-The Hindu Business Line Chennai: The Fourteenth Finance Commission has formulated its recommendations without any reference to the distinction between Plan and non-Plan outlays. This will facilitate greater attention to maintenance expenditure, and reduce incentives to boost capital works and show large-sized plans, said YV Reddy, Chairman of the Commission and former Governor of the RBI. Delivering the Raja J Chelliah Memorial Lecture at the Madras School of Economics on Monday, Reddy...

-The Indian Express With the land acquisition ordinance set to lapse on April 5 and a united opposition blocking the amendment bill in the Rajya Sabha, the government is set to prorogue parliament after March 20 to facilitate re-promulgation of the ordinance. While the budget session, which began on February 20, is set to continue till May 8, a month-long recess is scheduled from March 20 to April 20. But the government...

-The Telegraph New Delhi: Millions of villagers are on course to missing out on livelihood-sustaining work under the national job scheme this year if figures released by the government are any indication. The figures suggest that by the time this financial year draws to a close, far fewer families will have benefited under the scheme compared with 2013-14, while the number of persondays of work generated would also drop significantly. According to official...

-The Hindu Business Line   Will the growth-versus-distribution debate finally be settled in favour of the former? There are few areas of settled concord in economic theory. That the dynamic of power is often determinant in the limited enclaves of consent has been evident in recent times in the growth-versus-distribution debate. Residual doubts about the tilt of current policy were laid to rest with the Economic Survey for 2014-15. In this assessment of the...

-The Indian Express Unused priority sector lending funds of commercial banks will be used to set up the Rs 20,000 crore corpus of the proposed MUDRA Bank. The bank will use at least 65 per cent of its funds for lending to micro enterprises run by members of scheduled castes and tribes. Typically, domestic commercial banks deposit their lending shortfall from priority sector to the Rural Infrastructure Development Fund of the NABARD...