-The Times of India In a major setback to special economic zone (SEZ) developers, finance minister P Chidambaram has turned down the commerce department's plea to cut the minimum alternate tax (MAT), which was imposed two years ago. A lower or no tax burden was cited as one of the main drivers for boosting investment in what were until recently duty-free enclaves. The commerce department had made a case for reversing Chidambaram's...

-The Indian Express In all its versions, the food security bill places an unbearable fiscal burden, further distorts agriculture The design of policy in the revised version of the food security law proposed by the food ministry — cabinet approval for which was deferred on Monday — will make a bad idea worse. It is even less concerned about the imperatives of fiscal sustainability and the needs of the Indian population. Providing...

-First Post In an interview with Firstpost, Ajay Chhibber, Regional Director of the UNDP, tells us why India ranks low on the Human Development Index, below China, Sri Lanka and Iran, what we need to do to improve our standing and why welfare schemes are not to be blamed for poor growth or inflation. Excerpts from the interview: * Why does India lag other BRIC countries in the HDI ratings? Compared to the other...

-The Business Standard Expresses government's resolve to attract Rs 5 lakh crore investments in 5 years Maharashtra government on Monday downplayed the ongoing controversy over the multi crore irrigation scam. Instead, the state Governor K Sankaranarayanan in his address to the joint session of the Maharashtra Legislature said during the drought year, importance of creation of new irrigation potential is quite obvious. In 2011-12, an irrigation potential of 1.08 lakh hectare was...

-The Times of India Surrender will become more lucrative for Maoists across the country from April 1. The finance ministry has approved the home ministry's proposal to increase its share of financial contribution for each surrendered ultra by 25 times for senior Maoists and 15 times for foot soldiers. A senior ultra (politburo member or state/zonal/district committee commander) will get Rs 2.5 lakh, while a junior cadre will get Rs 1.5 lakh...