-The Hindu The answer lies in the fragile state of the Centre’s finances, and its control over interest, pension and subsidy expenses To any layman watching India’s annual Budget jamboree, the entire exercise must seem very puzzling. After the Finance Minister has read out a long list of giveaways to farmers, small businesses, low-income earners and senior citizens in his speech, none of the beneficiaries seems entirely happy with their gifts. Commentators, after...

-The Times of India NEW DELHI: Contrary to the impression of an increased focus on health in the budget for 2018-19, not only has the overall allocation for health gone up only marginally over the Revised Estimates for the current year, the allocation for important programmes has actually been slashed. For instance, the allocation for the National Health Mission is down by 2.1% coming down from Rs 31,292 crore to Rs...

-TheWire.in The making of the Union Budget has been a far too secretive and hidden exercise. Social sector expenditure and allocations related to policy announcements should be matters of open ongoing debate. On December 20, 2017, a group of 60 eminent economists sent an open letter to the finance minister stating: “We are writing to draw your attention to two urgent priorities for the forthcoming budget.” The first was to increase the central...

-The Indian Express Budget’s bias toward privately-delivered care undermines universal health coverage Until about four decades ago, specialist healthcare (secondary and tertiary care) was largely a province of public hospitals, and the private sector largely kept itself to the provision of generalist healthcare. This underwent a transformation with the rise of the advanced medical interventions comprising tertiary-care medicine like organ transplantation and open heart surgery. Given these highly-profitable medical advances, the private...

Believe it or not, the total revenue foregone in 2017-18 on account of special tax rates, exemptions, deductions, rebates, deferrals and credits -- broadly termed as 'tax expenditures' (an indirect subsidy) – that was given to corporate taxpayers has been more than 50 percent of the expenditure incurred by the Ministry of Agriculture & Farmers Welfare (MoAFW) and the Ministry of Rural Development (MoRD) altogether in that year. In other...