-The Financial Express Amid the government's efforts to curb fiscal deficit, the Comptroller and Auditor General (CAG) on Tuesday criticised the Centre for cutting down on capital spending, over-stating spending on centrally sponsored schemes and doling out some subsidies without obtaining Parliament approval. UPA's flagship scheme Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) also came under the scanner with the CAG questioning whether the entire amount booked for the job scheme...

-PTI The Government will kick-start a number of new infrastructure projects including 8 new airports and two new sea-ports in the coming months to boost sluggish economic growth, Prime Minister Manmohan Singh said on Thursday. With economic growth slowing to a decade low of 5 per cent, the Congress-led UPA government has further opened the economy to foreign direct investment and now wants to use investments for returning to high growth...

-The Times of India NEW DELHI: Taking on the rampant money and muscle power in politics, a new political party, Nav Bharat Democratic Party, was launched on Thursday, promising clean candidates and transparent democracy. The party helmed by a motley group of professions, including a retired naval officer, entrepreneurs, lawyers and others, promised to provide an accountable government. The party will field candidates, including working professionals, entrepreneurs and veteran politicians, weaned away...

-The Economic Times The state-run Rubber Board is turning to the rural employment guarantee programme to increase India's natural rubber output from the present 9 million tonne a year. With rising global demand for rubber, the board is keen to extend the area under cultivation. It has identified 400,000 hectare in the North East, 100,000 hectare in Odisha and 50,000 hectare each in Andhra Pradesh, Jharkhand and Chhattisgarh as areas with potential...

-Tehelka.com The Sen-Bhagwati ‘debate' on economic policy is focussing on the wrong issues Several things are quite remarkable about the recent debate between Professor Amartya Sen and Professor Jagdish Bhagwati. The first surprise is that such a debate could become a major news item at all, making headlines and filling screen time on news channels, when it is about economic strategies that are normally discussed only in relatively small academic and policy...