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...
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India 4th largest economy but per capita income still low: Survey
-PTI India has become the fourth largest economy in the world because of strong economic growth but still has a low per capita income, the Economic Survey for 2011-12 said Thursday. “India has emerged as the fourth largest economy globally with a high growth rate and has improved its global ranking in terms of per capita income. Yet, the fact remains that its per capita income continues to be quite low,” it...
More »Govt report on farms calls for reforms to boost investment
-The Hindu Business Line A Government report has called for enhancing investment in agriculture and leveraging technology to boost the country's farm sector growth in the years ahead. The report ‘State of Indian Agriculture 2011-12,' released by the Agriculture Ministry on Tuesday, called for institutional reforms in research set up to make it more accountable and geared towards delivery, conservation of natural resources such as water and land among others. “Achieving a 8-9...
More »Study: Rural health spending went down in NRHM yrs-Abantika Ghosh
A study on the effect of the National Rural Health Mission (NRHM) on health expenditure in rural areas shows that between 2004-05 and 2009-10, the total monthly per capita medical expenditure in villages went up by 44 per cent against a corresponding increase of 65 per cent in urban areas. Over the same period, total per capita expenditure went up by 66 per cent in villages and 70 per cent in...
More »Government subsidy burden at 10-year high
-IANS The Indian government's subsidy burden is expected to reach 2.5 percent of the country's gross domestic product (GDP) for the fiscal ending March 31, the highest in 10 years, due to higher price of crude oil and other commodities, a report showed Tuesday. The total subsidy is expected to increase to Rs.2,23,000 crore in the current financial year, which is 2.5 percent of GDP at the current market price which is...
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