-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 Hindu The Prime Minister's call for making India a manufacturing hub and creating jobs should boost small and medium enterprises as well Prime Minister Narendra Modi's ‘Make in India' campaign is creating waves both in India and abroad. Given the government's intention to boost domestic manufacturing and create new jobs, its proposal to introduce a new policy for Micro, Small and Medium Enterprises (MSMEs) deserves a closer look. While Mr. Modi's...

-The Business Standard States need to create alternative marketing structures for farm produce since middlemen also provide vital services that are otherwise unavailable to the farmer   One of the issues often raised in the context of high food inflation is the pressing need to change the Agricultural Produce Market Committees (APMC), the marketing boards established by state governments. The earlier United Progressive Alliance government had asked the Congress-ruled states to remove fruit...

-The Business Standard   Agriculture ministry wants review of clamps on holdings; rural development ministry seeks centralisation of records With Narendra Modi set to take over as prime minister in the next few days, the department of agriculture is proposing a comprehensive review of land ceiling laws as a first major reform in the sector.   Land also figures in the to-do list of the rural development ministry. It has proposed centralisation of land records...

-The Indian Express Food inflation owes largely to agricultural markets being regulated by outdated laws. The RBI governor, Raghuram Rajan, has a difficult task this week. He has to decide whether to keep interest rates constant or raise them - bearing in mind the possible taper of the US Fed's bond buying programme, a decline in industrial production and a rise in inflation. The sharp increase in consumer price-based inflation, to more...