-Business Standard Chief economic advisor Arvind Subramanian discusses the Budget, goods and services tax, Centre-state relationship and larger issues facing the economy with Dilasha Seth, Arup Roychoudhury and Indivjal Dhasmana. Edited excerpts: * In the mid-year economic analysis, you talked of revisiting the fiscal numbers for 2016-17. Is it a view of the chief economic advisor (CEA) or that of the government? I see my role as a member of the government. I...

-Livemint.com A large number of central schemes end up curbing the autonomy of states In some ways, the thunder of finance minister Arun Jaitley’s first full-year budget was stolen by the Fourteenth Finance Commission (FFC) report. Released just a few days before the budget speech was made, the FFC brought in significant changes in state-centre finances by increasing the devolution to states from 32% to 42% of the net Union tax...

-The Economic Times KOLKATA: West Bengal chief minister Mamata Banerjee while welcoming Prime Minister Narendra Modi's 'Digital India' initiative, attacked the government for 'dissolving' the Planning Commission, which she alleged, has affected the Federal Structure of the nation. "Earlier, there was at least a Planning Commission. The chief ministers had a platform to voice their views and worries. But now where should we go and speak about such issues?" she said. Even though...

-The Hindu Business Line Cut in funds is a major setback: civil society activists New Delhi: Economist Prabhat Patnaik and civil society activist Aruna Roy criticised the Narendra Modi government over various issues on Wednesday. Releasing a report card on the first year of NDA rule, they said the government is not displaying transparency and accountability to the people. Patnaik said all the explanation that the Centre is giving about the increase in...

-ANI Chennai: Indian agriculture is at the cross roads, Dr. M.S. Swaminathan, father of India's first Green Revolution, has warned. Lamenting on the state of Indian farmers, especially farmers with small land-holdings, Dr. Swaminathan said, "The market economy certainly is not friendly to small farmers. WTO regulations are also hindrance. Even in the United States which is the heartland of the free market economy, farmers are insulated from market shocks through heavy...