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Petrol/Diesel Prices: Who is Responsible for Back-breaking Hikes? -Subodh Varma

-Newsclick.in The central government has raked in over Rs18 lakh crore from excise duties compared to Rs14 lakh crore from taxes by all state governments over the past eight years. Yet again, the government has tried to obfuscate the exorbitant petrol/diesel prices by blaming state governments. This time, it was the Prime Minister himself who blamed some Opposition-ruled states for not reducing taxes like the Value Added Tax (VAT) after the central...

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HOPS as a route to universal health care -Jean Drèze

-The Hindu ‘Healthcare as an optional public service’ would ensure the legal right to receive free, quality care in a public institution The lingering COVID-19 crisis is a good time to revive an issue that is, oddly, slow to come to life in India — universal health care (UHC). Meanwhile, UHC has become a well-accepted objective of public policy around the world. It has even been largely realised in many countries, not...

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In Search of Inclusive Recovery: An Analysis of Union Budget 2022-23 -- CBGA

-Centre for Budget and Governance Accountability (CBGA), February 4, 2022 Since 2006, Centre for Budget and Governance Accountability (CBGA) has been bringing out an analysis of the Union Budget every year soon after its presentation in Parliament. This publication aims to facilitate an informed discussion on the Budget focusing both on revenue and expenditure aspects, particularly around the social sectors, agriculture, rural economy, climate actions and provisioning of budgetary support for...

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Indian Economy is in a Vicious Spiral; Only Way Out is by Empowering Working People -Prabhat Patnaik

-Newsclick.in India needs a larger government expenditure on transfers to the working people. For such larger expenditure, resources have to be raised through greatly increased Taxation of the rich- a reversal of the perverse fiscal strategy the government has pursued so far. The Indian economy is currently caught in a vicious spiral of inflation, stagnation and a widening of the fiscal deficit. And this spiral is set to become even more vicious...

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India’s economy and the challenge of informality -R Nagaraj and Radhicka Kapoor

-The Hindu Policy efforts to formalise the economy will have limited results as the bulk of informal units are petty producers Since 2016, the Government has made several efforts to formalise the economy. Currency demonetisation, introduction of the Goods and Services Tax (GST), digitalisation of financial transactions and enrolment of informal sector workers on numerous government Internet portals are all meant to encourage the formalisation of the economy. But why the impetus...

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