-The Deccan Herald The government will not reduce subsidy on food items, fertilisers and development schemes in the current financial year starting April from what was paid in 2013-14, Minister of State for Finance Nirmala Sitharaman said. "The government does not plan to cut subsidies given in schemes like Mahatma Gandhi National Rural Employment Guarantee Act and National Food Security Act," the minister said in reply to a question in the Rajya...

-The Hindu India must devise a demographic policy to separately meet the requirements of the young, middle-aged and elderly The Census data released recently show that unemployment in the country, especially among the youth, is very high, averaging nearly 20 per cent for the age group of 15-24 years. In some States like Chhattisgarh, Madhya Pradesh, West Bengal, Rajasthan, Himachal Pradesh and Jammu and Kashmir, the unemployment rate is above 25 per...

-The Hindu Business Line The Rangarajan panel has added to the confusion. Let's have one final committee to set things right There is constant confusion in India over BPL (below poverty line) figures proffered by different agencies. The latest is the debate over the Rangarajan Committee's estimates, as against the assessment of the Tendulkar Committee. The difference in their estimates is due to variation in the parameters adopted. In other words, the definition...

-PTI New Delhi: With an aim to save standing kharif crops from weak monsoon, the Centre on Thursday announced 50 percent diesel subsidy to farmers in places where rainfall deficiency was more than 50 percent as on July 15. The 50 percent subsidy will also be applicable to places as and when states declare them as drought-hit. The government also raised the subsidy ceiling to 50 percent on seeds in order to partially...

-The Financial Express World Bank's latest data suggests realisation of millenium development goals may not be far off. Reduction of poverty and hence, how it is measured, has long been a contentious political economy issue in India. There is general discomfort every time the headcount ratio of the number of poor, based upon an accepted methodology recommended by an expert committee, declines; this then triggers a process to revisit known issues by...