-The Times of India NEW DELHI: The highlight of the gross domestic product (GDP) data for July-September quarter is the overall growth rate of 6.3 per cent, the first time pace of economic growth has increased in six quarters. It suggests that the marked slide we witnessed over the last year has finally stopped. However, a look at the disaggregated data shows that the economy is still struggling. A comparison of the...
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Before Universal Basic Income, We Must First Get Social Spending Basics Right -Anjana Thampi and Ishan Anand
-TheWire.in The Economic Survey 2016-17 devotes a chapter to the provision of a Universal Basic Income (UBI), describing it as a “raging new idea,” a “radical new vision” and “the shortest path to eliminating poverty”. While warning that the UBI “should not become the Trojan horse that usurps the fiscal space for a well-functioning state,” the survey says a de facto UBI can be instituted in the existing “fiscal space”. It...
More »Tax buoyancy improves, thanks to indirect levy -Muthukumar K
-The Hindu Business Line Research Bureau But indirect tax is inequitable as it is a burden for both the rich and the poor alike The growth in tax collection in relation to GDP growth has improved over the past couple of years under the Modi regime. In 2013-14, the final year of the UPA regime, tax buoyancy hit a four-year low at 0.71. Since then, it has improved to 1.23 in 2014-15 and...
More »At The Margins -Lola Nayar
-Outlook Is the devolution of national funds to states really worth the praise? * Share of the states in the divisible pool of central taxes has risen from 32% to 42% for five years till 2019-20 * Rise in untied funds transferred is accompanied by cut in Central assistance for state plan spending * Limited ability of the poorer states to expand their fiscal space with own revenue collection * Funds for rural development...
More »Budget 2016, through a prism of the poor -Brinda Karat
-The Indian Express Gamlina’s response is just one example of how distant this government is from the lives of the poor and how tokenistic its schemes are. Gamlina Soren, an elected panchayat member in Jharkhand, sounded upset. She had been told by a local BJP functionary that gas cylinders were going to be “gifted” to poor women by the Centre but that they must have a BPL card. “But most poor Adivasi...
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