-The Guardian India's PM points to Gujarat as an emblem of economic success. But despite impressive growth, the state lags behind on welfare Narendra Modi has just unveiled his first budget after winning a massive electoral victory on a development platform. The budget presented last week has disappointed those who were expecting stronger signals about a pro-market shift in economic policy, as well as in the stock market. However, the budget has...
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Major diabetes, cardiac drugs to become up to 35% cheaper -Rupali Mukherjee
-The Times of India MUMBAI: In a move that has surprised and shaken the industry, prices of widely-used expensive anti-diabetic and cardiac medicines will reduce by as much as 35% over the next few weeks, with the drug pricing regulator, National Pharmaceutical Pricing Authority (NPPA), deciding to bring them under price control. In a rare invocation of a lesser-used provision in the Drug Price Control Order (DPCO), NPPA has fixed the prices...
More »Corporate karza maafi at Rs. 36.5 trillion -P Sainath
-PSainath.org The revenues foregone in 2013-14 could fund the rural jobs scheme for three decades or the PDS for four and a half years. It was business as usual in 2013-14. Business with a capital B. This year's budget document says we gave away another Rs. 5.32 lakh crores to the corporate needy and the under-nourished rich in that year. Well, it says Rs. 5.72 lakh crores but I'm...
More »Proposals on warehousing, marketing to improve supply
-The Business Standard Easing of APMC regime, farmer-consumer contact, other proposals seen as positives To ease supply-side constraints on food articles, Finance Minister Arun Jaitley has proposed several measures to help improve marketing and storage of produce. Taking cues from the Bhartiya Janata Party's election manifesto, he has proposed integrating markets across the country, with the Centre to work closely with states to reorient the latter's respective Agricultural Produce Marketing Committee (APMC) Acts,...
More »Agriculture & Social sectors: No breaking away from the past
-The Business Standard Slew of monetary allocations show no clear shift in strategy Finance Minister Arun Jaitley peppered his long speech with announcements of 28 schemes and projects of Rs 100 crore each. This suggests the National Democratic Alliance had grafted a social and agriculture agenda different from the United Progressive Alliance's. However, it was a relatively low-cost trick to dazzle and distract in a year when fiscal constraints remain as worrisome. The...
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