-The Hindu India says it is ready for a regime of stocktaking of future carbon emissions. In a clear signal that active diplomacy is at work to forge an agreement in Paris based on voluntary pledges, one that is subject to transparent monitoring, India said on Friday that it was ready for a regime of stocktaking of future carbon emissions. The U.S., on its part, said it had “nothing but respect” for...

-The Asian Age The Mahatma Gandhi National Rural Employment Guarantee Act wages is set to go up, with the government on Thursday stating that it would bring parity with the agricultural minimum wages in states. The ministry of rural development would soon ask the Finance ministry for an additional allocation of `2,000 crore to roll out the wage hike. Union minister for rural development Chaudhary Birendra Singh on Thursday informed the Lok...

-The Times of India NEW DELHI: After the success with opening bank accounts and two insurance schemes, the government is lining up a major push for retirement savings under its financial inclusion programme. The Finance ministry has begun talks to rope in 1.5 lakh post offices along with kirana shops and chemists to sell pension plans with an assurance of minimum returns. Sources told TOI that the department of posts, which is...

-The Hindu The pact will have framework on pledges by countries Paris: As talks on the text of the Paris agreement began on Tuesday, Indian negotiators said they were introducing provisions in it for a technology and financial mechanism that will make it possible to raise low-cost capital and widely deploy renewable technologies. On Tuesday, the focus was on making technological collaboration written into the Paris deal, Ajay Mathur, Director-General, Bureau of Energy...

-Livemint.com A large number of central schemes end up curbing the autonomy of states In some ways, the thunder of Finance minister Arun Jaitley’s first full-year budget was stolen by the Fourteenth Finance Commission (FFC) report. Released just a few days before the budget speech was made, the FFC brought in significant changes in state-centre Finances by increasing the devolution to states from 32% to 42% of the net Union tax...