-Article-14.com In 2018, India diluted environmental safeguards when it ‘standardised’ or made simpler permissions for industry by expert panels. Now, as the government pushes the use of dirtier domestic coal by power plants, further dilution is underway, increasing health risks and imperilling the environment New Delhi: Standardised conditions will be “monitorable”. They will bring “uniformity”. They will help in “expediting the process of environmental clearance without compromising environmental norms”. These are claims the ministry of...
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Expenditure secy: Chose capex over handouts, will trigger growth -Aanchal Magazine
-The Indian Express Somanathan said the government is trying to reach the target group of unskilled and semi-skilled workers through increased government expenditure in the construction sector. Working with a “constrained resource envelope” in the aftermath of the Covid-19 pandemic ahead of Budget 2021-22, the government essentially had to make a choice between two policy options: handouts and capital expenditure. “We chose capex,” TV Somanathan, Expenditure Secretary, Ministry of Finance, told The...
More »Despite some hits, the Budget has crucial misses -R Nagaraj
-The Hindu That there is no targeted employment programme to alleviate the immediate crisis is a matter of concern The Budget, at its simplest, is the government’s tentative income and expenditure statement. Like all financial statements, the devil lies in the fine print. At its broadest, the Budget is a pious statement of the government’s policy and ideological intentions. It is also the government’s statement of how it seeks to tackle the...
More »India needs to look beyond the 137% spending hike to fix its public healthcare -Arjun Srinivas and howindialives.com
-Livemint.com Much of the increased spending will go towards preventive aspects of healthcare, with the health ministry by itself not gaining much even after the pandemic. India needs to do a whole lot more to strengthen its health infrastructure In her Budget speech, Finance Minister Nirmala Sitharaman announced a 137% increase in allocations on “health and well-being" for 2021-22, to ₹2.24 trillion. Embedded in that declaration was a definitional change: it also...
More »Concentration of power in India Inc: Regulator reviews seven key sectors -Pranav Mukul and Anil Sasi
-The Indian Express Simultaneously, it has started a review of all model concession agreements — the legal contract that forms the basis of the public-private partnership — across four key infrastructure sectors: airports, ports, electricity and railways. AMID the unprecedented concentration of power in at least seven core sectors in corporate India, from pharma and telecom to airports and ports, the Competition Commission of India has launched a set of detailed investigations...
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