-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...
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That ’70s show: ‘Levy rice’ to end in October -Sandip Das
-The Financial Express The government has decided to dispense with "levy rice", a mandatory system under which rice millers also undertake rice procurement for the public distribution system by buying paddy directly from the farmers, effective the next marketing season starting October. The system, introduced way back in 1978, is set to be withdrawn as the government felt that a lack of effective supervision often allowed the millers to avoid paying minimum...
More »After US, European Union diplomats in Delhi to get air purifiers
-The Times of India NEW DELHI: The European Union has directed its diplomats in Delhi to install air purifiers at home and office to reduce exposure to high air pollution levels. Ambassador and Head of Delegation of the European Union to India Joao Cravinho said EU would not monitor air pollution levels in Delhi as the US embassy in Chanakyapuri is already doing so but hoped India would implement tougher policies to...
More »India Matters: Demanding Toilets All India -Sutapa Deb
-NDTV Our journey takes us to five villages in Sehore district, Madhya Pradesh, to meet families that do not have a toilet at home. Nearly 65 per cent of households in rural areas of the state are without toilets. Prema and Tanu belong to a Scheduled Caste family of daily wagers in Ahlada Kheda. Students of Class 9 and 10, they are exposed to children from different socioeconomic backgrounds at...
More »Modi government accepts Finance Commission recommendations, states to get 42% share in central taxes
-The Times of India NEW DELHI: The Modi government said on Tuesday that it has accepted the recommendation of Finance Commission to raise the share of states in central taxes to 42 per cent from current 32 per cent. As per the increased devolution suggested in the report of the 14th Finance Commission, the states will get Rs 3.48 lakh crore in 2014-15 and Rs 5.26 lakh crore in 2015-16. "The higher tax...
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