-The Hindu It has long been argued that government spending on health should increase to 2.5 per cent of GDP. National Health Accounts (NHA) monitors the flow of resources in a country’s health system and provides detailed data on health finances. The NHA estimates for India for the financial year 2013-14 were published earlier this week, after a long void of almost a decade. The previous estimates were for the year 2004-05. In...
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50% of states expected to approve GST by early September -Sidhartha & Surojit Gupta
-The Times of India NEW DELHI: With half the state legislatures expected to ratify the Constitution amendment bill to roll out goods and services tax (GST) by early September, the Centre is now moving to the next stage — deciding on the contentious issue of fixing the rates — so that the ambitious reform initiative is in place by April. Sources said the finance ministry is set to hold consultations on the...
More »To clamp down on black money, govt set to ban cash transactions over Rs 3 lakh -Sidhartha & Surojit Gupta
-The Times of India NEW DELHI: The government is set to ban cash transactions over Rs 3 lakh as it seeks to clamp down on black money in the economy following recommendations from the Supreme Court-appointed Special Investigation Team. The government, however, is yet to decide on the SIT's other proposal to bar cash holdings over Rs 15 lakh due to opposition from trade and industry, sources told TOI. "There are concerns...
More »How to be a model State again -Jayan Jose Thomas
-The Hindu Kerala today is not generating enough jobs to meet the expectations of educated Keralites entering the labour market. Changing this is vital and doable Kerala’s development model is in focus yet again as the newly elected Left Democratic Front government is in the process of evolving a vision for the State’s economy. On the one hand, Kerala has made spectacular achievements in land reforms, education, and health since its formation. Amartya...
More »GST: Tax rate likely to be higher than 18%
-The Hindu The decision will be taken by GST Council, comprising Union and State Finance Ministers: Adhia. A day after the Bill to amend the Constitution was approved by the Rajya Sabha, paving the way for the Goods and Services tax (GST), the Centre seemed to concede that the rate at which the new indirect tax will be levied on most goods is likely to be higher than 18 per cent. While the...
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