-Outlook Aam Aadmi Party today alleged that the Budget presented by Finance Minister P Chidambaram was a "clever attempt to mislead" public ahead of elections as it offered little remedy for the key problems facing the Indian economy. In a statement, the party claimed that the common man has reasons to feel "disappointed, if not cheated" with the Budget. "The Union Budget presented by the Finance Minister is a clever attempt to mislead...

-The Economic Times Finance Minister P Chidambaram has allocated Rs 80,194 crore to Ministry of Rural Development in Budget 2013. Giving the emphasis on education, Chidambaram said Budget 2013 will allocate Rs 65,867 crore to the HRD ministry. My budget's overarching goal is to create opportunities for our youth, he said. More than the fiscal deficit, Chidambaram said his greater worry is the Current Account Deficit. In his Budget speech, he said the 'passion...

-Live Mint Ministry wants UIDAI to be held liable for fake transactions, but the latter says that’s outside its mandate The transformation of India’s subsidy system to one in which cash is paid directly to the intended beneficiary is faced with a situation in which none of the various government agencies involved is willing to assume responsibility in cases of fraud, according to two people familiar with the development. The programme, the pilot...

-Live Mint Cabinet-approved Bill may stir up controversy after it left out a key proposal to bring CBI within its purview On the day that it approved the anti-graft Lokpal Bill, the first murmurs of dissent against finance minister P. Chidambaram’s call for expenditure cuts surfaced in the Union cabinet—over the seemingly piffling amount of `90.38 crore.   The cabinet eventually overruled the finance ministry’s objections and approved the infusion of the money for...

-The Indian Express Too many of our economic prescriptions are based on dogma, empirical half-truths It has become fashionable to say, following the conclusions of Michael Spence’s Growth Commission, that there is no single recipe for growth, only some common ingredients. Such a claim brings a due degree of modesty to what we do or do not know about growth. And at the very least, such a claim has the virtue of...