-Down to Earth The latest figures suggest that Manipur spends more OOPE in both rural and urban areas, whereas Gujarat spends less among states and Dadra and Nagar Haveli among Union territories There has been a substantial increase in out of pocket expenditure (OOPE) in various states and Union territories of India despite various maternal schemes having been implemented by the Union and state governments, according to the National Family Health Survey-5. Dependency...
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Creating a fair digital payments market -Padmashree Gehl Sampath
-The Hindu Local firms will be at a disadvantage if big tech companies are given plum roles Since early last year, WhatsApp has busily piloted its payment system in India. WhatsApp Pay relies on the Indian government’s Unified Payments Interface (UPI) system to facilitate inter-bank transactions. Regulatory approval that would allow its nation-wide introduction is stuck on one point: the Indian government has asked WhatsApp to localise all data processing related to...
More »A Budget that goes nowhere -C Rammanohar Reddy
-The Hindu It would seem that since the government is unable to catalyse domestic investment or fund public investment, it is now turning abroad to fuel growth Union Finance Minister Nirmala Sitharaman is mistaken if she thinks her first Budget is going to revive a slowing economy. The economy grew by just 5.8% in real terms in the last quarter of 2018-19. Yet, the Union Budget for 2019-20 assumes that the economy will...
More »Govt drops incentives given for UPI transactions -Mayur Shetty
-The Times of India MUMBAI: The government has prematurely withdrawn a scheme under which shopkeepers would get an incentive of up to Rs 1,000 for accepting payments using the Unified Payments Interface (UPI). Another one providing customers cashbacks of up to Rs 500 has also been withdrawn and replaced with a scheme that provides rewards of up to Rs 150 but only for Bhim app users. The move to withdraw the incentives...
More »Jan Aushadhi: Not yet a generic choice -PT Jyothi Datta
-The Hindu Business Line Come November, the Jan Aushadhi initiative completes nine years. But despite its recent achievements, there's more work to be done. PT Jyothi Datta writes Earlier this year, Chemicals and Fertilizers Minister Ananth Kumar vowed to end the “medicine mafia” in the country by opening many more Jan Aushadhi kendras, stores that sell generic medicines at affordable prices. Kumar was echoing the mission outlined by Finance Minister Arun Jaitley...
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