-The Times of India NEW DELHI: The Cabinet on Tuesday cleared introduction of the black money bill later this week, including a provision to allow the government to launch a one-time compliance scheme for those with black money abroad to come clean before the new law kicks in. The details of the compliance scheme, including the penalty, are expected to be announced as part of the rules. The offer for full disclosure...

-Outlook Corporate karza maafi reaches new heights, social spending new lows This year's budget write-off in customs duty on gold, diamonds and jewellery (all aam aadmi items, of course) is Rs 75,592 crore. That's well over twice the "record" amount allocated to the Mahatma Gandhi National Rural Employment Guarantee Scheme. As Prof Jayati Ghosh points out, the MNREGA has given billions of person-days of work to tens of millions of poor...

-The Indian Express The political discourse over land acquisition has proceeded in binary terms - industry versus farmer, growth versus no growth - thereby obfuscating the real issue at the heart of the land acquisition debate: the fear of arbitrary exercise of state power in reshaping property relations in Indian society. Instead of tweaking the 2015 land acquisition bill with a few amendments here and there to appease political allies and...

-The Hindu Business Line Chennai: The Fourteenth Finance Commission has formulated its recommendations without any reference to the distinction between Plan and non-Plan outlays. This will facilitate greater attention to maintenance expenditure, and reduce incentives to boost capital works and show large-sized plans, said YV Reddy, Chairman of the Commission and former Governor of the RBI. Delivering the Raja J Chelliah Memorial Lecture at the Madras School of Economics on Monday, Reddy...

-The Indian Express With the land acquisition ordinance set to lapse on April 5 and a united opposition blocking the amendment bill in the Rajya Sabha, the government is set to prorogue parliament after March 20 to facilitate re-promulgation of the ordinance. While the budget session, which began on February 20, is set to continue till May 8, a month-long recess is scheduled from March 20 to April 20. But the government...