-The Times of India • What does the Finance Commission do? In India’s federal structure, taxation powers and obligations for various services — like law and order, health, education — are unequally shared between the Centre and the states. Hence, the Constitution mandates the setting up of a Finance Commission (FC) every five years to recommend how revenues from central taxes should be shared between the Centre and the states. A fair...
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Mandate and allocations -M Govinda Rao
-The Hindu The terms of reference of the 15th Finance Commission raise questions about constitutional propriety It is not without reason that the presidential terms of reference (ToR) of the Fifteenth Finance Commission have raised questions, and the recent conclave of Finance Ministers of the southern States to discuss contentious issues in the ToR is only the beginning. In the months ahead more debate on this is likely. But the line by...
More »Economic Graffiti: Why morality matters to economics -Kaushik Basu
-The Indian Express To deal with corruption, it is not enough to just get fiscal policies right. It is in our collective long-term interest to nurture individual values. I went to an optometrist last week, who gave me one of those cards to read where the font stARTs out large and then gets progressively small, to test your reading capacity. In this case what was interesting was the content of the card....
More »PMO for ordinance to counter court ruling on SC/ST -Rakesh Mohan Chaturvedi
-The Economic Times NEW DELHI: After a successful Bharat Bandh against the Supreme Court judgement on the SC/ST Act, the government is worried about losing the perception battle to rival political pARTies on being pro-Dalit. While the suggestion for issuing an Ordinance-if needed to counter an adverse SC verdict on the review petitioncame from the Prime Minister’s Office, some cabinet ministers are of the view that issues like reservation in promotion and...
More »Malnutrition cases in Maharashtra under-reported, finds survey -Tabassum Barnagarwala
-The Indian Express The preliminary findings in three of these districts — Pune, Nandurbar and Raigad — show that percentage of wasting and of under-nutrition is higher than as recorded by the NFHS-4 and the Integrated Child Development System (ICDS). Mumbai: A survey by the public health depARTment in four districts of Maharashtra has found significant under-reporting of malnutrition cases. The preliminary findings in three of these districts — Pune, Nandurbar and...
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