-Reuters   Subsidy cuts may still fail to impress investors: Experts New Delhi: India may slash its food and Fuel Subsidy bill by about $8 billion in next week's budget, two sources said, but despite the impressive headline, the cut is not as radical as free market champions had hoped for in Prime Minister Narendra Modi's first full budget. Most of the 20 per cent cut in the budget for subsidies results from lower...

-The Hindu In the present state of the economy, when there is excess capacity in manufacturing, adequate stocks of foodgrain and the inflation rate is trending downwards, there is an opportune moment for a public investment-centred fiscal expansion Over the past eight months, the government has issued some strong statements on the economy and taken some bold steps aimed at transforming it. As it prepares to present its first real budget we...

-Business Standard The move will reduce demand for diverted PDS kerosene by improving availability of non-PDS kerosene in the open market The petroleum ministry on Tuesday announced that the government has freed regulatory control over storage, transportation and sale of kerosene sold outside of the public distribution system (PDS). To facilitate the move, aimed at increasing availability of white or market-priced kerosene, the government has amended the kerosene (restriction on use and fixation...

-IPS News CHINTOOR, India- Laxman, a 10-year-old Koya tribal boy, looks admiringly at a fenced-in vegetable patch behind his home in southern India's Andhra Pradesh state. Velvety-green and laden with vegetables, the half-acre patch is where Laxman's family gets their daily quota of nutritious food. But one day soon it will disappear under several feet of water, thanks to the Polavaram multipurpose project - a 45-metre-high, 2.32-km-long mega dam currently under construction...

-The Indian Express The finance minister plans to scrap the supply of subsidised kerosene through the public distribution system (PDS) and high time, too. To begin with, why has the kerosene subsidy needed reform for decades and yet reform never materialised? Kerosene obtained through the PDS, being cheaper, is used to adulterate diesel and petrol. Kerosene leakages in the PDS are estimated to be 40 per cent of total allocations. The diversion...