-The Hindu Property empire was built on soft loans handed out in unusual circumstances, documents show In February, as rumours of the ambitions of Congress president Sonia Gandhi’s son-in-law swirled amidst the heat and dust of the election campaign in Uttar Pradesh, her daughter Priyanka moved to scotch speculation about Robert Vadra’s possible political future. “He’s a successful businessman,” the younger Ms. Gandhi said of her husband, “who is not interested in changing...

-The Times of India BHOPAL: The Lokayukta on Sunday raided the residence of a village school headmaster in Mandsaur and recovered undisclosed assets amounting to more than Rs 2.5 crore. The headmaster of the government middle school in Amlavad village, Ram Dayal Joshi (45), joined service in 1995. In 17 years since he became a school teacher, he amassed wealth including eight hectares of agricultural land, a huge plot in Urban...

-The Telegraph The enormity of the real challenge before Manmohan Singh is far higher than that posed by Mamata Banerjee. A “perfect storm” is gathering around the economy, according to a Centre-commissioned report packed with suggestions for a series of tough measures that will affect daily life and test the government’s resolve to wade further into unpalatable waters. The report presented by the Vijay Kelkar panel, which was asked to suggest a road...

-The Economic Times When the country was growing at more than 8 per cent for about a decade, services and manufacturing were the darlings of policy-makers, investors and talking heads. Agriculture, a segment that employs nearly half the hundred crore population of the country, was hardly mentioned even in passing. This year, thanks to a poor monsoon, suddenly the farmers are the centre of India's growth story, or the lack of...

-The Hindustan Times In response to the widespread protests and the nation-wide hartal last Thursday, Prime Minister Manmohan Singh addressed the nation on Friday and tried to explain why these decisions had become inevitable. The thrust of his argument was, “We need a revival in investor confidence, domestically and globally.” For this, the current high fiscal deficit must be contained and, hence, the hike in the prices of diesel and cap on...