-The Hindu The Constitution and various laws must be amended to prevent judges of the Supreme Court and the High Courts from taking up post-retirement jobs, say legal experts. A couple of days ago, Leader of the Opposition in the Rajya Sabha Arun Jaitley suggested an embargo on the appointment of retired judges to commissions. BJP president Nitin Gadkari has suggested a “cooling-off period” of two years from the date of retirement...

-The Times of India LUCKNOW: Uttar Pradesh (UP) government on Wednesday decided to ban gutkha, which is paan masala mixed with tobacco, as per the order of the Allahabad high court order and the Food Security Act passed by the parliament. However, The order will come into effect from April 1, 2013. Chief minister Akhilesh Yadav said that six months time has been given to find other source of employment for...

-The Economic Times The government appears to have developed cold feet over implementing Kelkar panel's recommendations to slash subsidies drastically at a time when it is facing backlash for raising diesel prices and capping subsidised cooking cylinders. The report, which has been put out for public comments, warns that India is on the edge of a fiscal precipice. A senior finance ministry official has said that the report has not been accepted...

-NDTV The Kelkar committee has said subsidies pose the greatest risk to the country's fiscal situation, while suggesting that the excise and service tax rates should be cut to 8% over the next few years. The panel calls for the need to step up disinvestment drive in state-run firms for fiscal consolidation. It says diesel should be deregulated by 2014 and all subsidy on cooking gas be cut by 2015. All subsidies must be...

-The Telegraph The enormity of the real challenge before Manmohan Singh is far higher than that posed by Mamata Banerjee. A “perfect storm” is gathering around the economy, according to a Centre-commissioned report packed with suggestions for a series of tough measures that will affect daily life and test the government’s resolve to wade further into unpalatable waters. The report presented by the Vijay Kelkar panel, which was asked to suggest a road...