-Outlook Describing the government's ambitious direct cash transfer scheme as a "powerful tool", Reserve Bank Deputy Governor K C Chakrabarty has said the initiative will help reduce fiscal deficit, which in turn will also bring down inflation if implemented well. "The direct cash transfer scheme will reduce the fiscal deficit, which in turn will facilitate inflation control," Chakrabarty, the senior-most of the four deputy governors at the Mint Road, told PTI in...

-The Hindu The Andhra Pradesh Assembly did itself proud by passing a Bill aimed at bringing the State’s disadvantaged sections on a par with the rest of society in economic, educational and human development terms in the next 10 years. The Andhra Pradesh Assembly did itself proud by passing a Bill aimed at bringing the State’s disadvantaged sections on a par with the rest of society in economic, educational and human development...

-The Times of India The income tax department's '360 degree profiling' had resulted in former corporate lobbyist Niira Radia's contacts with several bigwigs coming to light. She may have fallen off the radar but the government plans to strengthen the mechanism with finance minister P Chidambaram initiating a pilot project with the FIU (Financial Intelligence Unit) to integrate data on all suspicious transactions with the '360 degree' database. Financial transactions of hundreds...

-Outlook The cap on subsidised LPG has the UPA regime worried Something Cookin’     There’s definitely going to be a relook at the six-subsidised-cylinders cap     Fear that LPG could cause a replay of the “onion impact” on 2014 polls     Pressure from all parties for increasing number of subsidised cylinders     Central government keen that states too share burden of extra cylinders      But that could be tricky when discussing Centre-state revenue-sharing Cylinder Pricing     Subsidised cylinders...

-Rediff.com In a move that shows the urgency and seriousness with which the UPA 2 is planning the execution of first phase of direct cash transfer scheme before the January 1, 2013, deadline it has set for itself, the Union government has notified formation of two core committees -- called Mission Mode Committees -- tasked with rollout of the scheme. One can imagine the urgency and importance accorded to the direct...