-The Hindu Even as the Reserve Bank of India (RBI) frets over the high rate of inflation and wards off pressures to cut interest rates, it is faced with another challenge. Balance of payments data for the second quarter of 2012-13 show that the current account deficit continues to rise, and has touched a record 5.4 per cent of GDP. Both of these developments that would be considered signs of “overheating”...
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We Have Created Path for Permanent Development: UP CM
-Outlook Lucknow: Uttar Pradesh Chief Minister Akhilesh Yadav, who today completed one year in office, claimed that his government has created 'path for permanent development' of the state and people's faith in democracy has increased. "We can claim that in the last one year we have created path for the permanent development of the state. The government has worked in every sector and taken the state forward," Akhilesh said here on the...
More »India, other developing nations drive global economic growth: UN -Arlene Chang
-First Post While the average Human Development Index (HDI) for the region is 0.558, below the world average of 0.693, South Asia saw the highest growth in the index between 2000 and 2012, according to the United Nations Human Development Report 2013. The region registered an annual growth of 1.43 percent in HDI, the highest compared to other regions. It also said that the developing countries as a whole are driving the...
More »From transparency to accountability-Nikhil Dey and Anjali Bhardwaj
-The Indian Express With the Union cabinet having approved the Right of Citizens for Time Bound Delivery of Goods and Services and Redressal of their Grievances Bill, 2011 (hereafter referred to as the GR bill), Parliament has an opportunity to enact a law that would give citizens a way in which to hold government functionaries accountable. An effective GR act has the potential to transform the relationship between an ordinary Indian...
More »Jairam Ramesh, Rural Development Minister interviewed by Urmi A Goswami
-The Economic Times A balance between the need to unleash animal spirits and the larger issues of ethical governance is essential for the country to move ahead, Rural Development Minister Jairam Ramesh tells ET in an exclusive interview. * Is unleashing animal spirits still the main focus of the government? Unleashing the animal spirits is all very well but it has to be in an ethical framework. Markets is all about...
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