-The Indian Express By officially committing to inflation targeting through the signing of a monetary policy agreement between the finance ministry and the RBI, India has joined 28 other countries in explicitly fixing goals for annual increases in the consumer price index (CPI) and pinning responsibility on the central bank for achieving them. Interestingly, among the now 29 countries, India has the lowest per capita income. While there are as many as...
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BJP’s poll funds equal other parties’ put together
-Hindustan Times The BJP had received as much money in donations as all other national political parties combined for the 2014 general elections that it won with a sweeping verdict, says a report by the Association for Democratic Reforms (ADR). The ADR report said the BJP collected Rs 560 crore as against Rs 350 crore by the Congress, around Rs 77 crore each by NCP and the BSP and Rs 65 crore...
More »Budget for huge increase in DBT -Puja Mehra
-The Indian Express Benefits of Rs.33,000 crore will flow every year to the accounts of beneficiaries The Union Budget 2015-16 proposes a 10-fold scaling up of direct benefit transfers (DBT) during the next financial year as a key expenditure control measure. The move is expected to lead to accurate targeting of beneficiaries, de-duplication, reduction of fraud and elimination of waste and leakage in public programmes and schemes. The total number of beneficiaries under 35...
More »The budget exposes the class bias of the Modi govt -Prasenjit Bose
-Hindustan Times Finance Minister Arun Jaitley's claims of already having achieved an economic turnaround, made in his budget speech, evoke suspicion. Inflation is certainly down and so is the current account deficit, but that has almost entirely to do with the crash in international crude oil prices, which have fallen from $110 per barrel in June 2014 to around $57 per barrel currently. In fact, rather than passing on the full...
More »Anaemic allocation leaves healthcare gasping for more -Smriti Kak Ramachandran
-The Hindu Union Finance Minister Arun Jaitley's announcement of new AIIMS-like institutions, tax sops for those who buy health insurance, and Rs. 33,150 crore allocation has given the health sector little to cheer. Though the draft of the government's new national health policy wants public health expenditure to increase to 2.5 per cent of the GDP, the allocation seems insufficient to meet the government's ambitious universal health assurance mission that includes free...
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