-Outlook The Cabinet Committee on Economic Affairs (CCEA) today approved a urea investment policy that is likely to incentivise fertiliser firms setting up new plants and expanding existing capacity. India imports over 30 per cent of urea requirement and the policy aims at reducing that. But, it is unlikely to have any impact on existing prices. "The new urea investment policy has been cleared," sources said after the CCEA meeting here. The policy, which...

-The Indian Express Too many of our economic prescriptions are based on dogma, empirical half-truths It has become fashionable to say, following the conclusions of Michael Spence’s Growth Commission, that there is no single recipe for growth, only some common ingredients. Such a claim brings a due degree of modesty to what we do or do not know about growth. And at the very least, such a claim has the virtue of...

-Live Mint FDI or not, there are problems that plague Indian agriculture and will need to be fixed first  With the parliamentary vote on foreign direct investment (FDI) in multi-brand retail out of the way, the government will proceed with the liberalization of this sector as it thinks it will improve the prospects of agriculture.   Should we be worried about our small neighbourhood stores shutting down? The fears are overblown. Organized large-format retail...

-Tehelka Here are the gaping holes in the argument for FDI in retail. No smooth talk can pave over it TOUTED AS a cure-all for India’s economic ills, Foreign Direct Investment (FDI) in multi-brand retail is at best an anodyne, and at worst, toxic. It is an attempt to lift markets by fabricating sentiment; signalling an economic turnaround without any concrete steps being taken to trim the fiscal deficit or boost manufacturing. All...

-Tehelka The cash transfer debate has turned political with BJP complaining to the Election Commission about the timing of the announcement. It claims the scheme was declared with Gujarat polls in mind. However the Congress-led Central government rubbished the allegation and said the announcement happened in March. Even the political slugfest continues, the debate among experts and activists hasn’t died down. Akshai Jain spoke to a few experts about the various...