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Pulled to the Centre -Prabhat Patnaik

-The Telegraph The Narendra Modi government's decision to abolish the National Development Council is a further blow against the federal structure of our republic. True, the NDC did not have a constitutional status, and differed in this respect from the Inter-State Council, whose activation was often demanded by the Left, precisely because it was a constitutional body, for deciding inter alia on the composition and terms of reference of finance commissions....

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Bigger rural outlay to power growth: FM

-The Hindu Business Line 10 years on, MGNREGA to get more funds   New Delhi: Barely three weeks ahead of Budget 2016-17, Finance Minister Arun Jaitley indicated that the government could increase budgetary allocations for rural and social schemes like the Mahatma Gandhi National Rural Employment Guarantee Act. The allocation may be even higher than the ₹35,000 crore allocated in 2015-16. “One engine to grow further, despite the global slowdown that has also impacted our exports, can...

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Junk old car, get 50% excise cut on new? -Dipak K Dash

-The Times of India NEW DELHI: The government expects at least 25 lakh vehicles, excluding two-wheelers, to go off the roads once it announces its Scrapping policy for vehicles older than 15 years. Sources in the road transport ministry said the policy would be voluntary to begin with and the government would come out with incentives to encourage people to replace their old cars with new ones. The detailed proposal on Scrapping...

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NDC to be Scrapped, NITI Aayog council likely to get its powers -Puja Mehra

-The Hindu After the Planning Commission, the Narendra Modi-led government is set to bring down the curtains on another Nehruvian legacy: the National Development Council (NDC). The Cabinet will, in early January, take up its closure and also pass a resolution for transferring its powers to the Governing Council of the NITI Aayog, chaired by Prime Minister Narendra Modi. After getting the Cabinet’s approval, Mr. Modi will take up the resolution with the...

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Rich bloc wants poor nations to cut farm dole -Subodh Varma

-The Times of India After a bruising battle between the rich countries and blocs of not-so-rich ones, the Nairobi World Trade Organisation (WTO) meeting of 160 nations failed to reach an agreement on an issue that directly affects 250 million farmers and farm workers in India. One of the bitterest fights, continuing from previous rounds, saw India lead a group of nearly 50 developing countries to stave off attempts by richer...

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