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A report card for India’s states -Pranjul Bhandari

-Live Mint Cherry-picked indicators of progress cannot convey the complexities of development in India's diverse states Which Indian states have fared better than their peers and which ones have done relatively worse is a perennial question for discussion. There is more at stake than mere grading of states here. Investment flows, central government funds and praises for being a good state are all linked to this seemingly straightforward question. It seems to...

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Arvind Panagariya, a professor of Indian economics at Columbia University interviewed by Ullekh NP

-The Economic Times Arvind Panagariya, a professor of Indian economics at Columbia University, hits out at Nobel laureate and Harvard University professor Amartya Sen over his call to confront MPs with the "number of deaths" a delayed Food Security Bill can cause. The former chief economist at the Asian Development Bank counters Sen's argument that it is high social spending that has contributed to the economic growth of Asian economies such...

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Govt may take back 30 more coal blocks- Aman Malik

-Live Mint Show cause notices to be issued to companies, including Jindal Steel, Tata Power, GVK Power and Jaypee Group The government is set to issue show cause notices to the holders of at least 30 captive coal blocks, according to a senior coal ministry official with direct knowledge of the matter. Companies holding these blocks will be asked to explain why they failed to develop them and if the government is not...

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NABARD shifts blame for corporate warehousing scheme to FinMin, RBI-Shalini Singh

-The Hindu In the eye of the storm for funding corporate warehousing projects on terms far softer than those offered to poor farmers, the National Bank for Agriculture and Rural Development (NABARD) is now blaming the Ministry of Finance (MoF) and the Reserve Bank of India (RBI) for the transgressions. Following a story in The Hindu, (‘As farmers suffer, NABARD offers soft loans to corporates, ' December 10, 2012), NABARD came under...

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200 farmers detained for 6 hours -Vandana Keelor

-The Times of India GREATER NOIDA: Nearly 200 farmers , many of them partly clothed, courted arrest on Yamuna Expressway . The farmers planned to protest before Prime Minister Manmohan Singh at theAsian Development Bank (ADB) summit in Greater Noida on Saturday . The agitators , who were on their way to the Expo Mart , were intercepted and taken to the police lines . The protesters alleged that the cops...

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