-Business Standard Conventional subsidy bill of Rs 2.44 lakh crore, or 1.7 per cent of GDP, in 2015-16 If lower tax rate is equivalent to subsidising, the National Democratic Alliance government is clearly targeting the 'well-off' segment of the population. Unlike the previous years, the Economic Survey 2015-16 has dealt with the issue of subsidy by giving only a box on petroleum subsidies, while devoting a chapter with NINe-and-a-half pages to 'Bounties...

-Livemint.com A study reveals that such rainfall is influenced more by changes in conditions like local temperature and urbanization Hyderabad: The blame for extreme rainfall in India, a recurrent phenomenon in some cities, cannot be laid squarely on global warming and the El-NINo effect, perhaps. A study by the Indian Institute of Science (IISc) reveals that such rainfall is influenced more by changes in conditions like local temperature and urbanization. The study...

-The Times of India NEW DELHI: Communal violence witnessed a rise in 2015, with 751 incidents recorded across the country as against 644 in 2014. According to data put out by the government in reply to a Lok Sabha question on Wednesday, there was also a rise in casualties resulting from communal unrest last year, with dead and injured up at 97 and 2,264 from 95 and 1,921 respectively in 2014. Incidentally,...

-The Hindu Business Line The absence of a strong framework can hold up productivity improvements. But GEAC is better than having no regulator at all The clamour for the state to regulate (as against the powers of the legally mandated regulatory agency), field trials of bio-technology seeds for cotton and then mustard, is truly extraordinary. It has serious long-term consequences for the economy. The challenges to the Genetic Engineering Advisory Council’s powers to regulate the...

-Livemint.com It has repeatedly failed to protect the domestic food security agenda The cabinet’s approval of the World Trade Organization’s (WTO) Trade Facilitation Agreement (TFA) on Wednesday is, on the face of it, a relatively innocuous development. As WTO deals go, this is low-hanging fruit. The agreement is to reduce administrative barriers at ports and customs, reducing transactional costs of international trade and consequently—according to various studies—increasing global gross domestic product...