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tter to confront these choices on your own terms than to wait for markets or external shocks to force them upon you that is the debate we need to have in britain how to protect the most vulnerable while reshaping the welfare state and public spending so that our economy can grow and our finances remain credible read more in my column for today s sunday times here https lnkd in etuwcnbk more no more previous content no more next content 3 148 238 comments like comment share copy linkedin facebook x bharat nair vice president operations corporate communications branding marketing sales production 13 166 followers 1y report this post if a 5 biscuit can tell us everything why can t a 100 crore road i recently came across this thought provoking visual and it struck a chord in fact i ve seen something similar already implemented on several pwd roads in kerala where boards display the cost contractor and responsible engineers involved in a public works project that s transparency that s accountability and that s exactly what we need nationwide why this matters a 5 parle g biscuit packet gives you manufacturer batch number license details expiry date a 100 crore road often no clue who built it how much it cost or who s accountable for its failure imagine if every road had a qr code on a board at regular intervals scannable info on name of the contractor date of completion cost incurred responsible government department supervising engineers and ministers this is not a futuristic dream it s a reality in progressive states like kerala so why not scale it across india as per kerala pwd s 2023 circular all major road works must display project name contractor details total sanctioned cost start and end dates contact number for grievance redressal these boards are common on nh sh and pmgsy roads in the state a suggestion for india let s treat public infrastructure like public information taxpayer money deserves traceability whether it s for a bridge a hospital or a highway let s build roads you can drive on and trust transparency accountability goodgovernance keralamodel publicinfrastructure digitalindia roadsafety nhai pmgsy taxpayermoney linkedinindia indiadeservesbetter qrcodeinitiative more no more previous content no more next content 5 622 350 comments like comment share copy linkedin facebook x ivy wanjiru top40under40 2026 thinkfluencer ️ ms money monday ️ 100 most impactful voices africa 2024 linkedin influencer of the year 2024 founder the_movers_society_ 105 990 followers 1y report this post in december while most of us were enjoying the holidays 7 bills were signed into law these bills contained some of the proposals that we previously rejected in the finance bill 2024 here are 7 of the now enacted tax laws 1 elimination of tax reliefs the government has eliminated two key tax relief measures affordable housing relief and post retirement medical fund relief this move reduces incentives for affordable housing and financial preparedness for medical expenses in retirement 2 higher excise duty on sugar alcohol and confectionery excise duty rates have been increased on imported sugar with exceptions granted for pharmaceutical manufacturers and raw sugar intended for processing additionally higher excise duties have been imposed on various alcoholic beverages and imported sugar confectionery this is expected to increase the cost of these items placing additional financial strain on consumers 3 excise duty on tobacco and nicotine products cigarettes both filtered and unfiltered and nicotine products for inhalation such as e cigarettes now face higher excise duty rates this may discourage nicotine and tobacco products consumption and promote public health 4 new excise duties on electric transformers and printing ink excise duties have been introduced at 25 on imported electric transformers and parts and 15 on imported printing ink this will likely raise the costs of infrastructure development indirectly affecting industries and businesses reliant on these imports 5 additional excise duties on imported goods the government has introduced new excise duties on imported goods including 5 on ceramic sanitaryware and tiles 35 on float glass and 2 5 on coal imports with specific rates based on custom value or weight the higher taxes on these goods may lead to increased costs for construction and manufacturing potentially slowing economic growth in these sectors 6 tax exemption for mps mps exempted themselves from paying sh1 billion in car taxes each mp was initially expected to pay sh2 5 million in taxes but this cost will now be borne by kenyan taxpayers this exemption further widens the divide between the ruling class and its people as taxpayers shoulder the financial burden while mps benefit from exemptions 7 significant economic presence tax a new tax targeting foreign companies with a significant economic presence sep in kenya has been introduced non resident companies providing services in kenya will now pay a 6 sep tax this change is likely to result in higher rates for services offered by companies such as bolt and uber as they adjust their pricing to accommodate the increased tax burden the rejected finance bill 2024 aimed to raise kes 344 3 billion while these recently passed amendments aim to raise kes 162 billion 47 of the original target it is safe to say that the finance bill is halfway back more no more previous content no more next content 793 92 comments like comment share copy linkedin facebook x hans stegeman hans stegeman is an influencer chief economist triodos bank columnist phd transforming economics for sustainability 78 741 followers 1mo report this post humanity is now globally having fewer children than needed to keep population steady for the first time in recorded history a second demographic transition a new study looked at 236 countries since 1950 almost every country is now on a declining path 219 out of 236 what surprised the researchers most it s no longer just rich countries having fewer children mexico s birth rate is now lower than white americans tunisia s birth rate is close to germany s at a fraction of the income the old assumption poorer countries have more children richer countries have fewer is breaking down figure 1 shows the pattern we all learned in school high births high deaths slowly shifting to low and low population grows along the way figure 2 shows what the textbooks usually skip births falling below deaths population shrinking not growing why does this matter economically quite a lot simple arithmetic a country s output grows because more people work because each worker produces more or both take away the growing workforce and a country seen as an economic failure looks different adjusted for its shrinking population japan s growth gap with the us nearly disappears not the story of policy failure everyone tells now bring in a second piece of research this one on welfare states welfare states depend on growth it shows why shrinking populations hit especially hard in growth dependent economies pensions healthcare and social support all assume a growing pool of workers paying in an ageing population does damage twice over fewer people fund the system more people need it much of our tax base is tied to jobs and wages that base shrinks right when demand for support rises add to that the rise of rent seeking and financialisation within care and health provision and rising inequality driving up demand