-The Telegraph New Delhi: The income tax department has allowed referral kickbacks paid to doctors by private hospitals, nursing homes and diagnostic centres and spending on advertisements by doctors as expenses despite such expenditure being disallowed and unethical, a parliamentary panel said on Thursday. The public accounts committee for the Union finance ministry's department of revenue has cited an audit that found that in 19 instances in eight states, income-tax officers had...
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Farm support prices come with hidden costs -Ashima Goyal
-The Hindu Business Line In view of the distortions arising out of excessive price support, direct income transfers to farmers is a better option The domestic debate has tended to conclude that the rise in MSP announced in the Budget is an essential part of achieving the government’s objective of doubling farm incomes. But MSP stands for minimum support prices and is an instrument designed for reducing income volatility, not for raising...
More »Target incomes, not prices -Puja Mehra
-The Hindu Income support must be provided to at least the most vulnerable farmers Our farm policy is so bad, the proverb ‘you reap what you sow’ isn’t true any longer. A bumper crop is no different from a drought, for it too depresses farm incomes. Good rains, excessive sowing and the bumper harvest last year produced gluts in the market that sent the prices of many crops, and therefore farm incomes, crashing....
More »Health and poverty
-The Hindu Business Line The Ayushman Bharat programme must aim to reverse poverty caused by healthcare expenses The state of India’s healthcare system is somewhat dichotomous — the country is a global supplier of life-saving, affordable and good quality generic medicines, yet lakhs of families are driven into poverty because they are forced to spend much of their earnings and savings on medications to treat chronic and life-threatening diseases. The poor, particularly,...
More »Why are farmers angry -Harish Damodaran
-The Indian Express Behind the agitation, stagnant income and deteriorating terms of trade for agriculture New Delhi: Why are Indian farmers an angry lot today — stopping the supply of vegetables to cities and even spilling milk on roads? An answer to this can be found in the estimates of gross domestic product/ national income growth from the Central Statistics Office. The accompanying table shows two sets of growth figures. The first is...
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