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Food Security Bill to partly hurt ongoing recovery; 1QFY14 earnings in focus

-The Economic Times MUMBAI: The Union Cabinet this week passed an ordinance to implement the National Food Security Bill (NFSB). The bill guarantees legal entitlement of food grains at a subsidised price to ~67 per cent of India's population. The ordinance will come into effect immediately once it is signed by the President. But it also needs to be approved by both the houses of Parliament in the monsoon session within six...

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Planning Commission approves Rs 47000 crore plan size for Karnataka

-ANI Ahluwalia appreciated the State Government for strategy to make growth more inclusive and giving right priority to social sector The Planning Commission has approved an annual plan outlay of Rs 47,000 crore for Karnataka for the year 2013-14. The plan size was finalized in a meeting between Planning Commission Deputy Chairman Montek Singh Ahluwalia and Karnataka Chief Minister Siddaramaiah here last evening. The plan size has been agreed at Rs. 47,000 crore...

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It’s official: Indian economy slowed to a 10-year low of 5% in 2012-13

-The Times of India The Indian economy grew at its slowest pace in a decade in 2012-13, posing another fresh challenge for the UPA coalition to revive growth and boost sentiment ahead of the general elections next year. Data released by the Central Statistical Organization (CSO) on Friday showed that the economy grew 5% in 2012-13, compared to 6.2% expansion in the previous year. It was in line with the advanced...

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Growth falters as UPA completes 4-years in office -Surojit Gupta

-The Times of India NEW DELHI: The second tenure of the UPA coalition has witnessed a sharp slowdown in growth, stubborn prices, high interest rates and faltering business confidence. While there are some tentative signs of a revival on the horizon, the Indian economy is still not out of the woods and experts say sustained policy and governance reforms are needed to lift Asia's third-largest economy back to its potential growth rate...

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The great jobs disaster-CP Chandrasekhar and Jayati Ghosh

-The Hindu Business Line   In much of the discussion on the turnaround after the Great Recession, attention has been focused on financial consolidation and the halting return to growth. Far less attention has been paid to the persistence of high and even rising unemployment and its sources. In the desperate search for evidence that the global recession has bottomed out and the recovery has arrived, the story told by the long-term trend...

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