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The indirect benefits transfer -Jayati Ghosh

-The Hindu India’s record in collecting taxes has been pathetic, and it is getting worse. The declining rates of direct taxation are an indication of the political choices of the government We now have a peculiar combination in the economic policy of India: a declared attempt at fiscal consolidation, combined with a reluctance to do what it takes to raise tax revenues. This unfortunate juxtaposition has meant a squeeze on Central government...

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Green safeguards yield higher economic returns -Vinod Thomas

-The Hindu For growth to go forward, it must be environmentally and socially concordant. The launch of the Sustainable Development Goals (SDGs) and agreements in Paris finally signalled the realisation that we can no longer achieve our economic ambitions by endangering the environment and society. But even as countries agreed on the need to nurture sustainability, it has come under fire from the mistaken notion that doing so will slow the pace...

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Govt readies Aahar for one lakh people -Subhashish Mohanty

-The Telegraph Bhubaneswar: The Naveen Patnaik government has decided to extend the cheap lunch scheme - Aahar - to all the district headquarters and 16 select urban local bodies from March 1. The government now plans to provide the cheap meals to nearly one lakh people across the state in the first phase, sources said. The move will coincide with the launch of centenary celebrations of Biju Patnaik. Final touches to the plan...

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Why higher govt spending is crucial to contain rural distress

-FirstPost.com Even as the Narendra Modi government has been making claims that India’s rural economy has gained pace under his rule, empirical evidence suggests that the health of country’s rural economy may not have improved much on account of declining or stagnant income levels. The situation, experts say, is unlikely to change in the near future as there are low chances of a revival in rural income generation. A survey by brokerage...

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CAG lens on Rajasthan mine allocations -Pradeep Thakur

-The Times of India NEW DELHI: The Comptroller and Auditor General has constituted a special team to review allocations of at least 623 mines by the Rajasthan government in 2014-15. The report is expected to be finalized in three months. Though it is a regular audit process, the issue has assumed significance after Congress on Wednesday approached the central vigilance commission seeking a CBI probe alleging a Rs 45,000 crore scam in...

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