-The Economic Times Blog The massive increase in expenditure on irrigation in this year’s Budget has raised hopes that more water will flow into fields. This can drought-proof the farmer, increase crop output and lead to greater rural prosperity, which, in turn, will generate demand for all kinds of goods and services. So, everybody will live happily ever after. Not so simple. While higher spending on irrigation is a good beginning, a lot...

-The Telegraph New Delhi: The Union environment ministry has reclassified industries depending on their pollution potential, ranging from 60 "red" category units prohibited from ecologically fragile and protected areas to 36 "white" industries that will not require any environmental clearance. The list released today after a year-long internal exercise is intended to appropriately reflect the pollution potential of India's diverse industrial units taking into account their emissions, effluents, hazardous wastes and consumption...

-The Hindu Business Line And worse still, to favour urea producers over decontrolled fertiliser units in gas allocation, exacerbating the nutrient imbalance The manner in which gas is allocated within the fertiliser sector smacks of arbitrariness. The Centre gives a uniform subsidy to all manufacturers, including those of decontrolled complex fertilisers, under the Nutrient Based Scheme (NBS) . Why, then, does it use a different yardstick for allocation of gas to manufacturers of...

-The Hindu Business Line Indian corporates are just settling in to the regime of mandatory spends on CSR activities. The Centre has so far been lenient and has allowed them to spend less than the required amount as long as they disclose the reason. Many companies, which have fallen short, have listed a variety of reasons for this short-fall. This varies from the need for more time to identifying the right CSR...

-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...