-Livemint.com Contrary to popular perception, it’s not because of good luck or necessarily a large growth sacrifice; policymakers deserve more credit than they get One of the most visible macroeconomic successes in India over the last three years has been the sustained moderation of headline consumer price index (CPI) inflation. CPI (industrial workers) averaged 9.5% for six years between 2007 and 2013. For the last 30 months, however, it has averaged...

-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 Tribune The UPA's flagship programme MGNREGS changed the employment scene for the rural poor. While 100-day job guarantee was a novel step, loopholes and poor implementation rendered it a liability. The Modi govt hopes to gradually reinvent the scheme, if not entirely scrap it. Midway through the Congress-led UPA's second tenure - believed to be largely the courtesy of the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) -...

-The Hindu The Warsaw negotiations have delivered empty new shells in the name of finance and technology to the developing world and repackaged existing financial commitments towards the poor countries in a green-coloured envelope The Warsaw negotiations delivered little on climate change issues but the fortnight served as a warning about the perilous task that lies before countries to produce a global compact by 2015 which matches expectations. The developed countries reached Warsaw...

-The United Nations The rapid growth of developing countries is propelling millions out of poverty on an unprecedented scale and radically reshaping the global system, according to a flagship United Nations report launched today. “The rise of the South is unprecedented in its speed and scale,” says the Human Development Report 2013, which uses the term “South” to mean developing countries and “North” to mean developed nations. “Never in history have the...