-The Business Standard The NDA is looking to reduce fiscal deficit not by chopping social sector spending but by paring it down Finance Minister Arun Jaitley is fairly confident the government will meet this year's fiscal deficit target. At 4.1 per cent of gross domestic product the deficit looked looked like a bit of stretch in July but the food subsidy, for one, is not going to balloon as in previous years. The...
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Setting diesel free is a good idea -Paranjoy Guha Thakurta
-TheGoan.net As had been anticipated, on October 18, the Cabinet Committee of Economic Affairs chaired by Prime Minister Narendra Modi decided to decontrol the prices of diesel, the most widely-used petroleum product in the country. Riding on an unexpected fall in world prices of crude oil, the government was able to simultaneously announce a sharp fall in consumer prices of diesel by Rs 3.37 per litre (in Delhi). But the decision...
More »Govt to bring in ordinance for auction of coal blocks to private firms
-The Hindustan Times The government plans to put up coal mines for bidding by private steel, power and cement companies and introduce changes in the law to enable commercial mining in the future, signalling its intent to fully open the sector to private players. The new auction-based system will replace the earlier controversial policy of allotting coal blocks based on recommendations of a panel of bureaucrats, which the Supreme Court had struck...
More »WPI inflation hits 5-year low of 2.38% on cheaper food prices
-The Hindustan Times India's wholesale inflation rate plunged to 2.38% in September, the lowest in five years, aided by a sharp drop in vegetable and petrol prices, data released on Tuesday showed, rekindling hopes that the Reserve Bank of India (RBI) will cut interest rates soon. The more than one percentage point drop in wholesale inflation rates over August's 3.74% should bring cheer to the NDA government, which rode to a landslide...
More »Making it work -Shamika Ravi
-The Indian Express The MGNREGS stands out as one of the Indian government's most ambitious social schemes, with far-reaching consequences throughout the economy. The only known recipe for poverty eradication is a combination of high growth and high development spending. Neither is sufficient. A recent study (Kapoor and Ahluwalia, 2012) has shown that post-liberalisation, one champion of poverty reduction in India is Andhra Pradesh. This reduction in poverty is widespread, as...
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