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Aadhaar's $11-billion question -Jean Dreze & Reetika Khera

-The Economic Times blog Word has it that World Bank economists use “obviously fabricated” data from time to time. These are not Sitaram Yechury or Medha Patkar’s words, but those of Paul Romer, former chief economist of the World Bank, in a recent email exchange reported by Financial Times. Romer retracted them later, but this “may not end the controversy”, as The Economist mildly put it. This is not the first time...

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Don't believe the BJP and Congress claims that they're cleaning up poll funding -Milan Vaishnav

-ThePrint.in The larger lesson is clear: in an era when the Congress & the BJP can agree on next to nothing, they will gladly join hands to save their own skin. Among all the talk of the aam aadmi focus emerging from last week’s Budget, many people may have missed one of its most self-serving acts. This manoeuvre found no mention in the Union Finance Minister’s presentation itself, but was instead buried...

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Employment-related payments get taxable -Lubna Kably

-The Times of India MUMBAI: The Income-tax Act is intricate — sometimes income received by an individual even if it relates to employment, does not fit within the technical definitions of 'salary' or 'profits received in lieu of salary'. Thus, very often, such income could not be taxed. Budget 2018-19 proposes to change this scenario. A wide range of income received — say non-compete payments (which sometimes did not fit the above...

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What the US Health Insurance Programme Can Teach India -Rama V Baru

-TheWire.in Why has India chosen the path of expanding medical insurance instead of a more comprehensive approach to health? The concern with rising inequities in access to medical care, rising out-of-pocket expenditures and unmet treatment needs have been addressed with yet another targeted medical insurance scheme for poor households. The idea of a targeted medical insurance is not new. Several southern states like Andhra Pradesh and Karnataka had introduced such schemes many...

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Top analysts shoot five big holes in Jaitley's Budget -Amit Mudgill

-The Economic Times NEW DELHI: Investors may be losing sleep over the re-entry of long-term capital gains tax on equities, but analysts feel that the worrylines are actually running deeper than you realise. The mega ambitious healthcare scheme announced in the Union Budget on Thursday is one such point of concern -- which aims to benefit 10 crore poor families for secondary and tertiary care hospitalisation. Sceptics are having a field day,...

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