for support growth has been the plaster covering all of it the paper s conclusion is blunt within an economic system built on accumulation and profit maximisation welfare without growth is very hard to arrange our economic systems are built on the assumption of growth our populations are moving the opposite way almost everywhere not two problems happening side by side one problem seen from two directions so if our economies depend on growth and our populations are shrinking isn t it time we questioned our addiction to growth itself sources in the comments more no more previous content no more next content 434 61 comments like comment share copy linkedin facebook x parth verma ca nyu stern valuation mentoring applied corporate finance international trainer 285 361 followers 1y report this post i still find it wild how india s budget now runs on psu profits not tax hikes not selling assets just good old dividend payouts from state owned giants like coal india ongc sbi and lic and the numbers they re huge in fy25 government owned companies paid over 74 000 crore in dividends that s 16 more than last year nearly 8x what the government earned by selling psu shares 14 of the government s non tax income like dividends rbi profits and fees and a full 35 more than what the government had planned to collect this year and this shift didn t happen overnight over the last few years the government has quietly turned psus into reliable cash machines a policy now requires them to pay at least 30 of profits or 4 of net worth as dividend whichever is higher being the biggest shareholder the centre gets most of that money and when it needs more it often asks psus to pay special one time dividends buy back shares from the government or even buy stakes in other psus for example in 2018 ongc acquired the government s 51 11 stake in hpcl for 36 915 crore effectively transferring cash from one state owned company to the budget that 36 915 crore wasn t through a market ipo it was cash moving internally indirectly benefiting the government s books so yeah turns out it s the old public companies keeping the budget steady but let s not overhype it either is it significant in the full budget not really it s just around 1 7 of total spending small next to tax revenue or borrowing but in fiscal management very useful especially when the money comes in early before the full budget is even out it gives the government room to breathe spend or cut back on borrowing without panic here s the cost no one talks about big dividends today often mean less reinvestment tomorrow and that s a problem for capital heavy companies like ongc ntpc you can t keep milking the cow if you re not feeding it the cash doesn t go back into the companies it goes into funding new schemes new promises nothing wrong with that unless it comes at the cost of the companies future still to be fair it s a smart way to get more out of government owned companies it s clever it s quiet and it s helping for now but is this a sustainable revenue engine or just a slow drain on the system we haven t felt yet would love to hear your take in the comments repost this to help others share this with others follow your man parth for premium finance content finance investmentbanking linkedin more no more previous content no more next content 1 597 153 comments like comment share copy linkedin facebook x mariana mazzucato professor in the economics of innovation and public value university college london founder director of iipp at ucl 72 601 followers 1y report this post colombia s national development plan envisions a more equitable and sustainable economy but its success will require fundamental changes in how the government operates including a new framework to define measure and maximize the public value of public resources supported by a mission oriented whole of government and cross sectoral approach my new report with jose alejandro coronado leyner mosquera andrés osorio and ana steiner a public value framework for directing public finance insights from the implementation of colombia s national development plan explores what this could mean for three public institutions in colombia the special assets society sae sae the bicentennial group bc and agencia nacional de contratación pública colombia compra eficiente cce our report includes specific recommendations for each of these institutions highlighting the importance of focusing on projects based on their potential to contribute to the goals of colombia s national development plan and designing specific asset management financial and procurement tools to align with these goals and with the needs of beneficiaries notably from within the popular economy considering the adoption of multi criteria analysis to track the progress and impact of these projects and facilitate learning and iteration collaborating with other government actors to ensure comprehensive wrap around support for beneficiaries for example the transfer of a land asset from sae to a community could be complemented by financing from the bicentennial group capacity building programmes to empower communities to manage and sustain their assets over the long term and demand side procurement measures to create local markets for local products considering the adoption of multi criteria analysis to track the progress and impact of these projects and facilitate learning and iteration refining the public value framework developed by sae and exploring the potential to scale it across other government actors this report is the result of a collaboration between the ucl institute for innovation and public purpose iipp and the government of colombia including the special assets society sae which is piloting a new approach to measuring and maximising the public value of the assets it holds it was supported by the open society foundations read the report ️ https lnkd in een4wksr more 429 12 comments like comment share copy linkedin facebook x kasia zellmann weina phd purpose driven social entrepreneurship circular economy founding partner director at evergreen labs 4 241 followers 10mo report this post the funding problem no one talks about we got excited about a funding opportunity last week the terms of reference said all the right things circular economy infrastructure sustainable waste management systems level change then we read the budget guidelines what we could fund capacity building workshops training and awareness campaigns study visits and reports what we couldn t fund infrastructure trucks equipment facilities operational costs until revenue stabilizes operations staff salaries maintenance and working capital we closed the application this is the pattern we see over and over funding that talks about systems change but won t fund infrastructure donors who want models to scale but won t fund the operations that make them work it s not intentional it s just how development funding is structured capacity building is easy to measure infrastructure is messy and ongoing but you can t capacity build your way to functioning systems here s what happens communities get trained on waste separation composting material recovery the training is excellent people are motivated then what no truck to collect separated waste no processing facility no budget for operations staff beyond six months no working capital the knowledge exists the system doesn t function because operational infrastructure was never funded six months later another donor another workshop same ...