Desired outcomes can be reached through a series of ‘imperfect’ small initiatives What is to be done? How can we untie the Gordian knot that has so entangled the political economy of petroleum product prices? This is the question that now exercises our most experienced politicians and our ablest economists. Most well informed people know that a country that imports 80 per cent of its oil requirements cannot de-link itself from the...

A delay in the onset of monsoon by 3-4 days over the Kerala coast won’t jeopardise India’s farm prospects in the crop year starting June 1 as sowing usually picks up with the arrival of the seasonal showers, according to outgoing agriculture secretary P K Basu. In an interview, Basu told FE that the rainfall in June, however, holds the key. ‘‘If there are scanty showers in June, sowing may be...

-IANS Prime Minister Manmohan Singh Friday approved setting up a monitoring system to fast track implementation of major projects with outlay of over Rs.1,000 crore, a day after the official data showed contraction in manufacturing activities. "In order to address the issue of major investment projects being delayed for a variety of reasons, the Prime Minister has approved setting up of an Investment Tracking System to ensure speedy implementation of such projects,"...

Prisoners of Jharkhand — a majority of them tribals — who are facing charges of waging war against the state may have reason to believe that they are no less equal before the law than the free man. Jharkhand High Court has constituted a committee headed by Justice D.N. Patel to monitor the trial of persons alleged to be members of banned outfits such as CPI(Maoist) and PLFI and speed up...

In a major shift in policy, the Centre now plans to confine food entitlement only to below poverty Line (BPL) households and completely exclude the existing category of the above poverty line families. This is one of the significant changes proposed in the National Food security Bill which is currently being considered by the Parliamentary Standing Committee. Under the plan envisaged by the Centre, the task of identifying the BPL families will...