-Down to Earth Almost 90% of COVID-19 hospitalisations under the scheme took place in 4 states The Pradhan Mantri Jan Arogya Yojana (PM-JAY), India’s flagship health insurance scheme launched in 2018, provided cushion to only 14.25 per cent of people hospitalised for the novel coronavirus disease (COVID-19) between April 2020 and June 2021. The scheme’s failure during the pandemic was expected. Since health is a state subject and PM-JAY is implemented by the...
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Are we overestimating the fiscal boost to the economy? -Roshan Kishore
-Hindustan Times Gross domestic product (GDP) statistics are released at both current and constant prices. The latter discounts inflation (more on this later) from the base year of the current GDP series. Let’s assume it takes a tonne of steel to build half a kilometre of road. Let’s also assume steel costs ₹1,000 a tonne and there is a tax of 10% on steel. Now, if steel prices doubled in a year,...
More »NSO estimates FY22 GDP growth at 9.2%
-The Hindu COVID-19 could impact final numbers, says the National Statistical Office. India’s gross domestic product (GDP) is expected to grow by 9.2% in the current financial year following last fiscal’s 7.3% contraction, the National Statistical Office (NSO) said in its first advance estimates of economic output released on Friday, amid concerns over the likely impact of a third wave of the COVID pandemic. The NSO, however, made clear that these were “early...
More »Agriculture needs a separate budget -B Yerram Raju
-The Hindu Business Line Agriculture is too diverse a subject for it to be compressed into a sub-section of the regular budgets of the Centre and States During the last five years, the Budget allocation to agriculture has seen positive shifts consistent with the Centre’s role in research, marketing, exports, and agricultural education. In the light of the farm reform Bills’ repeal, is it not the right time to formulate a separate...
More »MSMEs: Engines of growth for new India -M Srikanth and KG Suresh
-The Hindu Business Line From easing access to credit to leveraging the PLI scheme, MSMEs can tap into a range of policy initiatives In November 2021 the government announced the Special Credit Linked Capital Subsidy Scheme for the MSMEs (Micro Small and Medium Enterprises) in the services sector. The scheme has a provision of 25 per cent capital subsidy for procurement of service equipment through institutional credit to the SMEs for advancement...
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