-The Business Standard NC Saxena, a former member of the National Advisory Council believes that the regulatory regime in the states continues to be oppressive. In an e-mailed interview with Aditi Phadnis, Saxena says that the fundamental problem in India is the low tax-GDP ratio and neither the last government nor the current one seems interested in increasing revenues. Edited excerpts: * The new government appears to be watering down a lot...
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Food law adrift as government trims grain purchases -Sanjeeb Mukherjee
-The Business Standard The NDA is looking to reduce fiscal deficit not by chopping social sector spending but by paring it down Finance Minister Arun Jaitley is fairly confident the government will meet this year's fiscal deficit target. At 4.1 per cent of gross domestic product the deficit looked looked like a bit of stretch in July but the food subsidy, for one, is not going to balloon as in previous years. The...
More »A workforce on the move, literally -S Chandrasekhar
-The Hindu Business Line The number of people commuting between rural and urban areas and across geographies has risen dramatically In the last couple of decades, the number of people commuting between rural and urban areas on a daily basis has seen an explosive growth. This includes unskilled workers without a fixed place of work. According to the National Sample Survey Organisation, between 1993-94 and 2009-10, India saw a nearly fourfold increase (from...
More »83% of winners in Haryana crorepatis
-The Times of India NEW DELHI: Money power seems to have emerged the winner again in this round of Haryana assembly elections with an overwhelming 83% of the winning candidates part of the crorepati club. About 75 of the 90 newly elected MLAs in Haryana are crorepatis with BJP leading the pack. Forty of its legislators boast of assets in excess of Rs 1 crore. Though the total number of criminal netas...
More »Now, Centre to cap subsidy on cooking gas -Jyoti Mukul & Sudheer Pal Singh
-The Business Standard So far, there was a cap on the number of subsidised cylinders alone, not on the subsidy Taking the next step in liquefied petroleum gas (LPG) pricing reforms, the National Democratic Alliance (NDA) government has decided to cap the subsidy on domestic gas cylinders. So far, there was a cap on the number of subsidised cylinders alone, not on the subsidy. Union Petroleum Minister Dharmendra Pradhan told Business Standard a...
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