The 13th Finance Commission (TFC) has recommended a return to fiscal consolidation and reform in expenditure management. It has also suggested the Centre offer states a share of revenue raised from levies such as cesses and surcharges, according to people familiar with the report. TFC, a statutory body tasked with suggesting ways in which taxes should be shared between the Centre and states and drawing up a road map towards fiscal...

The Indian economy should recover from the recession caused by the global meltdown. India’s exposure to the world economy is quite limited. It is mainly through the exports market and partly through foreign investment flows either as equity or debt capital that financed private investment. The extent of the dependence, however, is quite low. The recession in the exports market affects only few sectors, such as textile and labour-intensive manufactures...

Copenhagen showed how fast and far India has traveled geo-politically. The same, alas, cannot be said about the health of the nation. On the international stage, India’s relentless focus on equity made us proud. The time has come to apply that principle at home. India’s ailing health delivery system is viewed as a worthy but dull topic on a normal day in a typical newsroom in the country. Typically, such neglected...

Maintenance of accounts not proper, it says  Most States yet to adopt e-banking Delay in release of funds from State health societies to district health societies The Comptroller and Auditor General (CAG) of India has expressed dissatisfaction over the funds flow management under the National Rural health Mission (NRHM) and recommended that it be rationalised with appropriate norms and criteria. The maintenance of accounts at the State, district and below levels was...

Well-known PR firms, professional designers, and ad agencies served the richer parties and candidates. They made up “news” items in the standard fonts and sizes of the desired newspapers and even “customised” the items to make them seem exclusive in different publications.  So you thought you’d had enough of Page 3? Newspapers in Maharashtra think otherwise. Some of them had more than one, on several days during the recent state...