Poverty is concentrated in the informal sectors of the Indian economy, with people in these occupations amongst the worst affected from the pernicious Licence Quota Raid Raj. This is illustrated by the sarkari controls that trap the livelihoods of some of our nano entrepreneurs - cycle-rickshaw owners and pullers - in a web of illegality. Cycle-rickshaws are an inexpensive mode of commute in many cities, and do not cause any...

-The Economic Times   A government-appointed committee has recommended a complete overhaul of government accounting norms with a view to enforcing transparency and better monitoring of public spending.  In its report submitted to finance minister Pranab Mukherjee, the C R Sundaramurti Committee has suggested rationalisation and reorganisation of the existing account classification of list of major and minor heads of accounts (LMMHA) of centre and states."  The proposed accounting classification structure will provide a...

India's economic growth has added over seven million new jobs every year for almost a quarter of a century. Workers have seen their wages - adjusted for prices - rise by nearly 3% a year. Poverty rates among wage workers and the self-employed have fallen. Going forward, with swelling numbers of new entrants - and more women entering the job market , as was the case during east Asia's rapid...

The commerce ministry will announce rules to simplify and rationalize procedures to revive special economic zones, hoping to draw investors to these enclaves once touted as centres of export excellence.  The changes, which will be notified in a week, could include a reduction the minimum-area requirement, easier vacancy and contiguity norms and allowing multi-product SEZs in sector-specific zones.  "There will be reforms and changes in policies pertaining to SEZs mainly to simplify...

With its politically crucial food security agenda facing time-consuming scrutiny by a parliamentary panel, the government is considering the option of rolling out key elements of the programme through an executive decision that can be later subsumed by an act of Parliament. Concerned the bill that negotiated divides within the government and involved discussions with the Sonia Gandhi-headed National Advisory Council might be delayed till later this year, the Centre could...