-The Economic Times   Rural Indian households are spending more on consumer goods like durables, beverages and services than five years ago, shows the latest expenditure data that debunks the notion that rapid growth in recent years did not benefit the hinterlands. The household consumer expenditure survey for 2009-10, released by the National Sample Survey Office ( NSSO )) on Friday, shows rising real spending in rural areas, even though it...

As we close in on 20 years of Manmohanomics, it's worth remembering one chant the chattering classes uttered, first with pride, later to console themselves. “Whatever you say, we have the most honest man in Dr. Manmohan Singh. And no one can speak a word against him.” It's less heard now — those affections having been transferred to other punters in the honesty sweepstakes. But growing numbers do say this...

-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...

  A day after it accused states of running a sinister campaign to "grab" the land of poor farmers, the Supreme Court on Wednesday dealt a big blow to the Mayawati government in Uttar Pradesh by quashing a 2007 notification to acquire 156.3 hectares of land in Greater Noida. A bench of justices GS Singhvi and AK Ganguly also imposed a Rs 10 lakh fine on the Greater Noida Industrial Development Authority...

-PTI   The Supreme Court on Monday appointed a high-level Special Investigation Team (SIT) headed by former apex court judge B P Jeevan Reddy to monitor the investigation and the steps being taken to bring back black Money stashed away in foreign banks. Besides Justice Reddy, who will be the chairman of the SIT, the apex court also appointed its former judge, Justice M B Shah as the vice-chairman of the panel. A bench...