-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...
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After US, European Union diplomats in Delhi to get air purifiers
-The Times of India NEW DELHI: The European Union has directed its diplomats in Delhi to install air purifiers at home and office to reduce exposure to high air pollution levels. Ambassador and Head of Delegation of the European Union to India Joao Cravinho said EU would not monitor air pollution levels in Delhi as the US embassy in Chanakyapuri is already doing so but hoped India would implement tougher policies to...
More »Participatory Budget knocking on Delhi's door
Quite opposite to the top-down model of budgeting, the newly elected Aam Aadmi Party-led Government in Delhi has decided to go for a 'citizen-centric' budget planning at 'mohalla'-level for the fiscal year 2015-16. Drawing lessons from the success stories of participatory budgeting conducted at municipal-level in cities like Porto Alegre (Brazil), the AAP-led Delhi Government has decided to launch this form of decentralized budgeting on a pilot basis in a...
More »Food insecurity -TK Rajalakshmi
-Frontline A critique of the report of the high-level committee on restructuring the FCI and reviewing its role by TK Rajalakshmi SOON after assuming power at the Centre, Narendra Modi's National Democratic Alliance government set up a high-level committee on re-structuring the Food Corporation of India that was mandated to make the food management system more efficient. It was headed by Shanta Kumar, former Union Minister for Rural Development and former Chief...
More »India pushes EU to revoke ban on four veggies -Amiti Sen
-The Hindu Business Line Points out that norms same for mangoes, which are allowed New Delhi: India is pushing the European Union (EU) to revoke an import ban on four vegetables: brinjal, snake gourd, taro and bitter gourd. The ban was imposed last year after fruit flies were found in some consignments from India. The ban continues to be in force even though import of mangoes, which had been prohibited along with...
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