But non-farm income keeps economy afloat   New Delhi, April 25: The rural growth story is slowly losing sheen because of inflation and rising input costs. In fact, rural price level is higher than urban price level. The March Consumer Price Index number for rural India stood at 116.3, while that for urban India stood at 114.6. Mr Ajay Sriram, Chairman and Senior Managing Director, DCM Sriram Consolidated Ltd, says the rural growth...

Former Karnataka Chief Minister B S Yedduruppa might face CBI probe for his role in illegal mining The Supreme Court has allowed 45 iron-ore mines in Karnataka to resume operations. The decision came after the apex court-appointed Central Empowered Committee (CEC) found that there was no illegality or only minor ones in their operations. The mines include those of the National Mining Development Corporation (NMDC), Mineral Enterprises Limited and Mysore Minerals...

-The Telegraph   The New York Times has reported that Wal-Mart, the US-based retail giant, hushed up an internal investigation sometime after the company was told of a bribery campaign to obtain licences and facilitate rapid expansion in Mexico. Some of the alleged instances of bribery are certain to ring a bell in India where it is not too difficult to bend rules for a price. The New York Times said its “examination...

-The Business Standard One correction - and more to come? Several developments in the Supreme Court over illegal mining of iron ore in Karnataka indicate that only the first chapter of a long-running story has been brought to a satisfactory end. The whole story offers a valuable insight into practices of governance and ways of doing business in India. The first chapter began over half a decade ago, with a report by...

-The Times of India   YAVATMAL: Information released under right to information (RTI) has revealed that the state government has paid Rs 2.83 crore to acquire land distributed to tribals and landless labourers under the Bhoodan movement to rehabilitate Pahur villagers displaced due to Bembla River Irrigation Project. Concerns are now being expressed that some government officials pocketed this compensation along with five land owners by forging documents and sale deeds. Sarpanch Ainuddin...