-The Hindu   Since the time of Dadabhai Naoroji, Indians have always been captivated by the idea that our national wealth is slowly being drained abroad. That is why the Supreme Court's decision to set up a Special Investigation Team to ensure the return of money stashed abroad will be widely welcomed. What happens to the ill-gotten gains stashed at home, however, is anybody's guess. Black money is generated by the...

The mid-term appraisal of the rural development programmes during the ongoing 11th Five-Year Plan points out several holes in the implementation of the Mahatma Gandhi National Rural Employment Guarantee Scheme in Uttar Pradesh. This not only reaffirms the public perception of poor performance of UP, but also sets aside the defence put up against scathing criticism of her government by chief minister Mayawati time and again. The development has come...

-The Business Standard   Political rhetoric dominated the Federation of Indian Chambers of Commerce and Industry (Ficci) annual executive committee meet today, even as two key faces of Mamata Banerjee’s administration reiterated the government’s stance of not acquiring land for industry. “Under no circumstances will the government acquire land for the industry,” Partha Chatterjee, West Bengal’s commerce and industries minister told the industry body. Also present at the event was state’s finance...

Boommi Gowda used to fear the night. Her vision fogged by glaucoma, she could not see by just the dim glow of a kerosene lamp, so she avoided going outside where king cobras slithered freely and tigers carried off neighborhood dogs. But things have changed at Gowda's home in the remote southern village of Nada. A solar-powered lamp pours white light across the front of the mud-walled hut she shares with...

-The Times of India   Food inflation eased to a six-week low on the back of improved supplies of vegetables and pulses in mid-June but fuel inflation inched up sustaining the price pressures on the Economy. Data released by the commerce ministry showed that food inflation slowed to 7.78% in the week to June 18, declining from the previous week's 9.13%. Food inflation has been volatile in the past few months...