-The Economic Times After emerging as one of the pioneers in the investment regions of petroleum products and information technology, Andhra Pradesh is now weighing the benefits of promoting an Agribusiness Investment Region (ABIR) involving major agri clusters in three of its geopolitical regions.  The proposed ABIR project in Andhra Pradesh, to be taken up in a public private partnership (PPP) model, involves setting up an integrated infrastructure for rural business and...

-The Business Standard Govt should not explore unworkable solutions The petroleum ministry’s “single kitchen” concept for new consumers of liquefied petroleum gas, or LPG, is a classic case of using a flawed solution to compensate for policy distortions in the pricing of petroleum products. The norm of allowing one LPG connection per household with one kitchen may look good on paper but it is hardly a foolproof mechanism to curb the misuse...

-Live Mint High on hype, the budget speech of the Union finance minister today is merely a statement of account. As India’s economy diversifies—with the private sector playing an increasingly important role—this annual feature has assumed much lower salience. Not only have fiscal policies lost the space they enjoyed in earlier years, even major policy announcements are restricted to being mere statements of account. Examples from other arenas include “activism” on...

-The Telegraph Dispur today said the state’s economy was “performing well” when the country’s overall growth rate was projected to be affected by the economic meltdown in Europe. The principal secretary of the state finance department, Himangshu Sekhar Das, said Assam had not borrowed any money from the market in the current fiscal (2011-12) and its tax collection had recorded an increase of 33 per cent, most of which had come from...

The government plans to raise prices of urea, the most widely consumed fertiliser in the country, by a steep 40%. The move, necessitated by the government's mounting subsidy burden, is a test of its political courage as it comes just ahead of elections in five states.  Farmers in India use about 28 million tonne of urea annually, of which 6-8 million tonne is imported. The uptrend in prices of imported urea...