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Arvind Subramanian, Chief economic advisor, speaks to Dilasha Seth, Arup Roychoudhury and Indivjal Dhasmana

-Business Standard Chief economic advisor Arvind Subramanian discusses the Budget, goods and services tax, Centre-state relationship and larger issues facing the economy with Dilasha Seth, Arup Roychoudhury and Indivjal Dhasmana. Edited excerpts: * In the mid-year economic analysis, you talked of revisiting the fiscal numbers for 2016-17. Is it a view of the chief economic advisor (CEA) or that of the government? I see my role as a member of the government. I...

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States fail to implement MDMS with vigour, finds CAG report

In its performance audit of the Mid Day Meal Scheme (MDMS) carried out in 27 states (except Mizoram) and 7 Union Territories (UTs) during the period 2009-10 to 2013-14, the Comptroller and Auditor General of India has observed that the provision of noon meals in public schools could not stop children's enrolment in private schools because quality of education imparted is a major concern among the guardians. (Please check the...

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AAP’s Jan Lokpal doesn’t fit the bill -Amrita Johri & Anjali Bhardwaj

-The Indian Express It doesn’t have sufficient power and independence, and seems unworkable. The absence of an adequately independent and empowered body to investigate and prosecute allegations of corruption, especially relating to the rich and the powerful, has been a longstanding concern in India. The Central Vigilance Commission’s (CVC) relative independence has proved ineffective as it has few resources at its disposal while the CBI, which is relatively empowered, lacks independence —...

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Unshackling the states from central schemes

-Livemint.com A large number of central schemes end up curbing the autonomy of states In some ways, the thunder of finance minister Arun Jaitley’s first full-year budget was stolen by the Fourteenth Finance Commission (FFC) report. Released just a few days before the budget speech was made, the FFC brought in significant changes in state-centre finances by increasing the devolution to states from 32% to 42% of the net Union tax...

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Grin and bear it: India’s ‘pulse problem' does not have an immediate solution -Dinesh Unnikrishnan

-FirstPost.com Ram Naresh, who runs a small tea-snacks shop in Navi Mumbai isn’t really keen to discuss politics. “After all, what difference does it make to me? No matter who rules, prices keep going up,” Naresh says. Naresh, hails from a rural village in Uttar Pradesh, is clearly upset with the way prices of Dal and Onion has gone up of late. He gets to save a little from his daily earnings...

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