-PTI Mumbai: Seasonal spurt in vegetable prices next month could partly reverse the benefits of low global oil prices reducing inflation and increasing disposable incomes, the Reserve Bank of India (RBI) warned on Tuesday. "The sharp reduction in oil prices as well as in inflation is likely to increase personal disposable incomes and improve domestic demand conditions in the year ahead," the central bank said in its monetary policy document. Inflation, excluding food...

-Business Standard Govt's revised method of calculating output and growth make recomparisons inevitable in earlier judgments At the outset, nobody would believe that India's economy expanded by double-digits only four years earlier and the growth rate in gross domestic product (GDP) dived to as little as below four per cent during the global financial crisis period of 2008-09. Yet, these would be the facts if one measures growth in terms of the...

-The Hindustan Times The Centre may act against some of the 188 NGOs red-flagged by the Intelligence Bureau for alleged misuse of foreign funds, suspected extremist links and proselytization. These non-government organisations were reported by the internal spy agency and a list sent to the home ministry, documents accessed by HT have revealed. The country's top tax body the central board of direct taxes (CBDT) and enforcement directorate (ED), which tracks foreign funds...

-Down to Earth Shanta Kumar committee report recommends privatisation, outsourcing and cash benefit transfer to cut food procurement and distribution costs The high level committee set up to look into the restructuring of Food Corporation of India has recommended reducing the number of beneficiaries under the Food Security Act-from the current 67 per cent to 40 per cent. It has also recommended allowing private players to procure and store food grains, stopping...

-The Times of India NEW DELHI: The government should reduce coverage under the National Food Security Act (NFSA) to 40% of the population from 67% and defer implementation of the scheme in states which have not complied with the rollout conditions, a panel appointed by Prime Minister Narendra Modi has recommended. The panel headed by former food minister Shanta Kumar submitted the report to the PM on Wednesday. Reforming the subsidy regime...