the bank. Some MPs believe that the restructuring violates the role mandated for Nabard by Parliament. DNA earlier reported that the restructuring/repositioning of Nabard...

The government's efforts to widen the tax base are not paying off. New tax payers added over the past three years show a decline, while a staggering 89% of existing assessees are bunched in the lowest income bracket of Rs 5 lakh or less a year.  Numbers point to a worrying trend the government would want to reverse as while 17,84,709 assessees were added in 2008-09, the figure slid to 16,75,069...

-The Economic Times A parliamentary standing committee has taken a grim view of constant pruning of budget of agriculture ministry. It has asked the Centre to adopt a fresh outlook towards allocation of Finances to the sector as it sustains economically weak farming community.  The parliamentary panel examining the demands for grants of agriculture ministry found that in the Eleventh Plan there was a wide difference between proposed budget estimate (BE) of...