-The Hindu “Commodities that are primarily consumed by the rich have a low tax rate” India’s rich feed off subsidies worth over Rs. 1 lakh crore a year that are meant for the poor, according to the Economic Survey. And this figure only considers the subsidies on six commodities, two public utilities — the Railways and electricity — and one small savings scheme, the Public Provident Fund. “There are a fair amount of...

-Livemint.com Overall, we find that social sector investments have in fact increased across all states, except Bihar In February 2015, the Government of India accepted the Fourteenth Finance Commission’s (FFC) recommendation to empower states with greater expenditure discretion. The states’ share in Union taxes, therefore, increased from 32% to 42%. While the move holds the promise to reform India’s centralized, one-size-fits-all approach to financing the social sector, the process adopted by...

-The Times of India NEW DELHI: Ahead of state polls in five states, the Modi government has constituted a committee of senior officers drawn from intelligence agencies and state police to keep a close watch on the movement of essential commodities in the domestic and international markets. On Tuesday, Cabinet secretary P K Sinha took a review meeting on prices of such commodities and directed all these agencies to enforce stock limits...

-The Hindu The Labour Ministry has mooted the idea of forming a National Social Security Authority, chaired by Prime Minister Narendra Modi, and a separate Social Security Department within the ministry to provide social security to the entire population in a bid to prop up the government’s pro-worker credentials, according to a concept note reviewed by The Hindu. The authority may have all the ministers and secretaries of all ministries dealing with...

-The Telegraph New Delhi: One in five patients in India treated for heart attacks had to pay over a third of their annual household income from their pockets despite health insurance, according to a study that doctors say highlights poor health care protection. The study probing the financial impacts of serious acute coronary events in a sample of 1,635 patients from 41 hospitals across the country has also found that 60 per...