-The Hindu Over 3 lakh tonnes of food grain, enough to feed 15 lakh families, is pilfered from ration shops annually Chennai: The quantum of PDS rice pilfered from Tamil Nadu is so high that it is what 15.68 lakh families are entitled to draw free of cost every month. A whopping 3.76 lakh tonnes of rice from the public distribution system goes missing annually. In financial terms, this means a loss of...

-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 In the present state of the economy, when there is excess capacity in manufacturing, adequate stocks of foodgrain and the inflation rate is trending downwards, there is an opportune moment for a public investment-centred fiscal expansion Over the past eight months, the government has issued some strong statements on the economy and taken some bold steps aimed at transforming it. As it prepares to present its first real budget we...

-The Hindu Measures on urea, LPG, Kerosene to go The Modi government is putting on hold its plans for some key economic reforms Union Finance Minister Arun Jaitley had announced in his maiden Budget last July. These include decontrol of urea prices, fewer subsidised cylinders a year and withdrawal of Kerosene from the public distribution system (PDS). Fertilizer Minister Ananth Kumar told The Hindu that the administered price controls for urea would stay. "We...

-Business Standard The move will reduce demand for diverted PDS Kerosene by improving availability of non-PDS Kerosene in the open market The petroleum ministry on Tuesday announced that the government has freed regulatory control over storage, transportation and sale of Kerosene sold outside of the public distribution system (PDS). To facilitate the move, aimed at increasing availability of white or market-priced Kerosene, the government has amended the Kerosene (restriction on use and fixation...