-Press Information Bureau/ Ministry of Finance Economic Outlook, Prospects and Policy Challenges Macroeconomic fundamentals in 2014-15 have dramatically improved. Highlights are: * Inflation has declined by over 6 percentage points since late 2013. * The current account deficit has declined from a peak of 6.7 percent of GDP (in Q3, 2012-13) to an estimated 1.0 percent in the coming fiscal year. * Foreign portfolio flows have stabilized the rupee, exerting downward pressure on long-term interest...

-The Indian Express A few years ago I met a woman, let's call her Chandibai, in a village outside Udaipur. A former panchayat member, she was now a leader in her village - a person to whom others (particularly other women) turned for help. She wore her mobile on a cord around her neck and had the panchayat president, the village development officer and even the district collector's office on speed...

-The New Indian Express   BALANGIR: The ongoing socio-economic survey to prepare the beneficiary list for the National Food Security Act (NFSA) is scheduled to be completed next month. The process, though, is going to leave out lakhs of migrants from Western Odisha districts, Balangir in particular, who will not be able to enrol themselves. This is because the seasonal migration Cycle, which begins from September to June will deny the migrants a...

-The Hindu Business Line Seek clarification on US trade representative's testimony that India has committed to address IP issues that concern America Mumbai: Has India informally agreed to make changes in its Intellectual Property Rights regime on the basis of US concerns? A sizeable section of the Indian pharmaceutical industry and some pro-health groups are worried that it has, following US Trade Representative Ambassador Michael Froman's testimony to the Senate Committee on...

-Business Standard While the revised estimates of the gross domestic product (GDP) suggest the Indian economy turned the corner in 2013-14, concerns remain over the durability of this nascent recovery. Particularly worrying is the recent slowdown in rural wage growth, which signals a weakening of rural demand. Growth in rural wages, which had averaged 18 per cent in the previous few years, fell to less than five per cent in September...