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Government calls all-party meet to relook on Land Acquisition Act

-The Economic Times Most state governments have sought a relook at UPA's Land Acquisition Rehabilitation and Resettlement Act, 2013, pushing the Centre into convening an all-party meet, probably as early as the next fortnight. A consensus at the meeting of all parties heading state governments will let the Centre amend the law in the current monsoon session itself. This revision of the land law is imperative for the Centre to execute major infrastructure...

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India needs more than Narendra Modi's trickle-down model -Maitreesh Ghatak

-The Guardian India's PM points to Gujarat as an emblem of economic success. But despite impressive growth, the state lags behind on welfare Narendra Modi has just unveiled his first budget after winning a massive electoral victory on a development platform. The budget presented last week has disappointed those who were expecting stronger signals about a pro-market shift in economic policy, as well as in the stock market. However, the budget has...

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Major diabetes, cardiac drugs to become up to 35% cheaper -Rupali Mukherjee

-The Times of India MUMBAI: In a move that has surprised and shaken the industry, prices of widely-used expensive anti-diabetic and cardiac medicines will reduce by as much as 35% over the next few weeks, with the drug pricing regulator, National Pharmaceutical Pricing Authority (NPPA), deciding to bring them under price control. In a rare invocation of a lesser-used provision in the Drug Price Control Order (DPCO), NPPA has fixed the prices...

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The good is in the detail -S Gurumurthy

-The Hindu   The national discourse is so superficial that it only talks of foreign direct investment, investment allowance, tax sops and the like which are just about a twentieth to a sixth of the national economy. It did not even notice paragraph 102 in the Union budget speech which is about half of India's economy. Commentators see facts hidden in budgets as the "devil's in the detail." This presumes that only...

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Small beginning in the right direction -Prof. MS Swaminathan

-The Hindu Overall, the Budget places considerable emphasis on agricultural renewal and agrarian prosperity. Obviously, the allocations are small but a beginning has been made to look at the problems in farming in a more holistic manner. The Union Budget is a resource allocation exercise. The priorities in the allocation were indicated in the address of the President to Parliament on June 9. While the President's address provides a framework for political...

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