-Business Standard Indian economy is closely integrated with the global economy, which is facing a slowdown, and so the headwinds are difficult to avoid, Chief Economic Advisor Arvind Subramanian told journalists in an interaction after presenting the Economic Survey 2015-16. In this uncertain environment, monetary and fiscal policies should aim to purchase insurance, so to speak, against the global slowdown, he said. Edited excerpts: * In the backdrop of a global slowdown,...

-The Asian Age Is the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) a “living monument” of the failure of the economic policies of the Indian National Congress which has ruled the country for all but roughly 14 years since August 1947? Or is it that the MGNREGA, a law enacted a decade ago which seeks to implement the world’s biggest and most ambitious job creating scheme, one of the few...

-Business Standard Four of the 6 large states have seen uptick in rural wages, following equally sharp increase in coverage of the rural employment guarantee scheme After months of stagnation, rural wages have started inching up, albeit marginally. Coinciding with a renewed push to the rural employment guarantee scheme in the second half of 2015, rural wages have shown a marginal uptick since August. It remained nearly flat from December 2014 to...

-The Times of India Nagpur: Chairman of state task force on farmers, Kishore Tiwari, has urged chief minister Devendra Fadnavis to ban use of chemicals in 14 suicide-prone districts of Maharashtra. Tiwari's suggestion follows Prime Minister Narendra Modi's appeal to emulate Sikkim, which has become the first state to switch over to total organic farming to save environment. "To start with at least the 14 districts of Maharashtra, affected by farmers' suicide,...

-Business Standard Interim order stops registration of new diesel vehicles in Delhi In a significant measure to curb the alarming pollution level, the National Green Tribunal on Friday issued an interim order that new diesel-run vehicles will not be registered in Delhi and there will be no renewal of registration of such vehicles which are more than 10-year-old. The tribunal also asked the Centre and Delhi governments to consider not buying diesel...