Over the next month, Prime Minister Manmohan Singh is expected to review the performance of his ministerial colleagues in their first six months in office. This review exercise could be a precursor to a Cabinet reshuffle, the first since the United Progressive Alliance (UPA) government entered its second term in office.
Jyoti Basu, the 95-year-old communist, has lost touch with many of his comrades. But this morning the former chief minister of West Bengal did not forget to call his favourite Congressman to say, "Happy Birthday!"
Acting finance minister Pranab Mukherjee, who headed the Cabinet meeting on Monday, quickly came in support of Chidambaram and ruled against implementing the new system. Unlike other countries, the headline inflation based on the Wholesale Price Index, which measures the price movements of 435 items, is tracked widely instead of the Consumer Price Index as WPI data are released on a weekly basis.
Breaks self-imposed rule never to return to an office he has occupied in the past.
According to top sources, the government is all prepared to lower the prices of diesel, petrol and cooking gas after the polling is over for the last phase of Jammu and Kashmir Assembly elections on December 24. As the global crude prices have dipped to $55 per barrel now, petroleum ministry officials say even a Rs 2 to Rs 3 per litre cut in diesel prices would bring down inflation 60 to 70 basis points (100 basis points is equal to one percentage point).
Prime Minister Manmohan Singh might have succeeded in saving a few thousand jobs in corporate India when he met industry captains last week, Jet Airways may well have retained its 1,900 employees, but here in the hinterland of Uttar Pradesh -- famed as the carpet hub of India -- the poor are being retrenched in thousands.
General elections are likely to be held in April next year, which has been emerging as the most acceptable option in the Congress camp as the party and its United Progressive Alliance government are apprehensive about the ripple effects of the global economic slowdown on India and want time to enable this to abate.
After the Centre's announcement that Maharashtra will get a French-built nuclear power plant, West Bengal could be the next in line for this central gift. But there is a problem: The plant is likely to be American-built. So, the Left-ruled government in the state is thinking if it wants to give land for a reactor built by the Americans.
According to party sources, the situation is more or less beyond repair. "We can forcibly remove Mamata Banerjee's agitators from Singur within a few hours. But it seems the Tatas have developed cold feet. After whatever has happened over the last few weeks, it is almost impossible to convince the Tatas to stay back in Bengal and restart the Nano project," said a central committee leader of the party.
Speaking at a rally at Dadri in Uttar Pradesh on Tuesday, Sonia Gandhi said her party was not against land acquisition for industry. "But farmers should be given adequate compensation. They should also be given stakes in the projects coming up on their land," she said.
JWT, Crayons in race for Congress account, BJP calls for a pitch.
Congress President Sonia Gandhi has been consistent in warning the party against high prices and has asked government leaders to act fast. She has been assured the inflation rate will come down to single digits from the current 12.14 per cent around November-December. Party sources say the recent blasts in Delhi will be one reason the elections may be called only in February.
In what would be a significant boost to the domestic entertainment industry, the United States has been roped in as the partner country for the 2009 Ficci Frames - the annual global convention on the entertainment and media industry that is partly sponsored by the Ministry of Information and Broadcasting. It will be the tenth year of Ficci Frames next year.
There was no applause for Finance Minister P Chidambaram when he spoke to Congress spokespersons summoned to Delhi by party president Sonia Gandhi to explain the economic issues of inflation management.
Finance Minister P Chidambaram today revealed that while he favoured tough administrative measures to control price rise, there was no unanimity on this issue in cabinet.
this is not Orissa or West Bengal or Haryana or any other part of India where villagers are protesting against acquisition of farmland for industry or special economic zones. This is Mayawati's Uttar Pradesh -- where the chief minister wants around 400 hectares from four villages to create the mother of all gardens. The strategic location of the green belt, locally referred as "picnic spot", will ensure that Mayawati's farmhouse, which she hasn't visited even once, wil
The world economy has slipped into a state of stagflation, says Reddy.
In an earlier analysis for the period till April 26, it had been found that of the 365 items in the WPI, the index for as many as 166 items had not been revised for more than four months. The latest analysis as of June 21 shows that the index for around 55 of these 166 items has been revised. In effect, only one-third of the items have seen an index revision. During this period, headline inflation has moved from 8.27 per cent to 11.63 per cent.
Congress member V Kishore Chandra Singh Deo could occupy the Lok Sabha Speaker's chair in case Somnath Chatterjee opts to quit his post. According to top party sources, Singh Deo, who represents the reserved Parvathipuram constituency of Andhra Pradesh, has been considered the most appropriate Congress MP to replace Chatterjee.
The move aimed at blunting Finance Ministry, RBI's opposition to monthly reporting.
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