-Reuters The finance minister is finding it harder and harder to meet the government's budget promises and may sweep as much as $15 billion in subsidy costs into next year's accounts to ensure he hits fiscal targets ahead of the Lok Sabha, ministry officials say. Finance minister, P Chidambaram, insists that the fiscal deficit target of 4.8% of GDP for the year to March 31, 2014, is a red line that will...

-The Business Standard Changing aspirations and strong rural demand could explain why core inflation may not decline fast enough Recently, the Reserve Bank of India governor exuded confidence that the Indian economy will do fairly better in the current fiscal. While it is difficult to envisage a significant turnaround, we believe interpreting the recent inflation uptick may be the key to such optimism. We also think that inflation (both wholesale and retail)...

-Live Mint Not only have Bihar and Odisha grown faster they have also ensured that benefits accrue to the poorest; in Gujarat, growth has bypassed the poor Going by logic, the poor in richer states should be better off than their counterparts living in poorer states. This is especially so when the country is seeing a welcome trend: Income growth in rural areas and poverty reduction has witnessed unprecedented acceleration. Not necessarily. Not...

-Outlook New Delhi: The Election Commission has asked the Delhi government to stall the process for identifying beneficiaries under food Security scheme till December 5 when the poll process in the national capital will be over. The EC directive came in reply to a request from Delhi government to continue with identification of beneficiaries as the scheme has already been launched in the national capital. Delhi government had launched the scheme in...

-Institute of Economic Growth This paper focusses on two Indian laws that seek to guarantee socioeconomic rights: the National Rural Employment Guarantee Act (NREGA), an important example of India's recent history of legislation of social and economic rights, and the proposed National food Security Act (NFSA), currently in Parliament. Various means of democratic politics, including a ten-year old public interest litigation (PIL) in the Supreme Court and public mobilisation through the...