The Planning Commission has approved irrigation projects worth an estimated Rs.2 trillion over the past year-and-a-half to bolster India’s food security, but analysts say most of the money will not be utilized because of corruption and poor execution. A total 141 projects costing Rs.1.3 trillion were cleared in 2010 alone, according to an internal Plan panel paper on investment clearance of flood control, major and medium irrigation projects and renovation and...

-The Business Standard   Demand-side control cannot be an answer beyond a point to India’s persistently high food price inflation, the World Bank said on Monday. Consumer price-based food inflation in India has been at 10-20 per cent for quite a long while, noted its report on ‘Food inflation in South Asia’. The Bank’s chief economist for the region, Kalpana Kochhar, said controlling inflation in India was a difficult job for the Reserve Bank...

In an attempt to extend the reach of banks in rural and semi-urban areas, the finance ministry has asked public sector banks to integrate their operations with regional rural banks (RRBs). "Charges for various banking services used by customers of RRBs are to be aligned with the sponsoring banks," a finance ministry official said on condition of anonymity. "Further, cheques or drafts issued by RRBs should be treated at par...

The Gandhi topis, the non-violent crowds, the banners and other symbols of protest, including tonsuring of heads, meditating mendicants, patriotic songs and fervour and, of course, the fasts, are seen as a throwback to the days when the Mahatma exerted enormous and unquestioned moral authority over the ruling government, political leaders and the populace. Most references to the “revolution” started by Anna Hazare and his group, now immortalised as Team...

Bringing an aggressive outlook to the ministry of rural development, Jairam Ramesh, who took charge of the portfolio in July, has attempted to address and fast-track contentious issues such as the proposed land acquisition legislation and the census for identifying households below the poverty line (BPL). Ramesh spoke in an interview about his blueprint for the ministry and revisiting controversial elements, including identifying the poor and poverty caps imposed by...