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Reading the expenditure leaf -Surabhi

-The Indian Express With just weeks before the Vote on Account to be tabled in Parliament the expenditure numbers of the government are looking challenging. The fiscal deficit has already touched 94 per cent of the full year target of Rs 5,42,499 crore between April- November 2013 and while the sluggish pace of revenue receipts is evident, movements in expenditure needs to be assessed carefully. Total expenditure has crossed Rs 10,00,000 crore mark...

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Stricter energy norms to push up AC, fridge prices by between Rs 3,500 and Rs 5,500-Writankar Mukherjee

-The Times of India KOLKATA: Prices of air-conditioners and refrigerators will increase by between Rs 3,500 and Rs 5,500 as early as next week due to stricter energy rating norms that will push up production costs. The Bureau of Energy Efficiency (BEE), the statutory energy conservation body under the power ministry, has tightened energy norms for air-conditioners by one level and those for refrigerators by two levels. This means, an existing five-star...

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'Savage' fund cut by Chidambaram's babus have Jairam seething -Subodh Varma

-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...

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The focus is now on the fiscal deficit -Renu Kohli

-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...

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Why NREGA wage hike is bad news for the economy-Shishir Asthana

-The Business Standard Politics of populism will impact the government's fightback against inflation Mumbai: With the benefits of Food Security Bill failing to kick in, government is back to playing the card which many claim helped it win the previous election. It is looking to make a substantial hike in wages under the Mahatma Gandhi National Rural Employment Guarantee Act (NREGA), according to a latest report by Economic times. A panel...

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