The Supreme Court has handed down an extraordinary decision with some extraordinary arguments directing the central government to execute the “river interlinking project”. How could the Court which says “it can hardly take unto itself tasks of making of a policy decision or planning for the country on the need for acquisition and construction of river linking channels” then go on to actually take the very same policy decision and...

Even as the opposition took the government to task for tweaking consumption data to show that the number of poor in India has declined, as first highlighted on Monday by Mint columnist Himanshu, Planning Commission deputy chairman Montek Singh Ahluwalia defended the methodology used for the calculation by the plan panel. Ahluwalia said the inclusion of money spent on the mid-day meal scheme in so-called private household expenditure was correct because...

Cracking the whip on officers, who have failed to declare their immovable property, the Centre has recommended "appropriate action" against 454 Class 'A' officers, including eight joint secretaries and 44 directors, that may not only delay their promotion but also invite adverse remarks in their annual performance appraisal reports. Out of these 454 Central Secretariat Service Officers, the highest number of defaulters are from the department of agriculture and cooperation (58)...

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 Economic Times World Bank has said it will extend full financial support to India to help enhance the abysmal level of infrastructural development in the country in the 12th Five Year Plan that begins next fiscal.  The World Bank president Robert B Zoellick, who begins his fifth and last official visit to India on Monday, has expressed intent to discuss innovative methods of financing with Indian leaders during his stay.  "India's needs...