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Mandate and allocations -M Govinda Rao

-The Hindu The terms of reference of the 15th Finance Commission raise questions about constitutional propriety It is not without reason that the presidential terms of reference (ToR) of the Fifteenth Finance Commission have raised questions, and the recent conclave of Finance Ministers of the southern States to discuss contentious issues in the ToR is only the beginning. In the months ahead more debate on this is likely. But the line by...

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States should spend more on nutrition -Malancha Chakrabarty

-Livemint.com Greater fiscal autonomy has not yet translated into higher spending on nutrition by states Mohandas Karamchand Gandhi once said, “There are people in the world so hungry, that God cannot appear to them except in the form of bread.” Sadly, hunger and undernutrition continue to plague our country. India’s record in addressing undernutrition is abysmal. With a stunting rate of 38.4%, India accounts for about a third of the world’s stunted...

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Fiscal restructuring and its impact on nutrition financing in India -Malancha Chakrabarty

-Observer Researcher Foundation In 2015, the United Nations agreed to end hunger in all forms by 2030. While India has committed itself as a stakeholder in the 2030 agenda for development, its own record in reducing hunger has been less than satisfactory. Latest data from the National Family Health Survey-4 show an improvement in nutritional indicators of children under-five. However, there are huge differences across states and social groups. Nutrition should...

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Tax buoyancy improves, thanks to indirect levy -Muthukumar K

-The Hindu Business Line Research Bureau But indirect tax is inequitable as it is a burden for both the rich and the poor alike The growth in tax collection in relation to GDP growth has improved over the past couple of years under the Modi regime. In 2013-14, the final year of the UPA regime, tax buoyancy hit a four-year low at 0.71. Since then, it has improved to 1.23 in 2014-15 and...

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M Govinda Rao, ex-Director, National Institute of Public Finance and Policy (2003-13), interviewed by S Rajendran (The Hindu)

-The Hindu Centre for Politics and Public Policy Prime Minister Narendra Modi's announcement demonetising high denomination notes on November 8, 2016, will do little to address the prime objective of flushing out black money but will adversely affect the economy in the short term, especially the informal sector, which is predominant in India, says M. Govinda Rao, a Member of the Fourteenth Finance Commission and Emeritus Professor, National Institute of Public...

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