-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 Indian Express New Delhi: Three years after India Against Corruption (IAC) imploded and the Aam Aadmi Party was born, its activist core minus the saffron periphery have launched what is arguably the largest movement against the NDA government over the land acquisition ordinance. About 5,000 farmers from across India descended on the dirt tracks of Palwal, Haryana, in a sea of green and white flags on Friday. Over the next four...

-The Hindu Reforms must be part of a continuing agenda. The basic principle guiding reforms must be to create a competitive environment with a stress on efficiency. In many ways the coming decade will be crucial for India as growth is the answer to many of its socio-economic problems The data on national income released recently give a new twist to India's growth story. The most significant change is with respect to...

-The Times of India NEW DELHI: Inequality in South Asia is much more glaring than what government data shows because standard yardsticks of measuring income don't reveal the true picture, says a World Bank report 'Addressing Inequality in South Asia', released on Tuesday. For instance, the Gini coefficient - the standard measure to gauge income inequality - ranges from 0.28 to 0.40 in this region, suggesting a level of inequality much lower...

-The Hindu The very process of development and change in India may be generating new forms of social and economic competition that manifest themselves in terms of social bias Popular debate around social biases in India is structured around two competing narratives. One view holds that as an urbanising country with rapid economic growth over the past few decades, the importance of ascriptive identities such as caste and religion is gradually eroding....