-The Telegraph New Delhi: Prime Minister Narendra Modi believes that the biggest losers of the deadlock over the Centre's land acquisition bill would be Bengal, Odisha and Bihar, sources close to him have said. Whether the bill is blocked or passed in a watered-down version, it will hobble his ambitions of bringing the eastern states on a par economically with the western states, they explained. If the Modi government fails to evolve a...

-IPS News BELLARY, India: HuligeAmma, a Dalit woman in her mid-forties, bends over a sewing machine, carefully running the needle over the hem of a shirt. Sitting nearby is Roopa, her 22-year-old daughter, who reads an amusing message on her cell phone and laughs heartily. The pair leads a simple yet contented life – they subsist on half a dollar a day, stitch their own clothes and participate in schemes to educate...

-Economic and Political Weekly Much has been claimed on behalf of the Mines and Minerals (Development and Regulation) Amendment Act that has been enacted by Parliament, but the legislation has introduced a watered-down version of auctions, has many exceptions to legalise the old first-cum-firstserve approach, and ignores previous Supreme Court rulings on measures to ensure sustainable development. E A S Sarma (eassarma@gmail.com) is a former Union Power Secretary. With a brute majority in...

-Hindustan Times The issue of recovering the full extent of the value of our natural resources from parties to whom they are being assigned has reverberated throughout the economy ever since the Supreme Court delivered its judgements in the 2G scam (dealing with the State's earnings from selling spectrum) and on coal block allocations. In both instances, past practice and legal provisions had unwittingly handed these resources to parties at a pittance. Under...

-Press Information Bureau/ Ministry of Finance Economic Outlook, Prospects and Policy Challenges Macroeconomic fundamentals in 2014-15 have dramatically improved. Highlights are: * Inflation has declined by over 6 percentage points since late 2013. * The current account deficit has declined from a peak of 6.7 percent of GDP (in Q3, 2012-13) to an estimated 1.0 percent in the coming fiscal year. * Foreign portfolio flows have stabilized the rupee, exerting downward pressure on long-term interest...