-The World Bank A World Bank study shows creating productive assets can help make MGNREGS cost effective New Delhi– The Indian economy has turned the corner, says the latest India Development Update of the World Bank. Aided by a supportive external environment, in particular the sharp decline in oil and commodity prices, the Indian economy has taken strong strides towards higher growth and enhanced stability. Growth has accelerated, inflation has declined, the...

-Business Standard As critics find fault in the new gross domestic product (GDP) data, National Statistical Commission (NSC) Chairman Pronab Sen, heading a committee to review the methodology of the new series, tells Indivjal Dhasmana much of the criticism is due to the lack of information about the methodology and sourcing of the new data. Edited excerpts:   NSC has appointed a committee under you to review the new GDP data. Has it...

-The Indian Express Adopt more stringent fuel quality and emission standards — and push for the national automobile pollution and fuel authority Approximately 20 years ago, in 1995, a process was started that held great promise for ameliorating the serious air pollution problem in Delhi. Under a provision of the Indian Constitution, environmental lawyer M.C. Mehta filed a public interest litigation with the Supreme Court, seeking relief from the serious health risks...

-The Hindu Business Line The recent devastation of crops shows that the Indian economy continues to be a ‘gamble’ on the rain. But can India Meteorological Department’s new model make it predictable? Moisture wrecks a farmer's life. Since February this year, lakhs of farmers across 14 states were left with damaged crops. Unseasonal rains destroyed crops on 11 million hectares spread over Rajasthan, Uttar Pradesh, Haryana, Madhya Pradesh, Maharashtra and Punjab....

-Hindustan Times The issue of recovering the full extent of the value of our natural resources from parties to whom they are being assigned has reverberated throughout the economy ever since the Supreme Court delivered its judgements in the 2G scam (dealing with the State's earnings from selling spectrum) and on coal block allocations. In both instances, past practice and legal provisions had unwittingly handed these resources to parties at a pittance. Under...