This is a unique situation. For governments, development authorities, lenders and borrowers alike. On Wednesday, a Supreme Court (SC) Bench headed by Justice GS Singhvi upheld a verdict of the Allahabad High Court that quashed acquisition of 176 hectares of land from farmers in Greater Noida stating that the authorities were “sub-serving” private builders in the name of public interest. Land purchased from the government was always considered ‘clean’. This verdict,...

-The Business Standard   Indian economy has been on a sustained growth path, but Indians are still spending a major chunk of their expenditure on food items. Per capita consumption expenditure in a month was 88 per cent more in case of urban India compared to rural India during 2009-10, a trend which was more or less five years ago, according to the latest figures on consumption expenditure. Per capita expenditure on consumption for...

-The Telegraph   Bengal is the only state in India where maternal mortality rate has increased over a recent three-year period, although it is close to achieving key millennium development goal targets, indicating human and social development, for 2015. The findings of the latest nation-wide sample registration Survey (SRS) shows that India’s maternal mortality rate (MMR), the number of women between 15 and 49 years dying from childbirth associated causes per 100,000...

-The Telegraph   Tata Motors today sought Calcutta High Court’s permission to move an ex-parte petition to make amendments to its earlier plea as it had been filed in “great hurry”. The original petition of the Tatas had challenged the constitutional validity of the Singur Land Rehabilitation and Development Act, 2011, through which the government has taken back the land acquired for the Nano project in Singur. A Tata Motors spokesperson said in...

-Press Trust of India   Altogether 1,807 farmers have submitted applications for return of their land acquired for the Tata Motors Nano project here. The plea for return of land has been made under the new Singur land Rehabilitation and Development Act enacted by the West Bengal government. "Among them, 76 submitted application forms today and three yesterday," sources in the Block Land and Land Revenue office said. On the discrepancy in the notices...