The 2G note has exposed the deep political rift in the top echelons of the UPA regime, spreading fear among insiders that the row will trigger repercussions within the Congress as well as the government in the coming months. The Congress leadership has decided to fully back the home minister for now but future responses will depend on the assessment of the Supreme Court. The apex court will decide whether P....

A note prepared by the Centre’s counsel and circulated among journalists today suggested the CBI would “study” and “consider” a Finance ministry note that appeared to cast aspersions on P. Chidambaram in the 2G scandal. “The new documents, filed for the first time before this court, will naturally be studied and considered by the CBI as usual and may be covered in the next status report,” the note prepared by P.P....

-PTI   Terming high global commodity prices a "grave threat", Finance Minister Pranab Mukherjee has called for developing countries to increase their investments in agriculture to improve crop productivity. "The recent commodity and food price rise and their volatility constitute a grave threat to economic growth and food security in our economies," Mukherjee said at a meeting of G-24 Finance Ministers here last evening. He took over as the new chairman of the group...

The Planning Commission, headed by the prime minister, has filed an affidavit in the Supreme Court quantifying the daily poverty line for an adult as Rs 26 in rural, and Rs 32 in urban India. At today’s relentlessly increasing prices, Rs 26 will not get a manual worker even one nutritious meal a day — leave alone the 2,400 calories he is required to eat to enable him to work,...

The Finance department wanted to know what would be the extra burden to the state to implement the 25% quota in private schools under the RTE. It got a mind-boggling figure of Rs 3,800 crore. The state unit of the Sarva Shiksha Abhiyan furnished this exact figure to the government on how much it would cost the government to reimburse private schools ( ICSE/CBSE) if the 25% seats are reserved for...