-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...

-The Hindu The Adivasis of Central India, who settled in the tea gardens of Assam decades ago, are still devoid of their basic rights. The even greater tragedy of the coordinated murderous December 23, 2014, attack on unarmed Adivasi forest dwellers in Assam, which left dead more than 70 people including children and women, is that the assault targeted one of the most oppressed and dispossessed communities in that entire region. A meticulously...

-The Hindu Meerut (Uttar Pradesh): Harpal, a farmer in Amroha district, used his countrymade rifle to kill himself in the first week of February. The 52-year-old farmer's son Satpal said his father was worried about not being able to return the Rs. 3.27 lakh he had borrowed from local moneylenders two years ago to buy a tractor. "Sugar mills take sometimes two years to pay the full money for the sugarcane crop. We...

-The Hindu Business Line   There's no Malthusian problem right now, but without sustainable farming the world will be in serious trouble Food security, a seemingly innocuous phrase, is fast becoming one of the most widely discussed topics of our time. A lot of us would associate ‘food security' as a challenge for the impoverished but it could potentially become a much more widespread problem straddling across geographic and economic divides. The issue of...

-The Hindu Reforms must be part of a continuing agenda. The basic principle guiding reforms must be to create a competitive environment with a stress on efficiency. In many ways the coming decade will be crucial for India as growth is the answer to many of its socio-economic problems The data on national income released recently give a new twist to India's growth story. The most significant change is with respect to...