There is a suggestion circulating in the corridors of our apex monetary regulatory authority, the Reserve Bank of India, that food inflation is beginning to look more ‘structural’ than ‘seasonal’, and it can only be tackled by addressing the supply side. We need to address both demand and supply sides simultaneously to tackle food inflation. While we must be happy that more and more poor eat fruits and cook vegetables...

Prime Minister Manmohan Singh Tuesday said he was aware of the "nervousness in the corporate sector" over phone tapping and asked cabinet secretary KM Chandrasekhar to look into the matter and submit a report within a month. "I am aware of the nervousness in the corporate sector arising out of the powers conferred upon the government authorities to tap the phones for protecting national security and preventing tax evasion and money...

The definition is contested as the answer has immense economic implications. If bamboo is a tree or timber, it belongs to the forest department and can be Auctioned to the paper and pulp industry, often at throwaway rates. If it is a grass, then it would be classified as a minor forest produce and people would have the right to cut bamboo for sale or for value addition by making...

Since the last few years, Prashan Bhushan, senior lawyer, has fired up the Indian political scene through his missionary legal practice.In the legal fraternity he is a loner because he is, always, on the wrong side of the power set up in New Delhi. In fact, when one meets the slow and soft-speaker, he hardly looks like a lawyer who is capable of shaking-up the government and its cronies.But, his...

Faced with a massive public outcry and fierce opposition from tribals, the government has, in a landmark move, decided to give tribals and other affected populations a share of the profits made from exploiting mineral resources from their land. The Group of Ministers (GoM) headed by finance minister Pranab Mukherjee on Friday finalised the contours of the draft for a new mining bill, which makes it mandatory for mining companies to...