-The Telegraph There are concerns that the proposal in the Economic Survey would end up privatizing a public good The Economic Survey has proposed that data of citizens obtained by the government be monetized for social benefits. It has claimed that data are a public commodity and, hence, people should benefit from large data sets. It has been proposed that data should be sold by the government to private entities like corporations...
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Lifting 271 mn out of poverty in 10 yrs, India fastest, Jharkhand No. 1 area: UN -Shalini Nair
-The Indian Express According to the global MPI 2019 report released Thursday, between 2005-06 and 2015-16, India, lifted 271 million out of poverty, significantly reducing deprivations in many of the ten indicators, particularly in “assets, cooking fuel, sanitation and nutrition”. India has registered the fastest absolute reduction in the Multidimensional Poverty Index (MPI) value among ten countries, spanning every developing region, whose combined population is two billion people. And Jharkhand is...
More »Rajya Sabha clears Bill on voluntary use of Aadhaar as ID proof -Shreya Nandi
-Livemint.com * The law ensures that no one is denied any service for not having Aadhaar as ID proof * An Aadhaar holder can now opt for offline verification through QR code with consent The Rajya Sabha on Monday passed The Aadhaar and Other Laws (Amendment) Bill, 2019, allowing voluntary linking of the 12-digit identification number as part of know your customer guidelines to open bank accounts or get a mobile connection. The law...
More »Government keeps options open for more fuel price hikes -TCA Sharad Raghavan
-The Hindu Finance Bill provides for rise of Rs.5/litre While the Budget has effected a hike in the duties and cess on petrol and diesel amounting to Rs.2 per litre, the government has given itself the leeway for a further increase of levies by Rs.5 per litre, Revenue Secretary Ajay Bhushan Pandey said. While Finance Minister Nirmala Sitharaman had announced a Rs.1/litre increase in the Special Additional Duty (SAD) on petrol and diesel...
More »Budget 2019 Sorely Lacks a Coherent Vision for Long-Term Growth -MK Venu
-TheWire.in While Nirmala Sitharaman's maiden budget hit all the right political notes, its fiscal math is far fuzzier. The first budget of the Narendra Modi government 2.0 is very high on political rhetoric around empowering the poorest in ‘New India’, but does not have a clear road map of how a fully-funded welfare state will be sustained without a robust revival in growth, based on the twin engines of investment and consumption...
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