-PTI The scheme can have a negative impact on prices, productivity: FICCI-KPMG New Delhi: After the Prime Minister's referred to MGNREGA as a "monument to the failure of the UPA regime", comes a report blaming it for creating shortage of farm labour. A Federation of Indian Chambers of Commerce and Industry (FICCI)-KMPG report titled ‘Labour in Indian Agriculture: A Growing Challenge', released here on Wednesday, says schemes, such as the Mahatma Gandhi National...

-The Indian Express By officially committing to inflation targeting through the signing of a monetary policy agreement between the finance ministry and the RBI, India has joined 28 other countries in explicitly fixing goals for annual increases in the consumer price index (CPI) and pinning responsibility on the central bank for achieving them. Interestingly, among the now 29 countries, India has the lowest per capita income. While there are as many as...

-PTI Chandigarh: Punjab's farming sector has expressed disappointment over the Union Budget for not taking "pro-farmers" decision to provide much-needed fillip to the state's agriculture which has been suffering with "high" input cost and "lower" output prices. Even the farm experts have also expressed displeasure with the budget for not announcing any financial assistance to Punjab to promote crop diversification as state's wheat-paddy production has reached saturation point, besides taking a toll...

-Hindustan Times Finance Minister Arun Jaitley's claims of already having achieved an economic turnaround, made in his budget speech, evoke suspicion. Inflation is certainly down and so is the current account deficit, but that has almost entirely to do with the crash in international crude oil prices, which have fallen from $110 per barrel in June 2014 to around $57 per barrel currently. In fact, rather than passing on the full...

-Livemint.com Bringing the bulk of the population under a common system of entitlements is the way to reduce leakages The reliability of the public distribution system (PDS) has improved greatly in a number of states that have a reputation for endemic corruption. In states such as Bihar, Chhattisgarh and Odisha, where leakages were as high as 50-90% in 2004-05, they are now of the order of 10-25%. This pattern, based on National...