-The Hindu Budget making is a complex exercise, especially in a country like India. Therefore, the parameters to judge the annual budget are also many. For me, the arithmetic of the budget is the first. According to the statements made by the Prime Minister and the Finance Minister, one expected the fiscal deficit targets to be adhered to. However the Finance Minister has extended it from two to three years....

-The Hindu Lauds Finance Commission recommendations for revenue share Chief Economic Adviser Arvind Subramanian said on Friday that calculations showed that the total transfers from the Centre to the States as a percentage of the divisible pool of its net tax revenue would remain nearly the same even after the acceptance of the 14th Finance Commission's recommendations. However, transfers from the Central government would no longer be scheme-and-grant-based, and it would rather be...

-The Hindu Which are India's most effective subsidies, the ones that best reach the poor? Chief Economic Advisor Arvind Subramanian devoted considerable space in the Economic Survey released on Friday to subsidies, how much they cost, whom they really go to, and how leaky they are. In terms of cost, the combined subsidy for rice and wheat clearly accounts for the largest share, a third of India's total subsidy bill. Please click here...

-The Hindu Interview with social activist Medha Patkar on why she opposes the Land Bill proposed by the Centre Social activist Medha Patkar has been in the forefront of the struggle for the rights and rehabilitation of project-displaced populations for over two decades, and has relentlessly pursued the formulation of a national rehabilitation policy. She spoke to Gargi Parsai at the site of the agitation in Delhi about the pitfalls in the...

-Press Information Bureau/ Ministry of Finance The Economic Survey emphasizes on the need for a national common agricultural market and identifies un-integrated and distortion ridden agricultural market as the one of the most striking problems in agriculture growth. The Economic Survey suggests 3 incremental steps as possible solution, building on the Budget 2014 recognition for setting up a national market, farmers' markets and need for the Central Government and the State Government...