-The Hindu Aadhaar-based biometric authentication did not reduce PDS leakages, finds Jharkhand-based empirical study “Aadhaar has curtailed leakages of government subsidies... Through Aadhaar, Savings worth ₹90,000 crore have accrued to the government,” said Ajay Bhushan Pandey, then CEO of the Unique Identification Authority of India (UIDAI) and current Revenue Secretary, in UIDAI’s 2017-18 annual report. But not so fast, say Professors Karthik Muralidharan, Paul Niehaus and Sandip Sukthankar. They have just published a...

-The Indian Express The Savings rate, expressed as a percentage of the gross domestic product, reflects the pool of investible funds within the country that are available for the government and private businesses to use for investment purposes. The government’s plan to gradually get rid of all exemptions and deductions under the personal income tax regime — in a bid to provide lower taxes and a simplified tax architecture as well as...

-Press released by All India Kisan Sangharsh Coordination Committee (AIKSCC) dated 1st February, 2020 Delhi, February 1st 2020: Budget fails to increase rural demand and purchasing power which would have boosted the economy - instead, the Budget only boosts the profits of big corporates and MNCs, said AIKSCC. When the crying need in India’s economy is to increase the demand and purchasing power in rural areas, and hence rural incomes, the...

-The Indian Express All such investments will go a long way to augment farmers’ incomes in a sustainable manner. Else, I am afraid, much of the talk in the Union budget for agri-reforms will remain mere rhetoric. Although the Union budget is basically an accounting exercise of revenues and expenditures for the coming year, economy-watchers anxiously wait for the finance minister to announce major economic reforms. In that sense, the budget of...

-The Hindu Owing to low health insurance coverage in India, especially for the poor, households have to dip into their Savings or borrow to meet hospital bills A majority of Indians did not have health insurance as of 2017-18. Coverage levels varied widely based on ‘wealth classes’. The poorest were the least covered as they mostly depended on government schemes, while the richest fared better and relied more on private insurance Abysmal coverage Among...