-The Indian Express The finance minister plans to scrap the supply of subsidised kerosene through the public distribution system (PDS) and high time, too. To begin with, why has the kerosene subsidy needed reform for decades and yet reform never materialised? Kerosene obtained through the PDS, being cheaper, is used to adulterate diesel and petrol. Kerosene leakages in the PDS are estimated to be 40 per cent of total allocations. The diversion...

-PTI   Having already crossed the fiscal deficit target in November, Finance Minister Arun Jaitley on Friday hinted at more cuts in spending so as to contain it within limits for the current fiscal, saying he does not believe in living on borrowed money. "We're trying to rationalise expenditure as far as the government is concerned because we do not want the government to live on borrowed money indefinitely," he told a gathering...

-The Telegraph New Delhi: The NDA government is looking at two possible steps to cut down expenditure on the job guarantee scheme that seeks to provide 100 days of employment a year to every rural household. The rural development ministry is exploring the idea of limiting the scheme to six months instead of a year in about 4,000 blocks that are not covered under intensive implementation. Workers under the Mahatma Gandhi National Rural...

-The Financial Express With 66% of its population under the age of 35, India is home to the largest cohort of young people in the world-825 million. The median age of the country is just 27 years, much below 37 in the US and 46 in Japan. Numbers like these suggest that India has a competitive advantage over China and other Asian countries-a demographic dividend. But favourable demographics do not imply that...

-Economic and Political Weekly   Among the various axes of inequality in India, regional disparities have acquired greater salience in recent times, with demands being made for special status for certain states on this basis. What has been completely overlooked in the process is that regional backwardness in India is a moving frontier with the most intense forms of poverty and deprivation getting increasingly concentrated within enclaves of backwardness, especially those inhabited...