-The Hindu The new method provides a more accurate picture of a company's financial position. It is also more complex, expensive and time-consuming. The Controller General of Accounts has asked the government to be careful in adopting the accrual method of accounting considering the costs involved as only a few of its departments can benefit. “We should tread this subject in a careful manner. There is no such thing as a big-bang approach....

-The Hindu Medicines remain overpriced and unaffordable in India. In a country mired in poverty, medical debt remains the second biggest factor for keeping millions in poverty. The international pharmaceutical industry has found its cash cow in India’s beleaguered consumers. With a minimum wage of Rs.250/day for a government worker, a basic wage worker afflicted with a chronic disease like multi-drug-resistant tuberculosis faces penury. His treatment, with drug combinations, which works out...

-The Hindu 13 farmers have ended life till date in 2016 owing to crop failure due to spurious seeds Andhra Pradesh: Farmer suicides mount in Adilabad, the opposition Congress has accused Chief Minister K. Chandrashekhar Rao of doing a Nero. “Ignoring the severe crisis gripping the farm sector is like Nero fiddling while Rome was burning,” observed District Congress Committee working president Naresh Jadhav, trying to drive home the point. “The enthusiasm shown...

-The Times of India NEW DELHI: Ahead of state polls in five states, the Modi government has constituted a committee of senior officers drawn from intelligence agencies and state police to keep a close watch on the movement of essential commodities in the domestic and international markets. On Tuesday, Cabinet secretary P K Sinha took a review meeting on prices of such commodities and directed all these agencies to enforce stock limits...

-The Telegraph Nagpur: Delhi Metro architect E. Sreedharan has suggested that investments in upgrading existing railway systems should take priority over high-speed bullet trains the Centre aims to roll out, his comments coming days before the rail budget. "Eventually, we must go for bullet trains but this is not the right time to invest in that system," Sreedharan, referred to as the "Metro Man" for his role in building the network in...