-The Hindu Driven substantially by the higher education sector, real estate deals and mining income, India's black economy could now be nearly three-quarters the size of its reported Gross Domestic Product (GDP). These are among the findings of a confidential report commissioned by the government and accessed exclusively by The Hindu. Since there were no "reliable" estimates of black money generated in India and held within and outside the country, the UPA...

-The Times of India Blog The presidential address to Parliament on June 9, 2014 had focussed nearly exclusively on projects and schemes, eschewing policy. Therefore, many had eagerly awaited the budget speech for a policy vision of the new government. Unfortunately, it too left observers guessing on whether the government would tackle tough reforms or rely principally on better implementation. Had this been the budget of the United Progressive Alliance (UPA), arguably...

-The Hindu It was late afternoon on December 21, 2012, five days after five men and a juvenile gang-raped and fatally assaulted a 23-year-old paramedic student in a moving bus in Delhi. The stream of people walking towards Raisina Hill kept growing. Every few minutes, a loud sound followed by smoke billowing from tear gas shells fired from the towering red sandstone government buildings would send the protesters running. In a...

-Vikalp A remarkable feature of the first budget of the Modi government was that the numbers in it (see Table 1 for a summary) - of the revenues that are anticipated from different source, the expenditures allocated to different heads and the fiscal deficit which expresses the gap between the aggregates of these - were almost identical to those in the interim budget presented earlier in the year by the UPA...

-The Indian Express The budget will reveal whether the BJP is committed to this transformative programme. Mohandas Pai, currently an advisor to the BJP government in Rajasthan, was asked on television how the government could "control" social sector expenditure, more specifically on the MGNREGA. He answered that the NDA should simply learn from and follow former Union minister P. Chidambaram's policy of "benign neglect". Clarifying further, he explained how the UPA...