-The Times of India MUMBAI: The 100% tax waiver announced in the Union Budget on `small flats' to encourage affordable housing can lead to builders laughing all the way to the bank. Take a hypothetical case: Nothing stops a developer from constructing tiny 300square-foot apartments in tony Napean Sea Road in south Mumbai, selling them at, say, Rs 70,000sq ft, and getting a total tax waiver on profits. Experts say no law...
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Policy shame: sick, rare and ignored -Shilpi Bhattacharya
-The Hindu If the Indian government is serious about its commitment to realise the rights of its citizens to universal and equitable health care, it cannot ignore rare diseases. The draft National Health Policy, 2015, makes no mention of them Rare diseases are a diverse set of over 7,000 different conditions that afflict an estimated 1 in 20 Indians and 350 million people worldwide. Put simply, it means that every bus on...
More »Just another trivial Budget -Ashok V Desai
-The Hindu The Finance Minister’s prescriptions are a classic case of being unable to see the wood for the trees, be it on the tax proposals, the rural outreach or the bank bailout. It was a marathon achievement: 12,187 words in 111 minutes. True, there were no interruptions; the Finance Minister virtually sent the House to sleep. I have listened to many Budget speeches; and I cannot say that Dr. Manmohan Singh...
More »More than Make in India, Jaitley Needs to Focus on Farm in India -Devinder Sharma
-TheWire.in We are in a moment when the global economy shows no signs of revival; Russia and Japan are faced with recession, and emerging economies like Brazil and South Africa are in dire straits. There is no silver lining visible as far as domestic industrial growth is concerned. At such a time, all eyes are on Union finance minister Arun Jaitley to see how he plans to sustain economic growth that...
More »Can India beat this slowdown? -Jayan Jose Thomas
-The Hindu It is only due to the high rates of growth in the services sector that India’s overall economic growth appears robust. The world economy is so hard to predict. In 2008, as the global financial markets plunged into a crisis, high oil prices were considered to be one of the factors that caused it. Today, many fear that the world economy is on the edge of another recession. Guess what...
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