-The Times of India MUMBAI: Currency in circulation touched a new high of Rs 20.65 lakh crore on January 18, 2019, way above the pre-demonetisation high of Rs 17.97 lakh crore. The increase in currency usage points to a recovery in 'informality' in the economy as the government goes easy on goods and services tax compliance and businesses continue using cash, according to Pranjul Bhandari, chief economist, India, HSBC. The acceleration of...
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How useful will farmer support be? -Sanjiv Phansalkar
-VillageSquare.in It will not be easy to optimally deploy the basic income support announced by the government for small and marginal farmers. The scheme has large exclusions in the landless and the women as well India has taken the first step in providing basic income support to small and marginal farmers owning up to 2 hectares of land. This is to be a direct benefit transfer (DBT) of an annual Rs 6,000...
More »Two sides of the coin: Tax incentives and revenue forgone -Suraj Jaiswal and Neeti Biyani
-Down to Earth The use of tax incentives to attract investments is prevalent around the world. However, there is no definitive data on the global magnitude of incentives granted because not all countries collect and publicly report such data and there is no common methodology for reporting across all countries. Rough estimate by Action Aid (2013) pegs the incentives granted by developing countries from corporate income tax (CIT) at $138 billion....
More »There is so much confusion about the Pradhan Mantri Kisan Samman Nidhi Yojana
Against the backdrop of the Finance Minister Shri Piyush Goyal announcing the Pradhan Mantri Kisan Samman Nidhi (PMKSN) programme during his budget speech on 1st February, 2019, it becomes essential to differentiate between 12.56 crore operational holding households (enumerated, as per the Agriculture Census) and 13.33 crore ownership holding households (estimated, as per the 70th round National Sample Survey report no. 571) pertaining to size upto 2 hectares. In his budget...
More »Think differently about healthcare -Ravikumar Chockalingam
-The Hindu India’s public health system can no longer function within the shadows of its health services system In India, public health and health services have been synonymous. This integration has dwarfed the growth of a comprehensive public health system, which is critical to overcome some of the systemic challenges in healthcare. A stark increase in population growth, along with rising life expectancy, provides the burden of chronic diseases. Tackling this requires an...
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