-The Hindu Business Line Outstanding subsidy bills for the fertiliser sector will exceed ₹40,000 crore by March, according to the Fertiliser Association of India (FAI). Domestic urea manufacturers are the hardest hit with dues amounting to ₹30,000 crore. The industry also sent an ‘SOS' to the Finance Minister appealing to intervene and institute a Special Banking Arrangement to help tide of the liquidity crisis facing fertiliser manufacturers. "While the domestic urea industry is...

-The Hindu In the present state of the economy, when there is excess capacity in manufacturing, adequate stocks of foodgrain and the inflation rate is trending downwards, there is an opportune moment for a public investment-centred fiscal expansion Over the past eight months, the government has issued some strong statements on the economy and taken some bold steps aimed at transforming it. As it prepares to present its first real Budget we...

-Business Standard The authority will have the powers to regulate waste management and conduct studies regarding environment and ecology The National Democratic Alliance (NDA) government has invited consultants to redraw the green laws of the country following up on the T S R Subramanian committee report. The consultants to be hired through a bid will help the government draw up an umbrella environmental law, which will subsume the existing legislations, as recommended...

-The Hindu Measures on urea, LPG, kerosene to go The Modi government is putting on hold its plans for some key economic reforms Union Finance Minister Arun Jaitley had announced in his maiden Budget last July. These include decontrol of urea prices, fewer subsidised cylinders a year and withdrawal of kerosene from the public distribution system (PDS). Fertilizer Minister Ananth Kumar told The Hindu that the administered price controls for urea would stay. "We...

-Oxfam Blog Vanita Suneja, Oxfam India's Economic Justice Lead, argues that India can't progress until it tackles rural poverty. This entry was posted on 3 February 2015. More than 800 million of India's 1.25 billion people live in the countryside. One quarter of rural India's population is below the official poverty line - 216 million people. A search for economic justice for a population of this magnitude is never going to be...