-Livemint.com India's fiscal architecture is undergoing a radical overhaul this budget season. On Tuesday, the NDA government accepted the Finance Commission's proposal to enhance tax devolution to states. This, coupled with efforts to rationalize and reduce centrally sponsored schemes (CSS) through the chief ministers sub-group of the NITI Aayog, and the repeated calls for cooperative federalism together suggest that decentralization to states is the new mantra. Missing from this rhetoric of decentralization...

-Business Standard Financial position, spending capacity to play a big role, say sources The government might take a hard view on several social sector schemes, including the Prime Minister's pet projects of Digital India and Pradhan Mantri Krishi Sinchaee Yojana in the coming Budget for 2015-16. These might get a renewed thrust but perhaps not in the form of a significant increase in Plan allocation. New ways in which funds will be raised...

-The Hindu Business Line Despite long years of affirmative action in India, the higher bureaucracy at the Centre has less than 10 per cent representation from the Scheduled Castes (SC) and Scheduled Tribes (ST), and not a single one from Other Backward Classes (OBC). Higher bureaucracy refers to officers at the level of Secretary, Special Secretary, Additional Secretary and Joint Secretary. According to a written reply by the Department of Personnel and...

-The Business Standard Plan panel may skip annual meet with CMs in view of polls With general elections only a few months away, Planning Commission Deputy Chairman Montek Singh Ahluwalia might skip the customary one-to-one meetings with some chief ministers, while finalising the annual Plans for states, for 2014-15. According to a senior official, chief ministers usually avoid coming personally to discuss their annual plan ahead of a general election. The commission has...

-Outlook The government today approved Planning Commission's proposal to merge the 147 Centrally Sponsored Schemes (CSS) and bring it down to 66 across various sectors for effective implementation and monitoring of the 12th Five Year Plan. "The Union Cabinet has approved the proposal to merge CCS", Information and Broadcasting Minister Manish Tewari told reporters after the meeting. Last month, a Group of Ministers, headed by Agriculture Minister Sharad Pawar, had approved merging of...