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.
Organisations save heavily by hiring contract labour and freelancers; a lot of saving is achieved on account of high-priced office space, staff welfare, training & development, electricity, water, etc.
The uneasy relationship between a good doctor and a bad patient is best illustrated by the divergence between the Economic Survey and the Budget, says former Union minister.
Derek O’Brien is the TMC’s most visible face in Delhi, close to many senior newspersons and also NDA leaders.
A total of 169 players were sold at the IPL auctions and Rs 431 crore spent.
Budget 2018: Mobile phone manufacture is the most obvious Make-in-India story. From just two in 2014, India has 123 manufacturers today. The output of phones is up from 48 mn to 224 mn and will rise further this year (2018) to 279 mn. Put another way, from a mere 19% in 2014, Made-in-India mobiles are up to 74%, and by the end of 2018, this will rise to 90%.
Budget 2018: Some might say it was the writing on the wall, given RBI’s paper had mentioned Blockchain last year and Andhra Pradesh (AP) government announced digitising of land records using the technology, but the FM, by declaring the use of blockchain, has undoubtedly ushered a new era of digitisation for the country
The Economic Survey is released by the department of economic affairs under the guidance of the chief economic advisor (CEA) every year. It presents the ministry of finance’s (MoF) view of how the Indian economy performed over the last 12 months.
Act East will gather momentum because now there is greater connectivity, better prospect of trade, market and exchange of information. Export-oriented ASEAN will look at India because of India’s emerging market and quality services.
In Budget 2018, the rural sector has been the primary focus of the finance minister, with measures such as assured minimum support price, and increased expenditure on rural infrastructure including housing, irrigation and roads.
Budget 2018:In other words, expect a surge in inflation and a bankrupting of government since, if the crops are not procured, farmers are to be compensated for this—for most crops, post-harvest prices are always significantly lower than MSPs.
Budget 2018: The budget ignored these facts, instead choosing to justify accommodating a 0.3% of GDP breach of the FY18 deficit target and postponing the commitment made in the last budget to a 3% of GDP deficit target for FY19 on the bad-timing hypothesis.
The FM in the last full budget focused majorly on agri and rural sector, health for poor, infra. He presented India’s most ambitious National Health Protection Scheme—“MODICARE” (apparently to replicate Obamacare) under which Rs 5 lakh cover will be provided annually to 10 crore families.
By and large, the poor quality of infrastructure facilities, civic amenities or services in many parts of the country is blamed on inadequate resources.
The health ministry’s decision, reported by Reuters, to apply a rarely used doctrine—“res extra commercium”, or outside the scope of commerce—sounds like a great attempt to stub out tobacco.
Given how discriminatory it would have been to have differently coloured passports for the “emigration clearance required” category—this is required for Indians with educational attainment below the matriculation level—the government has done well to drop the idea.
Given the tremendous success of the GST Council in making cooperative federalism work to smoothen the glitches in the GST process—the fact that GST revenues and filings are increasing is certainly testimony to this—as chief economic advisor Arvind Subramanian suggested in his press conference on Monday,
The Economic Survey talks of how the long-standing “exit” problem for companies has been addressed, but asserts this must be accompanied by reforms to shrink unviable banks and allow for greater private participation.
On the face of it, Delhi’s proposal to raise charges for parking on roads—and even charge parking outside homes, on the street—seems a welcome “user pays” move.
Union Budget 2018: Both demonetisation and GST disrupted the economy — though all evidence suggests the worst may be behind us— but as the Economic Survey points out, what is less appreciated is the role played by interest rates.
Make no mistake. Roger Federer may have said that he is not sure if he can equal Margaret Court’s record of 24 Grand Slam titles, but that is the healthy self-doubt all greats have, even at their peak.
While many recommend finance minister Arun Jaitley wait for the report of the Arbind Modi committee before making any changes in the direct tax structure, this would be a mistake for many reasons.