In a move that could end a face-off within the government on the proposed food security Bill, the food ministry has decided to make everyone, except the so-called creamy layer, eligible for receiving state-subsidized foodgrains. Those who can afford to pay market prices will be kept out of the intended list of beneficiaries through the introduction of the exclusion criteria in the Bill, which will also seek to allocate foodgrains on...

—New York Times News Service   Switzerland has agreed to a revised tax deal with Germany, with Switzerland to pay billions of dollars on funds hidden in its banks by German tax dodgers. The deal was the latest step in an international charm offensive that is meant to salvage at least some of Switzerland's famous banking secrecy. The accord, which was tougher to reach after a deal in September was criticised by German...

It would be great if the enthusiasm on the financial inclusion agenda gets a pause from the frantic do-gooders . Too many people appear to be enthusiastic about serving the poor - and the kindness is killing. Back in 1956, we discovered that cooperatives were a great instrument to reach out to the poor. These were peoples' institutions, local and would be responsive to the problems of their members. A set of...

The housing and houselisting census data do not paint a rosy picture of India in terms of basic amenities for its households. The data on household amenities and assets, released recently by the Office of the Registrar General and Census Commissioner of India, are a stark reminder of the immense disparities that exist in India in terms of basic entitlements such as electricity, sanitation facilities, proper drainage, and clean drinking and...

The fertiliser ministry is mooting a proposal to raise urea prices by 10%. With this proposed revision, which will have to be endorsed by the Cabinet Committee on Economic Affairs, urea prices will go up from Rs 5,310 per tonne to Rs 5,841 per tonne.  This will help the government to reduce its annual subsidy burden by around Rs 2,000 crore. At present , the annual urea subsidy bill is in...