-Press Information Bureau/ Ministry of Finance Economic Outlook, Prospects and Policy Challenges Macroeconomic fundamentals in 2014-15 have dramatically improved. Highlights are: * Inflation has declined by over 6 percentage points since late 2013. * The current account deficit has declined from a peak of 6.7 percent of GDP (in Q3, 2012-13) to an estimated 1.0 percent in the coming fiscal year. * Foreign portfolio flows have stabilized the rupee, exerting downward pressure on long-term interest...

-Hindustan Times The government's fiscal management plan in the budget could see a roadmap on extending the controversial cash transfer schemes from just entitlements to subsidies, a move that could add Fuel to the already surcharged atmosphere over the land acquisition bill. The finance ministry has issued instructions to bring all Central schemes having a financial component under the direct benefit transfer (DBT) from April, apparently to plug leakages and to keep...

-The Indian Express   Three weeks before Greenpeace activist Priya Pillai was stopped from travelling to London where she was to speak on the alleged violation of forest rights of tribals in the Mahan coal block area of Madhya Pradesh, the Ministry of Environment and Forests asked the Ministry of Coal not to auction the block as it is "located in inviolate forest area". Pillai was stopped at Delhi airport on January 11...

-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 Business Line Though migration of labour from the east has helped revive the plantations in southern India, questions remain on the long-term implications, Vishwanath Kulkarni reports As the harvest season starts in Coorg, Karnataka, coffee planter MC Kariappa has a lot of issues to contend with - productivity, weather and, the biggest worry of all in recent times, paucity of labourers. So when a dozen labourers from Assam landed at...