-The Times of India As the clock ticks towards the general elections in a few months time, a major crack appears to be opening up in the government. The mandarins of finance ministry - presumably with the sanction of finance minister P Chidambaram - have proposed huge cuts amounting to over Rs 20,000 crore in spending on popular flagship schemes like the employment guarantee scheme, the rural housing scheme, the village...

-The Business Standard Oil minister says Parikh report sound but government has to take realities into account; to proceed with Direct Benefits Transfer in 291 districts from January despite SC order Union petroleum minister M Veerappa Moily said there'd be no raising of the present cap on the number of subsidised cooking gas (LPG) cylinders a household was entitled to in a year. In the wake of severe electoral reverses for the ruling...

-The Times of India NEW DELHI: The Indian economy, Asia's third-largest, faces a difficult situation where growth has slowed to a decade low but price pressures have remained stubborn. It has one of the highest inflation rates in the world, and the highest in Asia. Weak growth and high inflation also complicated the policy choice for the central bank. Separate data released by the Central Statistics Office showed industrial output slumped 1.8%...

-Live Mint The big question is whether commitment made by Chidambaram-to contain fiscal deficit at 4.8% of GDP-will be met With the current account deficit in check, the spotlight is now on the second major macroeconomic problem that needs to be fixed: the fiscal deficit. The big question is whether commitment made by finance minister P. Chidambaram in the Budget-to contain the fiscal deficit at 4.8% of gross domestic product (GDP)-will be...

-The Hindu India has the largest programme, catering to over 114 million children A global report by the World Food Project (WFP) for 2013 on 169 countries has said that India has the largest school feeding programme in the world, catering to over 114 million children, but stands 12thamong 35 lower-middle-income countries covering 79 per cent of its total number of school-going children. The report titled "State of School Feeding Worldwide, 2013" draws...