-Live Mint High on hype, the budget speech of the Union finance minister today is merely a statement of account. As India’s economy diversifies—with the private sector playing an increasingly important role—this annual feature has assumed much lower salience. Not only have fiscal policies lost the space they enjoyed in earlier years, even major policy announcements are restricted to being mere statements of account. Examples from other arenas include “activism” on...

-The Hindu In a swift move that would surely choke the supply of weapons and Improvised Explosive Devices (IEDs) to Maoist guerrilla fighters in different States, the police busted well-organised weapon-making units in Kolkata and Mumbai on Thursday. Maoist cadres were using these workshops, in central locations of Kolkata and Mumbai, to fabricate rocket launchers, pressure-activated mines and hand grenades. The Kolkata and Mumbai raids LED to seizure of bagfuls of parts...

Water is the most critical of all natural resources on which modern economies depend. Water scarcity and rapid economic advance cannot go hand-in-hand. Yet, with its per-capita water availability falling to 1,582 cu m per year, India has become water-stressed.  In 1960, India signed a treaty indefinitely setting aside 80% of the Indus-system waters for downstream Pakistan - the most generous water-sharing pact thus far in modern world history. Its 1996...

India has just been taken off the World Health Organisation (WHO) list of polio-endemic countries. And if the success of not having a single new case over the past year is sustained for another two years, India will finally emerge as a polio-free country. The nation's public health administrators and international agencies deserve praise for this achievement. This is also perhaps just the right moment to recall the hands-on leadership role...

-AP The microfinance industry pursued a path of rapid business growth in recent years; two investigations now link it to debtor suicides   First they were stripped of their utensils, furniture, mobile phones, television sets, ration cards and heirloom gold jewellery. Then, some of them drank pesticide. One woman threw herself into a pond. Another jumped into a well with her children. Sometimes, the debt collectors watched nearby. More than 200 poor, debt-ridden residents of...