-The Indian Express To avoid a substantial fiscal slippage at the state government level, a sizeable expenditure reduction or deferral is likely to be required, given that the borrowing limit set by the central government acts as a soft constraint to the size of the states’ fiscal deficits. There are growing concerns that the two major sources of tax revenues for state governments, the state goods and services tax (SGST) and...
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GST, a buoyant force -Kapil Patidar & Arvind Subramanian
-The Indian Express Aggregate revenues have done well, despite headwinds, especially for less developed, consuming states One fiscal year into the implementation of the GST, it is worth asking how it has performed in terms of revenue generation both for the country and for individual states. And here the news, based on analysing nine full months of data, is encouraging. Three important and new points stand out. One, aggregate revenues are highly buoyant....
More »Global efforts halt depletion of life-preserving ozone layer, UN reports
International efforts to protect the ozone layer shielding life on Earth from harmful levels of ultraviolet rays have stopped additional ozone losses, potentially averting scores of millions of cases of skin cancer and eye cataracts, according to a new United Nations report released today. At the same time they have helped to mitigate the global warming greenhouse effect. “Today’s report underlines that action to protect the ozone layer has not only...
More »Efforts to boost maternal and child health falling short, UN report finds
An annual assessment report released today by the United Nations shows that while significant declines have been recorded by many countries in reducing maternal and child mortality, greater progress must be made to meet the global targets contained in the Millennium Development Goals (MDGs). First agreed at the UN Millennium Summit in September 2000, the eight MDGs set worldwide objectives for reducing extreme poverty and hunger, improving health and education,...
More »Public right to information essential to good governance, Ban stresses
Everyone has a right to information affecting their lives but too often government secrecy and a lack of accountability ensure that the public are deprived of vital facts, Secretary-General Ban Ki-moon said today as he called for a wholesale change in attitudes towards press freedom. Mr. Ban told a panel discussion being held at United Nations Headquarters in New York to mark the annual World Press Freedom Day that “there...
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