A problem of plenty is looming as by June 1, an estimated 12 million tonnes of foodgrain will have to be stored in the open in "kutcha plinths" with a bountiful Rabi harvest and procurement of 65 million tonnes of grain boosting food stocks to record levels. With states like Madhya Pradesh - apart from the wheat baskets of Punjab and Haryana - delivering bonus yields, food stocks are expected to...

The Prime Minister's Economic Advisory Council has suggested a complex combination of three pricing models to fix retail prices of 348 essential drugs to balance industry's concerns and public health. The proposal, however, has drawn the ire of drug makers who say it is a watered down version of the health ministry's proposals. The council has proposed that for medicines facing "insufficient competition" or a monopoly-like situation, the retail price should...

-DNA   Having provided forest land rights to just one in five tribals, Gujarat ranks a poor 12th in issuing forest land rights to the tribal population. As against 1,91,592 claims received for seeking forest land rights, the government distributed title deeds among 39,784 applicants, i.e. 20.76% of the claimants. This was after The Forest Rights Act 2006 was enacted and its rules framed in the year 2007. Of the total claims received by...

Move could save banks significant money spent on record-checking and documentation In what could usher in an era of paper-less, real-time authentication, the finance ministry is looking into allowing online Aadhaar authentication as a valid proof of identity for opening bank accounts. The ministry is considering an amendment to the Prevention of Money Laundering Act, or PMLA, to recognize online Aadhaar data to satisfy know-your-customer (KYC) requirements. This will pave the way for...

That the RTI has become a tightly wedged thorn in the government’s side, punching holes to expose corruption and highlight the government’s inefficiency is no shocker. What is, however, is the Maharashtra government’s recent underhanded amendment of RTI in the state through two notifications in January 2012 without any public consultation. A notification dated 16 January, restricts both the number of subject matter and words in an application such that a...