-Scroll.in To spend 2.5% of GDP on healthcare by 2025, the centre and state governments must increase healthcare allocation by 24% over the same period of time. Healthcare needs continue to cause financial hardship to people across India. The National Health Accounts 2014-’15 report reveals that more than two-thirds of total spending on health (67%) is household out-of-pocket expenditure. The report tracks how much money is spent on health and how money...
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India Economic Survey 2018: Arvind Subramanian says economic revival underway; 4 key takeaways -Sushruth Sunder
-The Financial Express India Economic Survey 2018: Chief Economic Advisor Arvind Subramanian says that the Indian economy is showing robust signs of recovery and a series of major reforms undertaken over the past year will allow real GDP growth to reach 6.75 percent this fiscal and will rise to 7.0 to 7.5 percent in 2018-19. Addressing media in the press conference post release of the economic survey, CEA Arvind Subramanian noted...
More »Can PM Modi afford to ignore 70% of India in Budget 2018-19?
-The Economic Times NEW DELHI: The upcoming Budget poses a big challenge to Prime Minister Narendra Modi. There are too many demands on the Budget while the government is expected to stick to its fiscal deficit targets. Traditionally, Modi's Bharatiya Janta Party (BJP) has been seen to rely on middle-class voters—urban workers and small traders. But Modi's rise to power was fuelled equally by rural voters. Budget 2018-19 being the last full...
More »Will FM Arun Jaitley give a rural touch to Budget 2018 or will he hold on to fiscal prudence? -Shantanu Nandan Sharma
-The Economic Times After Gujarat returned the ruling BJP with a slim margin, the chorus of the establishment was "jo jeeta wohi sikandar" (He who wins is the king). It seemed apt, considering that the party retained Prime Minister Narendra Modi's home state, bunking anti-incumbency of 22 years. But opposition wags responded with "jo sikha wohi sikandar", he who learns will be king, in 2019, in the next general elections. Rural Gujarat,...
More »Forced formalisation is not healthy -C Rammanohar Reddy
-Business Standard The large informal sector is a consequence - not a cause - of the low level of development For decades, one of the central aims of economic policy in India has been to create conditions for workers to move from low- to high-income employment. This has usually implied a shift from the informal sector where productivity is low, to the formal sector where productivity is high. This process of “formalisation”...
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