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Violence cost India's GDP over $1 trn on PPP basis

-PTI The estimates include the direct and indirect cost of violence as well as an economic multiplier New Delhi: Violence cost the Indian economy a whopping USD 1.19 trillion (over Rs 80 lakh crore) last year in constant purchasing power parity (PPP) terms, which amounts to roughly USD 595.4 per person, says a report. The findings are part of the report prepared by the Institute for Economics and Peace (IEP) based on...

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Government 'Freezes' Health Insurance Rates, Ignores Private Hospitals' Protests -Anoo Bhuyan

-TheWire.in The government has fixed the insurance reimbursements for 1,354 medical procedures under its massive new scheme. They say they won’t revise this any further. New Delhi: Despite protests from the private health sector, that the government’s reimbursements to them under the massive new health insurance scheme are too low, the government has “frozen” these rates and is unlikely to change them. “The package rates are now frozen,” said health secretary Preeti Sudan. Dinesh...

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Measuring Economic Development: Data points undergo changes in 4 yrs -Aanchal Magazine

-The Indian Express GDP growth rates for pre-2011-12 years, making it impossible to compare the new growth data with the growth during the UPA years. New Delhi: From a new gross domestic product (GDP) series to a revised Index of Industrial Production and inflation indices, alongside fresh interventions including payroll reporting based on EPFO data, statistical measurement tools to gauge economic development underwent some change over the past four years. In the...

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An unexceptional economic performance -Pulapre Balakrishnan

-The Hindu It is now clear that the Indian economy is moving along a lower growth path At the end of May the Central Statistics Office (CSO) released much-awaited estimates of national income for the final quarter of the 2017-18 financial year. The timing coincided with the completion of four years in office of the National Democratic Alliance (NDA) government. In a propaganda blitz, surging through the Net, the government embraced the...

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High fuel prices singe farmers -Rutam Vora & TV Jayan

-The Hindu Business Line Middlemen can hike prices but producers lose margins Ahmedabad/ New Delhi: With the sharp increase in fuel prices punching holes in agricultural incomes, a section of farmers are reviewing the mechanisation options. Diesel prices are up one-fourth over corresponding time last year. "The cost including transportation and pump-sets operation works out to about 25 per cent of the cost of production in various crops. Fuel costs are going up...

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