-Press Information Bureau/ Ministry of Finance Economic Outlook, Prospects and Policy Challenges Macroeconomic fundamentals in 2014-15 have dramatically improved. Highlights are: * Inflation has declined by over 6 percentage points since late 2013. * The current account deficit has declined from a peak of 6.7 percent of GDP (in Q3, 2012-13) to an estimated 1.0 percent in the coming fiscal year. * Foreign portfolio flows have stabilized the rupee, exerting downward pressure on long-term interest...

-Economic and Political Weekly   The runaway growth in states of subsidised solar pumps, which provide quality energy at near-zero marginal cost, can pose a bigger threat of groundwater over-exploitation than free power has done so far. The best way to meet this threat is by paying farmers to "grow" solar power as a remunerative cash crop. Doing so can reduce pressure on aquifers, cut the subsidy burden on electricity companies, reduce...

-PTI New Delhi: After the recent failure of WTO talks, India on Wednesday hoped that by September it will convince the multi-lateral trading body about the need for developing nations to give subsidies on food stocks so that it is relieved of the "draconian sword". Commerce Minister Nirmala Sitaraman told Rajya Sabha that the tough position adopted by India and the recent talks in Geneva had been supported by many least developed...

-Press Information Bureau/ Ministry of Finance The Economic Survey 2013-14 released in New Delhi today has highlighted several challenges and reforms required in the agriculture sector. The Economic Survey states that as a concomitant of growth, the share of agriculture and allied sector in gross domestic product (GDP) declined to 15.2% during the Eleventh Plan and further to 13.9% in 2013-14 (provisional estimates-PE). While it still accounts for about 54.6% of...

-The Business Standard Policymaking in India is more often than not credited for its high nuisance value, rather than for positively aiding growth. Whether oil & gas, power, mining or any other core sector of the economy, government policy has frequently hampered rather than assisted the positive development of these industries. There is however one segment of the renewable energy space - solar power, that's vastly benefitted from concerted government action...