-The Hindu Business Line The priority for this government is to promote the medical care market, not ensure universal healthcare for the majority Those at the helm of policymaking in the country have been, for some time, strongly advocating austerity as the principle for public expenditure policies, particularly for the social sectors. Arvind Panagariya, the vice-chairperson of the NITI Aayog, suggests that “for just three-quarters of a per cent of the GDP”, 0.76...
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Rebooting India’s agricultural policy -Himanshu
-Livemint.com The efforts of the government in revamping the crop insurance and land titling schemes are long-term solutions which will take time to bear results The agricultural sector is facing its worst moment in the last three decades. The last time India saw such distress caused by back-to-back deficient rains was during the drought of 1986-87 and 1987-88. The severity of the situation is evident from the stories of migration and...
More »New crop insurance scheme will cover 50% of farmers: Jaitley -Deepa Nair
-The Hindu Business Line Mumbai: The newly-launched Pradhan Mantri Fasal Bima Yojana (PMFBY) will bring about 50 per cent of India’s farmers in the crop insurance net and help reduce the prevailing distress in the agriculture sector, according to Finance Minister Arun Jaitley. PMFBY is distinct from all earlier schemes in the sense that it not only takes the number of insured farmers to a higher level (from 20 per cent earlier...
More »Inflation higher in poorer states
-The Financial Express This is a double whammy for the poor. Despite a fall in retail inflation to 5.18% in February from a 17-month high of 5.69% in the previous month, most of the lower-income states witnessed higher retail inflation than the richer ones, reports fe Bureau in New Delhi. According to DK Joshi, the chief economist at Crisil, higher-income states like Haryana, Kerala, Uttarakhand, Maharashtra and Gujarat saw lower retail inflation...
More »Job scheme in decline -Ajoy Ashirwad Mahaprashasta
-Frontline.in The increase in the budgetary allocation for the MGNREGA is only marginal. The scheme helped lower the poverty level by 32 per cent between 2004-05 and 2011-12, but government support for it has been declining steadily. In the beginning, economists belonging to the Right and the Left were of the view that the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) was merely a populist measure. While the former believed...
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