-Live Mint Former Irda chief spells out the problems with regulating the insurance sector in an interview Regulators are sometimes not too keen on laying down the law because they may be too close to the industry that they are charged with making sure is complying with rules, said J. Hari Narayan, who stepped down on Wednesday as chairman of the Insurance Regulatory and Development Authority (Irda).   “There is a lot going on...

-The Economic Times Food inflation in India, as measured by food articles price index, has averaged 11.3% for the period FY 2008-09 to December 2012, with a maximum of 15.6% in 2010-11 and minimum of 7.3% in 2011-12. In December 2012, wheat prices stood 23% higher than in December 2011, and rice prices 17% higher in the same period. Although this spurt in wheat and rice prices in the face of...

-Live Mint Ministry wants UIDAI to be held liable for fake transactions, but the latter says that’s outside its mandate The transformation of India’s subsidy system to one in which cash is paid directly to the intended beneficiary is faced with a situation in which none of the various government agencies involved is willing to assume responsibility in cases of fraud, according to two people familiar with the development. The programme, the pilot...

-Live Mint The policy planners should be revisiting the fundamentals of the growth strategy India published a news story quoting from a research paper published by the Institute of Applied Manpower Research (IAMR) on the vexing issue of employment generation in the Indian economy. Referring to the compelling phase of unprecedented growth (when the average increase was 9%) in the latter half of the last decade, the IAMR study said, “Employment in...

-Live Mint Proposal aimed at beefing up security, besides making sure development reaches neglected parts of India A day after the government pledged the partial decontrol of sugar in the next fortnight, the Union cabinet on Thursday approved a set of significant measures aimed at tackling Maoist insurgency and asserting its strategic hold over an area claimed by neighbouring China.   The measures approved involve upgrading rural road connectivity with special emphasis on...