-The Times of India NEW DELHI: Several social sector schemes, such as MGNREGA, housing, irrigation, education and connectivity, are expected to see a significant increase over the next two financial years as the government ramps up spending in key areas ahead of the 2019 elections. According to the medium-term expenditure framework statement tabled in Parliament by finance minister Arun Jaitley on Thursday, the Centre's total spending is set to reach Rs 26...
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Arun Jaitley just tripped over his own feet by admitting economy wasn't healthy when govt launched note ban -Dinesh Unnikrishnan
-Firstpost.com “What you think is very clear, is not very clear,” told union finance minister Arun Jaitley to a reporter at a Delhi presser on Thursday called to take stock of Modi government’s 3-year performance. The reporter was asking about the impact of demonetisation on the GDP citing the sharp decline (6.1 percent) in the Jan-Mar quarter. Jaitley played down the impact of demonetisation saying it wasn’t the primary reason for...
More »Framing the right prescription for health expenditure -Saachi Bhalla & Nachiket Mor
-The Hindu Strategic shifts are needed in the level of government control on the financing and provision of health India spends close to 5% of its GDP on health. While this may appear low when compared to 18% of the U.S., data show that Organisation for Economic Co-operation and Development (OECD) countries spend 8-11%, middle-income countries close to 6%, and India’s peers, the lower-middle-income countries 4.5%. By these measures, India’s health-care spending,...
More »Before Universal Basic Income, We Must First Get Social Spending Basics Right -Anjana Thampi and Ishan Anand
-TheWire.in The Economic Survey 2016-17 devotes a chapter to the provision of a Universal Basic Income (UBI), describing it as a “raging new idea,” a “radical new vision” and “the shortest path to eliminating poverty”. While warning that the UBI “should not become the Trojan horse that usurps the fiscal space for a well-functioning state,” the survey says a de facto UBI can be instituted in the existing “fiscal space”. It...
More »Low health spend alert
-The Telegraph New Delhi: India's public spending on health is about five times lower than the world average, the Economic Survey released today has said, adding the country lacks good models of health care for replication nationwide. The survey, in a section on social sector expenditure trends, has pointed out that the government's annual expenditure on health was 1.2 per cent of the gross domestic product in 2013-14, 1.1 per cent in...
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