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No clean slate -Arvind Virmani

-The Indian Express The forthcoming budget is expected by some to be make-or-break or path-breaking, by others, to provide a legislative or economic roadmap for the rest of this government's term. Most likely, it will focus on issues within the purview of the finance ministry, namely, macro management, taxation, expenditure, the financial sector and balance of payments. The abolition of the Planning Commission and the 14th Finance Commission recommendations on tax devolution...

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Punjab offers rewards to stop stubble burning

-IANS Chandigarh: The Punjab government on Wednesday announced rewards to districts and villages across the state which curb the unhealthy practice of burning stubble (residue of harvested crops). "The Punjab government has announced an incentive for each district and village with a financial grant of Rs.1 crore and Rs.1 lakh respectively, which were free from the burning of stubble," a state government spokesman said here. "This decision has been taken to curb the...

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India has highest level of religious social hostilities: study

-IANS Washington: India had the highest level of social hostilities involving religion in 2013, while China had the highest level of government restrictions on religious beliefs and practices, according to a new study. Worldwide, social hostilities involving religion declined somewhat in 2013 after reaching a six-year peak the previous year, according to the Pew Research Center's latest annual study on global restrictions on religion released here Thursday. But roughly a quarter of the...

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An Unhealthy Health Policy -Ruhi Kandhari

-Tehelka National Health Policy 2015 draft could end up being a paper tiger Successive governments since the reforms of 1991 have been criticised for low funding on health, lowest in the world. Nearly one percent of India's gross domestic product (GDP) is spent each year on public health. But the new government has pledged to turn the tide around by increasing government spending to 2.5 percent of GDP in the draft health...

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Highlights of Economic Survey 2014-15

-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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