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Govt likely to shelve tax on healthcare

Caught between public outcry and Congress reservations, the government on Tuesday indicated that it was willing to review the Budget proposal to levy a service charge on healthcare costs of individuals. But those opting for medical insurance might have to remain under the ambit of the levy. ''Whether the service tax will be on 25-bed hospitals or whether it will be on all tests is something that can be discussed,'' revenue...

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Nanny retreats? Health, education outlay more than NREG & Rural by Anubhuti Vishnoi & Ravish Tiwari

For the first time since the launch of the National Rural Employment Guarantee Scheme (NREGS) in the 2005-06 fiscal, the combined plan outlay for the Ministries of HRD and Health has surpassed that of the Department of Rural Development, which administers doles like the NREGS, old age pension and rural housing grants to the poor. The UPA regime has for the first time cut outlay — by about 2 per cent...

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Agriculture and allied sectors get 14,744 cr by Jacob P Koshy

Although rising food prices remain a critical concern, finance minister Pranab Mukherjee is counting on better supply management, improved output of pulses and rice, better access to rural credit and strengthening of existing agricultural schemes to bolster India’s farm output. The rural economy employs about 60% of India’s work force, contributes about 17% of gross domestic product, and is expected to post 5.4% growth over last year, according to advanced estimates...

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Boosting human capital

In the pre-Budget Economic Survey 2010-11, the Union finance ministry made a strong pitch for the pro-growth impact of investment in human capital adding, “fortunately, there is awareness of this in India and efforts are afoot in terms of Budgetary allocation and actual initiatives to boost the development of skill and human capital.” Given this leading comment, it was only natural that Union finance minister Pranab Mukherjee laid special emphasis...

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We have an employability problem by Milind Deora

Three ostensibly disparate recent events have left me pondering about a lurking common thread among them: the Egypt uprising, PM’s appointment of a Cabinet-rank advisor for skills development and the fifth anniversary of the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS). What could be common among unrest in the Arab world, a seemingly inconspicuous government appointment and a fifth anniversary of a social welfare programme? The answer is youth,...

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