Most of us don’t even get a single shot at making history — Manmohan Singh has a second chance The fiscal deficit is an outcome, not a policy. It is the net resolution of the policies pertaining to taxes and expenditure. It is worth analysing separately the two components of the deficit. The table reports the results of relating the tax and expenditure share of GDP to per capita income for...

In a spate of recent cases in Punjab, information seekers are being turned away by public institutions on the ground that they are not covered under the RTI Act, and are not obliged to share information about their functioning. This despite the fact that almost all these institutions have received financial aid from the state government.   In nearly all such cases, the information seekers had to knock the doors of Information...

-The Indian Express The Samajwadi Party’s sweep in India’s biggest state, Uttar Pradesh, and Congress’s defeat in Punjab and Goa will further shrink the elbow room the Congress-led UPA government at the Centre has to push through key initiatives such as foreign direct investment (FDI) in multi-brand retail, pension reforms and legislation such as the goods and service tax (GST) that require support from states. The Centre had postponed some of these...

-The Times of India Government agencies fear that terror funds are flowing into the real estate sector, apart from a substantial part of the black money generated within the country finding its way into the housing industry. An assessment prepared by revenue intelligence agencies and reviewed by the finance minister recently reveals that the highest component of undisclosed money detected by the income tax department was from the real estate sector. Officials suspect...

India looks to reduce out-of-pocket expenditure on health in 12th Plan Ahead of the 12th Five Year Plan, which aims to focus on health, the Union ministry of health and family welfare called a one-day national consultation to deliberate social determinants of health. The outcome would influence health policies for the next Plan period, beginning April. According to the World Health Organization (WHO), social determinants like poor economic status, lower social status,...