-IndiaSpend.com As Finance Minister Arun Jaitley presents his third budget on Monday, February 29, 2016, our analysis of how seven parameters changed over 10 years (2006 to 2015) reveals that subsidies grew fourfold. The rise in subsidies was echoed by the Economic Survey, which said that of the Rs 2.4 lakh crore ($34.8 billion) subsidy bill, Rs 1.03 lakh crore ($14.9 billion) goes to those who do not need it. “Bounties for...
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Budget 2016: FM Arun Jaitley faces tough task; has to please both farmers, investors
-PTI Budget 2016: Finance Minister Arun Jaitley faces a tough task of balancing the needs of farm sector as well as the industry when he presents his third and challenging Budget tomorrow as he seeks to garner resources to boost public spending for higher growth amid global headwinds. On the income tax front, the Budget may continue with the status quo on the tax slabs while it may tinker with the exemptions. Rising...
More »Social goods lead to public good -Ashok Varma
-The Hindu Business Line Higher social sector spending by the government boosts income and consumption, and spurs growth India’s economic growth is now much more closely linked to the state of the rural economy than it ever was. Sustaining a 7.5-per cent growth in GDP would be contingent on higher growth in rural household consumption. Rural expenditure grew 5.7 per cent annually during 2005-15 — against 5 per cent annual growth in the...
More »Sex determination: Answer this -Sabu M George
-The Indian Express If the government does not have the will to regulate 55,000 pre-natal diagnostic clinics, how will it track 29 million pregnancies annually? I was inspired by Maneka Gandhi’s struggle to get back her passport (impounded by the Janata Party government) as an IIT student in 1977. Her Supreme Court case led to a landmark judgment on personal liberty. Subsequently Gandhi filed petitions in courts to protect animal rights....
More »Breastfeeding can cut child deaths, save Rs 4k crore per year -Himanshi Dhawan
-The Times of India NEW DELHI: While the enormous health benefits of universal and sustained breastfeeding of children are well known, new evidence suggests that there is a significant economic cost as well. Research by medical journal Lancet reports a loss of $0.6285 billion or about Rs 4,300 crore annually. Not just that. If India were to universalise breastfeeding in the coming years, it could reduce 13% of all under-5 deaths...
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