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Health spending: How States splurge on salaries -Samarth Bansal

-The Hindu ‘Cost of an inpatient episode is much higher in private sector’ Bulk of the total public money spent in State-level healthcare system is not spent on medical services, but goes to wages and salaries of human resource, reveals a study of health accounts of six States. Wages and salaries account for 86 per cent of the total public expenditure in Punjab, 72 per cent in Maharashtra, 65 per cent in Kerala,...

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Farm-loan waiver: A political masterstroke, but economically not prudent -Sanjeeb Mukherjee, Amit Agnihotri & Archis Mohan

-Business Standard The efficacy of farm debt waivers is ambiguous, but it has proved to be a potent potent weapon in the run-up to elections With elections round the corner in agrarian states of Uttar Pradesh and Punjab, Congress vice president Rahul Gandhi, his party’s Punjab chief ministerial candidate Amarinder Singh and Aam Aadmi Party (AAP) chief Arvind Kejriwal are trying to woo farmers of the two states with promises of farm...

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The foreign hand isn't enough -Alex M Thomas

-The Hindu The pursuit of full employment of labour cannot primarily rely on domestic private investment, much less FDI. Only public investment will steady us in the long run. We are increasingly told that the inflow of capital — particularly the foreign direct investment (FDI) variety — increases employment levels and contributes to economic growth. In a rare interview given to The Wall Street Journal in May, Prime Minister Narendra Modi reinforced...

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Health in India: Where the money comes from and where it goes? -Samarth Bansal

-The Hindu It has long been argued that government spending on health should increase to 2.5 per cent of GDP. National Health Accounts (NHA) monitors the flow of resources in a country’s health system and provides detailed data on health finances. The NHA estimates for India for the financial year 2013-14 were published earlier this week, after a long void of almost a decade. The previous estimates were for the year 2004-05. In...

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Food prices may cool on kharif sowing; rate cut unlikely

-PTI The rise in wholesale prices may provide partial relief to manufacturers and producers, although it brings bad news for household budgets of consumers. Experts and industry said kharif sowing trends indicate cooling of food inflation in the coming months, even as chances of a rate cut in the near-term are low, given the rise in WPI and retail inflation. Wholesale inflation soared to a 23-month high of 3.55 per cent in July...

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