-Reuters The finance minister is finding it harder and harder to meet the government's budget promises and may sweep as much as $15 billion in subsidy costs into next year's accounts to ensure he hits fiscal targets ahead of the Lok Sabha, ministry officials say. Finance minister, P Chidambaram, insists that the fiscal deficit target of 4.8% of GDP for the year to March 31, 2014, is a red line that will...
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India set for bumper winter crops in wake of monsoon rains
-Reuters NEW DELHI/MUMBAI: India looks set for bumper harvests of winter crops such as wheat, chickpeas and rapeseed in the wake of a strong monsoon that has left the soil moist and topped up reservoirs. The crops will follow bountiful summer harvests of rice and soybeans due to the rains, with New Delhi looking to boost agricultural growth to cool double-digit food inflation and revive a slowing economy as manufacturing struggles. With next...
More »Coming home after Phailin-Vasudha Chhotray
-The Indian Express October is the month of Durga Puja and like in the rest of the country, a warm festive spirit hangs in the air in Odisha. There is a sense of life at its fullest. Memories of Friday the 29th this same month in 1999 temporarily retreat to the background amidst the hope of celebration. Is it surprising that an event 14 years ago should at all be a...
More »Should Aadhaar be made mandatory?-Jyoti Mukul
-The Business Standard A Supreme Court interim order says it should not, but the issues involved may not be quite so clear cut Even as the Supreme Court sits to hear arguments on the applicability of the unique identification number, popularly known as Aadhaar, the debate around the unique identification number has already shifted from its success or reach to whether it should be mandatory. In an interim order, the apex court...
More »Elections donation season: Parties prepare for funds shower -Ritika Chopra
-The Economic Times NEW DELHI: As polls to five state assemblies draw near, Cash counters in political parties can look forward to a busy period if historical patterns are anything to go by. An analysis of donations shows that national parties typically collect more than 100 crore each during such periods. According to the data from think-tank Association for Democratic Reforms, six parties together received almost 2,500 crore in donations at the time...
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