-PTI Budget 2016: Finance Minister Arun Jaitley faces a tough task of balancing the needs of farm sector as well as the industry when he presents his third and challenging Budget tomorrow as he seeks to garner resources to boost public spending for higher growth amid global headwinds. On the income tax front, the Budget may continue with the status quo on the tax slabs while it may tinker with the exemptions. Rising...
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As customs duty exemption goes, 76 life-saving drugs to get costlier -Vidya Krishnan
-The Hindu Haemophilia patients dependent on U.S. drug likely to be worst-hit. In a move that could inflate the cost of essential life-saving imported drugs, the Finance Ministry has withdrawn exemption of 76 medicines from customs duties. The list includes 10 HIV drugs and at least four cancer drugs, but haemophilia patients are likely to be the most affected by the decision. Haemophilia is a genetic disorder in which the patient tends to...
More »Delhi can deal with pollution -Kirit Parikh & Jyoti Parikh
-The Indian Express The Aam Aadmi Party’s strategy is a good one for some immediate relief. However, it must initiate action on all the other measures now. Delhi has become the most air polluted city in the world. Urgent and effective actions are needed to bring the pollution level down. The cost to the health of Delhi citizens far exceeds any cost that some may have to bear to reduce it....
More »Arvind Subramanian, Chief economic advisor, speaks to Dilasha Seth, Arup Roychoudhury and Indivjal Dhasmana
-Business Standard Chief economic advisor Arvind Subramanian discusses the Budget, goods and services tax, Centre-state relationship and larger issues facing the economy with Dilasha Seth, Arup Roychoudhury and Indivjal Dhasmana. Edited excerpts: * In the mid-year economic analysis, you talked of revisiting the fiscal numbers for 2016-17. Is it a view of the chief economic advisor (CEA) or that of the government? I see my role as a member of the government. I...
More »An odd policy -Dinesh Mohan
-The Indian Express The odd-even car proposal is being enforced in Delhi without any evidence or cost-benefit analysis Mahatma Gandhi had said, “Action in the absence of knowledge can be dangerous and worse than no action at all”. This sage advice is ignored by most Indians. In the face of a serious pollution problem prevalent in most Indian cities, especially the smaller towns, we pretend that it is only the people...
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