-The Times of India NEW DELHI: Contrary to the impression of an increased focus on health in the budget for 2018-19, not only has the overall allocation for health gone up only marginally over the revised estimates for the current year, the allocation for important programmes has actually been slashed. For instance, the allocation for the National Health Mission is down by 2.1% coming down from Rs 31,292 crore to Rs...

-The Hindu The answer lies in the fragile state of the Centre’s finances, and its control over interest, pension and subsidy expenses To any layman watching India’s annual Budget jamboree, the entire exercise must seem very puzzling. After the Finance Minister has read out a long list of giveaways to farmers, small businesses, low-income earners and senior citizens in his speech, none of the beneficiaries seems entirely happy with their gifts. Commentators, after...

-Outlook A break-up of the expenses suggests that an average of Rs 22,000 was spent per day on entertaining about 150-200 guests. “Its natural,” says BJP spokesperson Virendar Bisht after RTI query revealed that Uttarakhand chief ministerspent Rs 68,59,865 from the exchequer for buying snacks for his guests. "Such expenses are natural as most of the Janta Darbar & official meetings take place at CM office. But, if they go beyond a limit...

-The Times of India NEW DELHI: The government's drive, through a non-filer monitoring system, to target those who indulge in high value transactions but don't pay enough taxes has forced the filing of at least Rs 1.7 crore extra returns and helped the Centre mop up close to Rs 26,500 crore till December. In a written reply, finance minister Arun Jaitley told Parliament on Friday that for the past few years, the...

-The Economic Times blog Word has it that World Bank economists use “obviously fabricated” data from time to time. These are not Sitaram Yechury or Medha Patkar’s words, but those of Paul Romer, former chief economist of the World Bank, in a recent email exchange reported by Financial Times. Romer retracted them later, but this “may not end the controversy”, as The Economist mildly put it. This is not the first time...