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The National Herald was a child of the freedom movement. It was started by Jawaharlal Nehru. Nehru himself reported for the paper and Krishna Menon was its London correspondent. Mahatma Gandhi wrote in Harijan in 1942: “The National Herald is an institution.” From 1938 to 1942, it lived dangerously from day to day, ready to publish anything about the freedom movement, paying the penalty of successive securities, forfeited at the pleasure of authorities. It was ordered to submit its editorials to censorship, which it refused, and not given headlines to war news which it defied with ingenuity.

As the ruling Trinamool Congress (TMC) and opposition parties gear up for the next round of West Bengal Assembly elections, their campaign themes have been established.

At long last the US Federal Reserve – America’s central bank—has raised the interest rates, albeit hardly. This is the first hike in interest rates by the US central bank in over a decade.

THIRUVANANTHAPURAM: There is no mistaking it. Narendra Modi’s maiden visit to Kerala as the Prime Minister was a damp squib though the State BJP unit would have us believe that it was a roaring success.

Differences of opinion between the Centre and the states are quite common in a federal structure. This is more so if different political parties rule in the state and at the Centre. It is not uncommon that some Chief Ministers have even walked out of the National Development Council or Inter State Council protesting against the Centre’s treatment of their states. Chief Minister accusing the Centre of using the CBI as a weapon against him or her is also not new. In fact the CBI director Ranjit Sinha even described the agency as a ‘caged parrot.’ Whether this is true or not, the CBI is not an autonomous agency and the party in power has some control over it.

Those of us who are not of Delhi and live far away from the inner chambers of power, some aspects of the new Union government's initial pronouncements were indeed exciting. Firstly, in consonance with the tone set by its leader in the 2014 Lok Sabha election campaign, the Central government wanted to be an enabler and not a micro-manager in people's lives and aspirations. Secondly, it talked about co-operative federalism, by which, real federalism would be ushered in, in a spirit of co-operation between the constituent states of the Indian Union. Right now, these feel like promises from a different planet.

The Climate Change conference in Paris recognized that the key to combating global warming lay in promoting clean energy. A CAG (Comptroller and Auditor General of India) Report on the “Renewable Energy Sector in India” placed in Parliament in the current winter session revealed that despite India’s ambitious renewable energy plans, the country’s performance in the clean energy sector has been poor.

For the country’s corporate sector apprehensive of long pendency in courts and protracted litigation on commercial disputes for resolution, help is on hand at long last. The NDA government has set off a flurry of activities on this front to give a whiff of long-felt comfort to assuage investors’ enduring worries on this count. In the ongoing winter session of Parliament, the Law Commission of India’s report with its draft bill on Commercial Division and Commercial Appellate Division of High Courts and Commercial Courts Bill, 2015 was tabled. Subsequently, the House Panel on Personnel, Public Grievances , Law and Justice under the chairmanship of Mr. E.M. Sudarsana Natchiappan also submitted its report, which also took due note of the Ordinance promulgated by the Government on October 23, 2015 making certain improvements in the Bill. The avalanche of actions apparently at least testifies to the government’s intent to bring about a helpful business policy ballast to the corporate sector.

“A journey of a thousand miles begins with a single step. It does not matter how slowly you go as long as you do not stop. Our greatest glory is not in never falling but in rising every time we fall.”

As we enter 2016, with Modi Government's third budget due in ten weeks, the domestic economy was still struggling out of a quagmire while continuing global slowdown and newer financial risks loomed large. India's growth, with less cushion abroad, could thus remain subdued within 8 per cent in fiscal 2017.