The world's growing riches seem to make little difference to over 100 million people globally as they slide into poverty every year because of healthcare costs. One of the unsolved conundrums in many countries is the inability to provide for universal healthcare coverage, despite economic growth and development. While the financial consequences of illness are severe for many in poorer countries that do not have appropriate systems in place, those...
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India-EU Deal Threatens Mom-and-Pop Retail by Ranjit Devraj
Retail giants pushing the European Union-India free trade deal promise consumers a "new and dynamic retail experience" but ignore the fate of India’s "mom-and-pop" stores and some 40 million people they employ. Four years in the making, the EU-India Bilateral Trade and Investment Agreement made serious headway during Indian Prime Minister Manmohan Singh’s visit to Brussels Dec. 10 and is due to be signed and sealed early 2011. But the negotiations have...
More »FinMin probing more than 100 overseas deals for tax evasion
The Finance Ministry has begun its maiden investigation into over 100 offshore "financial structuring deals" undertaken by Indian business entities in foreign tax havens to allegedly evade the taxman's net. The multi-pronged probe has been undertaken by the international taxation wing of the Income Tax department and the foreign taxation unit in the Central Board of Direct Taxes (CBDT). A number of investments and deals to the tune of billions of rupees...
More »India needs to spend more on healthcare: Robert Yates by Aarti Dhar
Appreciating the country's commitment towards universalising health coverage for the people, health economist Robert Yates has said the country needs to increase its public spending on health either by health insurance schemes or taxation.“The entire exercise of constituting a high-level expert group on universal health coverage that India has undertaken has been done at an appropriate time when the economy is growing and the country is getting wealthier as a...
More »India ninth-most corrupt country: Survey
About 54% Indians paid a bribe in the past year, according to a global survey by Transparency International (TI), which pegs the extent of corruption in India at levels comparable with Cambodia, Nigeria, Afghanistan, Senegal, Uganda and Liberia. TI’s Global Corruption Barometer survey, released on global anti-corruption day, measures public perception on corruption across the world. One metric asks respondents if they had paid a bribe during the past 12 months...
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