-The Indian Express The debate over the land acquisition bill is increasingly marked by political tone deafness and legislative hubris. The government has offered minor amendments. But most of them are designed to display its consistent ability to be too clever by half rather than its ability to address deep issues. The 2013 bill had been framed in the context of several issues. The now much-maligned Land Acquisition Act of 1894...

-The Indian Express The budget aims at economic growth and social protection. This is welcome. So are provisions for financial inclusion, housing, water, sanitation and rural electrification. But there are also substantial cuts in crucial social sectors and key omissions that are likely to undermine its stated economic objectives. Consider agriculture, environment and women. First, double-digit growth or poverty reduction is unlikely without strong, sustained agricultural growth. In 2014-15, agriculture grew at...

-The Telegraph New Delhi: Eight central schemes have been left to states following the Centre's decision to raise their share of federal taxes, but this has left the Union panchayati raj ministry almost jobless. The schemes de-linked from central support are: Backward Regions Grant Funds (BRGF) of the panchayati raj ministry; Rajiv Gandhi Panchayat Sashaktikaran Abhiyaan (RGPSA) of the panchayati raj ministry; E-governance...

-The Indian Express The forthcoming budget is expected by some to be make-or-break or path-breaking, by others, to provide a legislative or economic roadmap for the rest of this government's term. Most likely, it will focus on issues within the purview of the finance ministry, namely, macro management, taxation, expenditure, the financial sector and balance of payments. The abolition of the Planning Commission and the 14th Finance Commission recommendations on tax devolution...

-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...