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Balancing conflicting claims -C Rangarajan & DK Srivastava

-The Hindu The 15th Finance Commission has to take a call on the degree of equalisation that’s feasible In the context of the Terms of Reference (ToR) of the 15th Finance Commission (FFC), certain key aspects relate to (a) the mandate for using the 2011 population; (b) ‘whether revenue deficit grants’ be given at all; (c) the impact of the goods and services tax (GST) on the finances of the Centre and...

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An open letter to Finance Ministers -TM Thomas Isaac

-The Hindu Political alignments should not come in the way of defending the fiscal rights of States My fellow Finance Ministers in the States, I hope you will agree that the award of the Finance Commission is vital to State finances. Some of us who met initially at Thiruvananthapuram, Kerala, and later at Amaravati, Andhra Pradesh, are worried about the implications of the terms of reference (ToR) of the Finance Commission...

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Mandate and allocations -M Govinda Rao

-The Hindu The terms of reference of the 15th Finance Commission raise questions about constitutional propriety It is not without reason that the presidential terms of reference (ToR) of the Fifteenth Finance Commission have raised questions, and the recent conclave of Finance Ministers of the southern States to discuss contentious issues in the ToR is only the beginning. In the months ahead more debate on this is likely. But the line by...

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Missing the tree for the woods: Deaths due to cold

They say that fact is stranger than fiction, and the fact is that more people in India die annually due to exposure to cold weather rather than because of earthquake, cyclone or torrential rain. Data accessed from the National Crime Records Bureau (NCRB) shows that every year more people die because of 'exposure to cold' than due to landslide, flood or epidemic. The report entitled Accidental Deaths and Suicides in India...

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A policy failure in pulses -Ashutosh Kumar Tripathi

-The Financial Express The criteria for fixing MSP of pulses should be sensitive to prevailing market prices The agricultural price policy, which aimed at providing a remunerative and stable price environment to farmers through MSPs and obligatory procurement by government agencies, has helped India overcome massive food shortages to emerge as a net exporter of food. Though the Terms of Reference (ToR) of the Agricultural Prices Commission requires that policy-induced incentive should...

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