-The Times of India NEW DELHI: India has been ranked 132 out of 152 countries in an index that rates countries by their commitment to reducing inequality. The first report edition of the index, released recently, showed that oecd countries headed by Sweden ranked the highest while Nigeria was at the bottom. The US had the highest level of inequality among developed countries, though it is the wealthiest country in history. Ironically,...
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How Spin Masters Made You Believe Indians Have Maximum Confidence In Their Government -Siddhartha Mishra
-Outlook Indians’ confidence in their government was higher in 2007, fell to 55 percent in 2012. It stands at 73 percent now. Numbers, facts and a bit of laziness can change perception. Mainstream media reported this morning that ‘India tops global index of countries with the most confidence in their government’, which is incorrect. Organisation for Economic Cooperation and Development's (oecd) Government at a Glance report mentions that “73 per cent Indians...
More »Framing the right prescription for health expenditure -Saachi Bhalla & Nachiket Mor
-The Hindu Strategic shifts are needed in the level of government control on the financing and provision of health India spends close to 5% of its GDP on health. While this may appear low when compared to 18% of the U.S., data show that Organisation for Economic Co-operation and Development (oecd) countries spend 8-11%, middle-income countries close to 6%, and India’s peers, the lower-middle-income countries 4.5%. By these measures, India’s health-care spending,...
More »Budget unmindful of income inequality -MA Oommen
-The Hindu Business Line It should have considered universal basic income. But sadly, budgets are not seen as a means to meet socio-economic goals The Union Budget attracts considerable media hype and debate. Democracy, if understood as a contract between the state and its citizens, may have to use the budgetary process to ensure not only prosperity for all, but justice or fairness to the most disadvantaged among them as well. A rational...
More »Tax buoyancy improves, thanks to indirect levy -Muthukumar K
-The Hindu Business Line Research Bureau But indirect tax is inequitable as it is a burden for both the rich and the poor alike The growth in tax collection in relation to GDP growth has improved over the past couple of years under the Modi regime. In 2013-14, the final year of the UPA regime, tax buoyancy hit a four-year low at 0.71. Since then, it has improved to 1.23 in 2014-15 and...
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