-Livemint.com GST rate cut and lenient implementation of the tax reform has caused GST collection in December to slip to Rs80,808 crore, down 14% from August and 3% from November New Delhi: Things don’t augur well for the exchequer, with recent GST rate cuts and a lenient implementation of the goods and services tax causing collections to slide further in December, posing a challenge to the government. Total GST collection of the central...
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Quality of spending comes under radar as fiscal draws to a close -Surabhi
-The Hindu Business Line Economists warn that revenue deficit may breach target New Delhi: Will the Exchequer’s switch to a new classification of expenditure from 2017-18 help lower the revenue deficit and improve the quality of spending? The Finance Ministry believes that shift in classification to revenue and capital expenditure from April 1, departing from the current distinction of Plan and Non-Plan spending, will help it direct expenditure towards productive purposes. It is also...
More »Be cautious on new accounting system: CGA -TCA Sharad Raghavan
-The Hindu The new method provides a more accurate picture of a company's financial position. It is also more complex, expensive and time-consuming. The Controller General of Accounts has asked the government to be careful in adopting the accrual method of accounting considering the costs involved as only a few of its departments can benefit. “We should tread this subject in a careful manner. There is no such thing as a big-bang approach....
More »Empower, not weaken the CAG -Gautam Sen
-The Hindu A recent proposal to curtail the powers of the Comptroller and Auditor General of India runs contrary to national and international conventions. Rather, it is the duty of both the executive and the legislature to strengthen this constitutional office A conference of the chairpersons of Public Accounts Committees (PACs) has just been held under the aegis of the Parliament’s PAC. Nishikant Dubey, Member of Parliament (Lok Sabha), member PAC, and...
More »Politics of Immunisation
-Economic and Political Weekly The health ministry's move on HPV vaccine feasibility is ill-advised. The union health ministry has asked the National Technical Advisory Group on Immunisation (NTAGI) to examine the feasibility of introducing the Human Papillomavirus (HPV) vaccine in the country’s universal immunisation programme. The NTAGI has been given three months for this task. The HPV vaccine, which is supposed to protect against cervical cancer in girls and women, is generally...
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