-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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EC renews plea to RBI for higher cash withdrawals
-The Hindu EC expresses "serious concern about the cursory manner in which the issue has been dealt with" The Reserve Bank of India (RBI) has turned down the Election Commission’s request to enhance the cash withdrawal limit for nominated candidates in the five poll-bound States, from Rs. 24,000 to Rs. 2 lakh per week, till the declaration of results on March 11. Asking the RBI to reconsider, the EC on Saturday again wrote...
More »Quality of spending comes under radar as fiscal draws to a close -Surabhi
-The Hindu Business Line Economists warn that revenue deficit may breach target New Delhi: Will the Exchequer’s switch to a new classification of expenditure from 2017-18 help lower the revenue deficit and improve the quality of spending? The Finance Ministry believes that shift in classification to revenue and capital expenditure from April 1, departing from the current distinction of Plan and Non-Plan spending, will help it direct expenditure towards productive purposes. It is also...
More »EC requests RBI to allow higher withdrawals for poll candidates
-The Times of India NEW DELHI: In a relief to candidates contesting the upcoming assembly polls, the EC on Wednesday requested RBI to hike the weekly limit for withdrawals from their poll expenditure accounts to Rs 2 lakh from Rs 24,000 imposed for all in view of the demonetisation. Stating that it had been apprised about the problems being faced by candidates due to imposition of limits on withdrawal of cash from...
More »Towards less-cash agriculture: Well before demonetisation, low credit-driven model came up in Dewas -Vivian Fernandes
-The Financial Express In Madhya Pradesh’s tribal districts of Dewas and Khargone, the NGO, Samaj Pragati Sahayog, discourages cash transactions for agricultural inputs. The interest rates are usurious and vary according to commodities. For fertiliser, it is dheda—loan for the stuff has to be repaid 1.5 times over by the end of the harvest season. For pesticides it is sawa, or 1.25 times. Even barter can be extortionate. One quintal of...
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