-Reuters India's monsoon rains retreated to below average levels in the past week, the weather office said on Thursday, after scraping above average the previous week for the first time this season, keeping overall rainfall under par and pushing futures higher. Monsoon rains were 22 per cent below average in the week to July 18 against one per cent above average rains in the previous week, reflecting the return of a weak...

-The Times of India A day after US President Barack Obama's call for lifting of foreign investment curbs by India, the government on Monday shot back asking Washington not to meddle with the country's internal affairs and suggested that the world's largest economy should lead the fight against protectionism. The statement came amid protests from the Opposition, which asked the government not succumb to US pressure. "He (Obama) has every right to...

-The Hindustan Times Recently, at a rally of gram panchayat chiefs, agriculture minister Sharad Pawar told the audience, “Improving the well-being of farmers is difficult unless agriculture sheds some of its population. At least one member from the farmer’s family should seek livelihood opportunities outside agriculture.” He has often made this appeal to farmers in Maharashtra, pointing out how rich industrial countries have a small proportion of their labour force in...

-Live Mint After years of denial about problems in its flagship social welfare programme, the MGNREGS, the government has awoken to the need for an honest debate on the subject After years of denial about problems in its flagship social welfare programme, the Mahatma Gandhi National Rural Employment Scheme (MGNREGS), the government has awoken to the need for an honest debate on the subject. On Saturday, Prime Minister Manmohan Singh made some...

-The Hindustan Times   The rain gods may have brought some cheer to everyone after a scorching summer, but a sense of gloom about the Indian economy appears to be building. A study by US-based Pew Research Centre has found that while just a year ago, 51% people were satisfied with the way things were in the country (and 47% dissatisfied), today, the proportions have reversed — 59% are dissatisfied and only...