Food prices have shot up by more than 20 per cent in the course of the past 12 months. A vast proportion of the nation is being battered by the price rise — the fixed income group, the working classes, landless peasantry and small farmers who have to buy at least a part of the grains they consume from the market. There is, however, no upheaval among the suffering people....

The houseboat industry in Indian-administered Kashmir, one of the jewels in India's tourist crown, is threatened with closure. If it does not clean up its act the courts have threatened to close down the houseboats, which have entertained visitors since British times. The boats are intricately carved and often very spacious, but 20 years of low Investment during the insurgency against Indian control of the Kashmir Valley have taken their toll....

Seven months into its second innings in power, UPA-2’s report card on key target schemes is just about average. Initiatives like Rajiv Awas Yojana are yet to be fully formulated while some others like the western dedicated rail corridor are stalled and a few other schemes are suffering from end-user glitches. A year-end review of flagship programmes, now scanned by PMO’s delivery monitoring unit apart from Cabinet Secretariat, has highlighted...

There is a ray of hope for the revival of the much-delayed mega steel plant project of South Korean giant Posco following the final forest clearance accorded to it by the Union government. Posco India general manager (external relations) Simanta Mohanty told The Telegraph: “The Union environment and forest ministry has recently accorded the stage-II approval for the forest land required for our Orissa project. We are ready to start construction...

The Indian economy should recover from the recession caused by the global meltdown. India’s exposure to the world economy is quite limited. It is mainly through the exports market and partly through foreign Investment flows either as equity or debt capital that financed private Investment. The extent of the dependence, however, is quite low. The recession in the exports market affects only few sectors, such as textile and labour-intensive manufactures...