-Outlook The Union Cabinet has approved constitution of the 14th Finance Commission to suggest formula for sharing of tax proceeds between Centre and states. The government has cleared setting up of 14th Finance Commission, a senior minister said after meeting of the Cabinet here. Former Reserve Bank Governor Y V Reddy is tipped to be the chairman of the Finance Commission, a Constitutional body which is set up every five years. Besides other things,...

-The Hindu Former Cabinet Secretary Chandrashekhar deposes before JPC The former Cabinet Secretary, K.M. Chandrashekhar’s shocking revelation on Thursday to the Joint Parliamentary Committee (JPC) investigating the 2G scam that Prime Minister Manmohan Singh had ignored his recommendation that an entry fee of Rs. 36,000 crore be charged for spectrum, has brought the ghost of the 2G scam back to the Prime Minister’s doorstep. Mr. Chandrashekhar’s disclosure that he had submitted a note...

-The Times of India Come July and you will have cash equivalent to your cooking gas subsidy in your bank account, marking the biggest shift in delivery of handouts which could help government curb leakages and reduce the strain on public Finances. The switch is part of the ambitious three-phase deadline set by Prime Minister Manmohan Singh to make the "kind-to-cash" transition based on the Aadhaar numbers. At a meeting chaired by Pulok...

-Outlook Hyderabad: New approaches such as Public Private Partnerships(PPP) and community-based activities would go a long way in maintaining healthy ecosystems and improving livelihoods, a senior World Bank official said here today. Observing that there is not enough public money to invest in the biodiversity needs of the world, Rachel Kyte, World Bank Vice President for Sustainable Development, said new approaches are needed to Finance nature conservation efforts. The World Bank has a...

-DD News Indian Union Cabinet has approved Rs 4,000 crores proposal for multipronged strategy for the prevention and control of Japanese Encephalitis and Acute Encephalitis Syndrome. The meeting chaired by the Prime Minister Dr Manmohan Singh approved the proposal of the Ministry of Health and Family Welfare recommended by the Group of Ministers. The scheme will be implemented in 60 priority districts for a period of 5 years from this year. This scheme will...