Budget 2018: The finance minister, in his Union Budget 2018 speech, mentioned “education” the most number of times (to be precise, 29 times), amongst other buzzwords like agriculture (26 times) and health (21 times). However, a simple fact check tells us that he didn’t really walk his talk.
Dakshina Kannada and Udupi districts in India have the maximum number of professional colleges per capita in the country. In addition to being the cradle of banking, these districts are a cradle of private professional colleges (17 engineering and 8 medical).
What’s in a name?”, asked a plaintive Romeo Montague, as he sought to woo Juliet of the Capulets. That question could be repeated as the Rashtriya Swasthya Bima Yojana (RSBY) changed name to the National Health Protection Scheme (NHPS).
Given how old commercial vehicles are the worst offenders when it comes to vehicular pollution—as per an AT Kearney report there are 11.2 lakh medium and heavy commercial vehicles that are more than 15 years old, and these contribute 34% of the pollution—there is a need to incentivise owners to stop using these.
While the government has yet to work out the modalities of its proposed MSP-based deficiency payments scheme, the lessons from the state—Madhya Pradesh (MP)—that is experimenting with this scheme are worrying.
Given how sharply bond yields have risen recently, the rate cycle has already changed, and that will hurt growth.
Franchising is a business model that has been effectively leveraged by the West in expansion of business, while splitting the cost and responsibility with the local franchisee.
Budget 2018: Given the prevailing economic conditions of muted consumption, the Union Budget FY19 was widely expected to focus on the rural and agricultural economy, social sector, job creation, and micro, small and medium enterprises (MSME).
Budget 2018: The Union Budget clearly recognises the strain on the economy, particularly in the farm and informal sectors, in terms of job creation. The proposal to increase agricultural credit by 10% to Rs 11 lakh crore and a host of other policies would revive demand and create opportunities for the MSME sector.
As for Apple and others that are importing phones, as this newspaper has shown (goo.gl/mhd1vT), even though so-called indigenisation of phones has increased dramatically—a mere 19% of phones were made locally in 2014 and this is up to over 74% today—the import bill has risen from $8.8 billion to $12.6 billion over the same period.
The budget’s promise of MSP-based deficiency payments, should the government not be able to procure all crops at the MSP, could cost around Rs 80,000 crore based on conservative estimates.
In August, the month before Google’s Tez was launched, these transactions had risen to 16.6 million and these had a value of Rs 4,130 crore. By November 2017, these had risen to 104.8 million transactions with a value of Rs 9,640 crore.
That is the plan. What needs to be seen is whether the minister will be able to push through his proposal, especially now that the general elections are approaching. If states are not able to reduce their ATC losses along the lines they promised when they signed on to the UDAY terms, there is no way they can take on the burden Singh is talking about.
The Supreme Court told the khaps that they had “no right to interfere”—in fact, the bench headed by Chief Justice Dipak Misra said that nobody had the right to interfere—in any marriage.
NITI Aayog’s policy paper on DFI and the published volumes of the committee on DFI of ministry of agriculture and farmers’ welfare have stressed on institutional and governance reforms as important components of government’s strategies to raise income of farmers in the country.
India’s inflation trajectory will keep rising over the next 5-6 months, and the “super core (ex-food, fuel, diesel, petrol and housing)” inflation has also been rising.
Greenhouse gas emissions from solid waste disposal as reported to the United Nations Framework Convention on Climate Change (UNFCCC) in 2015-16 by India increased at the rate of 3.1% per annum between 2000 and 2010, and by China at 4.6% per annum between 2005 and 2012.
Funding for inland waterways The Haldia-Varanasi project is envisaged as $800-mn Jal Marg Vikas Project. While $380-mn will come from budgetary sources and bond issue, $45-mn will be raised through PPP.
For seven trading sessions, markets everywhere have been throwing rocks at investors and nobody can say when it will end.
The Economic Survey of 2016 had some interesting points to make. In its words, “a simple comparison of aggregates with other countries indicates that India under-taxes and under-spends”, but “controlling for the level of economic development, India neither under-taxes nor under-spends”.
RBI may well feel forbearance will kill market discipline, but with banks facing massive NPA-related losses as well as bond-market losses, it does need to consider forbearance.
While the government has finally come out with a premium cost, of around Rs 1,000-1,200 per family for the proposed plan— had this been announced earlier, it would have prevented speculation on the costs—it underscores how vital it is to structure the programme right.
Although 3D printing did offer a viable alternative along with organs on a chip, given the complexities of living cells even these can’t be replicated on a clinical scale. New research from the University of Twente shows promise.
All achieved with private capital. Clearly, the FDI in telecom witnessed its lowest in 2012-13 under the UPA Government—marred by 2G scam which led to SC intervening and cancelling 122 licences, significantly deterring any investment into a burgeoning sector.
The creation of a health care system in this ambitious but manageable way opens the way to a much more comprehensive welfare system over the future. It is usual in this sort of schemes that a ratchet effect sets in.
The focus on agriculture, health, education and infrastructure had to be expected, given the onset of general elections. It is a mistake to have excluded energy from the speech (other than the familiar and politically “non-negotiable” promise to provide free/subsidised electricity and fuels to indigent households), especially in view of the hardening of oil and coal prices.
Countries that often rank near the top on both indices—the US, UK, Sweden, Denmark, the Netherlands—underscore close relationship between pro-IP policies and innovation-driven economies. For instance, in the US, innovative and IP-intensive industries create over 45 million American jobs and contribute nearly 40% of its GDP.