-PTI Mining output fell 3.4% in April-August compared to a dip of 1.8% a year ago, due to SC ban on mining in Karnataka and Goa The Planning Commission has convened a meeting of ministries concerned next month to discuss the issues related to mining, including the ban on such activities in some states. "We have called a high-level meeting of the ministries concerned next month to discuss the issues related to mining...

-The Hindu It was the visible hand of the state rather than the invisible hand of the market that helped the developing world catch up with the industrialised countries The emerging significance of developing countries, which gathered momentum after 1980, is beginning to shift the balance of power in the world economy. It could lead to a profound transformation in the next 25 years. This unfolding reality must be situated in the...

-PTI CHANDIGARH/PUNE: Arrivals of onion from Afghanistan have failed to bring down retail prices of onion in Punjab as it continued to remain high, with traders citing poor quality coupled with low arrivals. In the wake of skyrocketing prices of onion in India, Punjab traders have been importing onion from Afghanistan via Attari-Wagah land route. Daily 3-5 trucks laden with onion are crossing over to India, traders said. "There is not much onion...

-Reuters The finance minister is finding it harder and harder to meet the government's budget promises and may sweep as much as $15 billion in subsidy costs into next year's accounts to ensure he hits fiscal targets ahead of the Lok Sabha, ministry officials say. Finance minister, P Chidambaram, insists that the fiscal deficit target of 4.8% of GDP for the year to March 31, 2014, is a red line that will...

-The Business Standard Changing aspirations and strong rural demand could explain why core inflation may not decline fast enough Recently, the Reserve Bank of India governor exuded confidence that the Indian economy will do fairly better in the current fiscal. While it is difficult to envisage a significant turnaround, we believe interpreting the recent inflation uptick may be the key to such optimism. We also think that inflation (both wholesale and retail)...