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Low growth worries PlanCom on job creation-Sanjeeb Mukherjee

-The Business Standard The issue is likely to figure in its assessment of the 12th Five-Year Plan As it sets about preparing the groundwork for the mid-term appraisal (MTA) of the 12th five-year Plan, the Planning Commission is worried over the impact of slow growth in the first two years of the Plan (2012-13 and 2013-14) on employment and livelihoods. A Planning Commission official said returning to the high-growth trajectory at the...

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Veggie prices push inflation to 10.09%

-The Hindustan Times Prices of almost all everyday products and services - from food to footwear and movie tickets to medicines - saw a sharp rise in October, pushing retail inflation to 10.09%, the highest in seven months. Costlier onions and tomatoes saw retail inflation - a measure of prices that are asked of you at a shop - cross the double-digit mark for the first time in seven months, indicating Indians...

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No policy paralysis: govt plans report card on economy to silence critics -Gaurav Choudhury

-The Hindustan Times New Delhi: With general elections due next year, the UPA has drawn up plans to project itself as a business-friendly regime, as investors are side-stepping India following criticism that the government has been unable to push through enough reforms to revive a stalling economy. A white paper on economic reforms, under preparation, lists out moves such as allowing FDI in multi-brand retail. Last week, global ratings agency Standard & Poor's...

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Uttarakhand needs smarter projects, World Bank's India head says

-PTI NEW DELHI: Rain and flash floods have pushed back development works in Uttarakhand by decades and the challenge at the moment is to build smarter projects without impacting the fragile environment of the hilly region, said World Bank's country director Onno Ruhl. "In Uttarakhand, the challenge is to build smarter, so that they do not undermine the fragility of the environment," he told PTI after the approval of a $250 million...

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$15 bn rollover of subsidy costs into next budget?

-Reuters The finance minister is finding it harder and harder to meet the government's budget promises and may sweep as much as $15 billion in subsidy costs into next year's accounts to ensure he hits fiscal targets ahead of the Lok Sabha, ministry officials say. Finance minister, P Chidambaram, insists that the fiscal deficit target of 4.8% of GDP for the year to March 31, 2014, is a red line that will...

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