TARN TARAN, India—India's northern state of Punjab was once a symbol of the nation's economic progress, its advances in agriculture lauded world-wide as a spectacular feat that made India self-sufficient in food production. But Punjab today faces a grave economic crisis, the result of years of shoddy governance that have stunted growth and created such a mound of public debt that the state is now seeking a multibillion dollar bailout from...

Two small islands in South Asia's first marine biosphere reserve have sunk into the sea primarily as a result of coral reef mining, experts say. The islets were in a group in the Gulf of Mannar, between India and Sri Lanka. The Indo-Pacific region is considered to contain some of the world's richest marine biological resources. The group's 21 islands and islets are protected as part of the Gulf of Mannar Marine National...

-The Business Standard   Union finance minister Pranab Mukherjee was being economical with the truth when he said that last Saturday’s petrol price hike decision was entirely that of oil marketing companies (OMCs). True, the government correctly but belatedly deregulated petrol pricing several months ago, but it is clear that despite a sharp increase in global crude oil prices in the past six months, the OMCs restrained themselves from increasing domestic...

Issues related to transportation of food grains persist in the 293 PDS outlets The Bombay High Court has directed the Maharashtra government to appoint a nodal officer by May 31 in the Melghat region to coordinate the work of nine departments which, apart from the public distribution system (PDS), are engaged in tribal development and child welfare. This post, meant for an IAS officer, had been lying vacant for more than two...

Manasi Manna of Singur hopes that Mamata Banerjee will return her one-acre plot, which had been acquired for the Nano project, after taking charge as chief minister. “My husband and I used to cultivate the land. We used to get three crops a year. We never had to worry about food. Everything came from that land. But after it was forcibly taken away for the small-car project, I have been forced...