-The Times of India   NEW DELHI: A swathe of ministries - from finance to fertilizer and petroleum - are going to make a case for a reduction in subsidies before Narendra Modi, a move that will push up your monthly expenditure but is expected to help the government cut wasteful spending and revive investment. Sources said the three ministries are identifying subsidies as a key constraint in their presentations that secretaries will make...

-Reuters   NEW DELHI: The finance ministry is working on a proposal for the new government to cut welfare spending and rein in the deficit in its first budget, to allay fears of fiscal slippage that would increase the risks of a sovereign credit downgrade, officials said. Two senior ministry officials told Reuters the plan would make it possible for Narendra Modi's incoming government to reduce the current year's fiscal deficit and...

-The Business Standard   A seven-point agenda to fix India's public services, and overcome poorly designed systems India's Achilles Heel remains its inability to deliver public services. India's aspiration to be a global economic power will be unrealised if this remains unsolved. Why is this problem so particularly acute? Is it political interference and corruption, poorly designed programmes and weak administration? Or a much deeper cultural problem of aversion to collective action, often...

-The Business Standard   Or, why our subsidy and tax policies have been almost exactly wrong Thomas Piketty's seminal book on inequality, Capital in the Twenty-First Century, comes at a fortuitous time. Although inequality has been a well-discussed issue in India for some time now, the success of the book contributes by sharpening the debate. It complements the McKinsey Global Institute's (MGI) report titled "From poverty to empowerment: India's imperative for jobs, growth,...

-Frontline   Political parties flush with funds provided by corporate houses are winning over journalists, and some news organisations are creating packages for election coverage, making the phenomenon of ‘paid news' all pervasive. THE credibility of journalism and journalists has been greatly undermined by the scourge of cash for coverage, a much-abhorred sickness in the profession worldwide. News space on television, radio and newsprint is compromised with impunity with blatant advertising parading...