-The Business Standard Budget underestimates food, fertiliser subsidies If the projections in the 2013-14 Budget are to be believed, subsidies on food and fertiliser which, along with petroleum subsidy, account for nearly 95 per cent of total subsidies are unlikely to rise much in the next financial year. This prognosis, reflected in an increase of just Rs 5,000 crore in food subsidy allocation and no change in the fertiliser subsidy, is odd;...

-The Asian Age Sonia Gandhi’s economic and political ideology may have apparently triumphed over that of Manmohan Singh. The neo-liberal finance minister Palaniappan Chidambaram may be conveying an impression that he’s turned socialist with a vengeance by increasing taxes on the rich in the run-up to the 16th general elections. But the truth is that Mr Chidambaram has made certain assumptions about subsidies, inflation and the expected growth of gross domestic product...

-The Business Standard State budgets are raining sops to pull farmers' votes With elections staring at them, several state governments are suddenly waking up to the demands of farmers and offering sops to the agriculture sector in their budgets, even as farmer organisations say the state and Central governments should do more.    Karnataka, which pioneered the trend of having a separate agriculture budget--similar to the railway budget at the Centre — brought...

-Tehelka The National Food Security Act is probably going to undergo many changes before it is presented in Parliament. But everyone seems to agree that it’s time has come Towards the end of January, a few days after Republic Day and a little over a week after the Congress’s conclave in Jaipur, large half-page advertisements appeared in major newspapers: “Celebrating the 63rd year anniversary of our Republic by putting food on everybody’s...

-Outlook Production at leading automobile companies in the Gurgaon-Manesar belt, including Maruti Suzuki, Hero MotoCorp and Suzuki Motorcycle India, will be hit tomorrow as workers have decided to stay away from work in support of the two-day strike called by central trade unions than began today. "We had a meeting with representatives of different unions in the region and we have agreed to go on a one-day strike tomorrow in support of...