-The Hindu Rabi marketing season kicks off in Punjab Saturday but, until Thursday, the state and central governments had been locked in a tussle over the mode of payment to farmers. Chandigarh/New Delhi: A “threat”, some fireworks, and a concession — it was after a super-charged two-hour meeting between its ministers and Union Consumer Affairs, Food and Public Distribution Minister Piyush Goyal Thursday that Punjab finally agreed to introduce direct benefit transfer...
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During COVID-19 pandemic, India’s debt to GDP ratio increased from 74% to 90%, says IMF
-PTI/ The Hindu In 2020, fiscal policy also contributed to mitigate falling economic activity and employment. India’s debt to GDP ratio increased from 74% to 90% during the COVID-19 pandemic, the International Monetary Fund has said, noting that it expects this to drop down to 80% as a result of the country’s economic recovery. Paolo Mauro, Deputy Director, IMF’s Fiscal Affairs Department told reporters at a news conference here on Wednesday, “In the...
More »Healthcare needs a reform, spending boost -Shikha Dahiya and Aditi Pathak
-The Hindu Business Line Large inter-State variations in funding, shortcomings in quality of care and neglect of urban health continue to haunt the sector Since Independence, India has made some notable gains on the health front. For instance, life expectancy at birth has increased, infant mortality and crude death rates have fallen steeply, diseases such as smallpox, polio and guinea worm have been eradicated, and leprosy is on the verge of getting...
More »The alchemy of anti-incumbency -Varghese K George
-The Hindu Mamata Banerjee’s assumption that Bengali nationalism could block anti-incumbency and Hindutva may be optimistic The Trinamool Congress (TMC) government in West Bengal is a unique specimen in understanding anti-incumbency. Welfare schemes that usually make incumbents popular have added to the anti-incumbency woes of Chief Minister Mamata Banerjee, as the workers of her party made those the easy and only option for rent-seeking. ‘Cut money’, or the cut for TMC local...
More »Government withdraws order on rate cut on small savings schemes -Vikas Dhoot
-The Hindu This is the first time that the Centre has scrapped the notified interest rates on small savings schemes after switching to a quarterly interest rate setting system in April 2016. Hours after notifying significant cuts in small savings instruments’ returns for this quarter, the government has backtracked on these sharp cuts. This is the first time that the Centre has scrapped the notified interest rates on small savings schemes after...
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