-The Times of India Amid the debate on a super-rich tax, the pre-Budget Economic Survey on Wednesday argued against raising tax rates significantly; instead, it said that the focus should be on people who have a taxable income but don't pay any income tax. "It is much better to achieve a higher tax-GDP ratio by broadening the base which is taxed rather than increasing marginal tax rates significantly — higher and higher...

-The Hindu It took nearly three years for the Reserve Bank of India (RBI) to give a final shape to the government’s decision to let more players in the private sector banking field. That by itself offers a clue to the divide in thinking between the fiscal and monetary managers of the Indian economy. When it did come out with guidelines for “Licensing of New Banks in the Private Sector”, the...

-The Hindustan Times Children represent not only India’s future, but are also integral to securing India’s present. Yet, development indicators continue to show slow progress towards securing their welfare and delivering their basic rights. The very survival of over a million newborns in the country every year continues to be at risk. Prospects for girls in particular are getting grimmer, with successive Census figures revealing a declining sex ratio. About 44%...

-PTI Financial performance of the states with relation to indicators of debt servicing such as debt as a proportion to revenue receipts and gross state domestic product (GSDP) has improved between 2009-10 and 2011-12, says an Icra report. While states like Kerala, Gujarat, Punjab, Rajasthan and West Bengal remain relatively more indebted, Karnataka, Odisha and Chhattisgarh have displayed a superior performance in 2011-12 in terms of their debt relative to revenue receipts. Chhattisgarh,...

-The Asian Age Ahead of the Union Budget, senior ministers of the UPA appear to be petitioning Prime Minister Manmohan Singh with claims and counter-claims over the performance of the Mahatma Gandhi National Rural Employment Act (MNREGA).   After finance minister P. Chidambaram apparently tried to impress upon the Prime Minister for cut in MNREGA budget, Union rural development minister Jairam Ramesh, in a letter to Dr Singh, has rebutted his colleague’s perception about...