Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 73
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 74
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67ea6219a7d40-trace').style.display = (document.getElementById('cakeErr67ea6219a7d40-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr67ea6219a7d40-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67ea6219a7d40-code').style.display = (document.getElementById('cakeErr67ea6219a7d40-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67ea6219a7d40-context').style.display = (document.getElementById('cakeErr67ea6219a7d40-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67ea6219a7d40-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700">&lt;</span><span style="color: #0000BB">head</span><span style="color: #007700">&gt;
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-The Business Standard
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&amp;nbsp;
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&lt;em&gt;Major subsidies extended by the government are likely to jump to Rs 1,34,411 crore during 2011-12&lt;/em&gt;
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The Survey has warned of deteriorating fiscal health due to a mounting subsidy burden. The huge outgo over the past year has been largely on account of the global rally in crude oil prices, the fertiliser subsidy and state-controlled foodgrain prices, it said. It also blamed &amp;lsquo;coalition politics and federal considerations&amp;rsquo; for holding up economic reforms on several fronts.
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Major subsidies extended by the government are likely to jump to Rs 1,34,411 crore during 2011-12 as compared to the Rs 1,31,212 crore of 2010-11. The government had projected the subsidy to GDP ratio to remain at 1.5 per cent. It had crossed two per cent in 2008-09 and 2009-10.
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&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
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These high subsidy levels could take a toll on the government&amp;rsquo;s intent to lower the fiscal deficit, the survey said. &amp;ldquo;Besides, higher oil prices entail higher than budgeted subsidy outgo, with attendant implications for the levels of deficit,&amp;rdquo; it noted. The survey recommends a policy of not tinkering with market prices and on direct cash transfers to keep the subsidy burden under control.
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&lt;br /&gt;
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It also advocated a fixed subsidy on every litre of diesel sold, as an interim measure before the fuel price was decontrolled. In recent years, diesel price adjustments have lagged international prices and budgetary subsidies for the fuel have ballooned, it noted. Currently, oil companies incur a revenue loss of Rs 12.17 on every litre of diesel and Rs 439 on every LPG cylinder sold for domestic use. The total subsidy on diesel was Rs 56,732 crore, while on domestic LPG it was Rs 20,516 crore during the first three quarters of this financial year. For every litre of diesel sold by an oil marketing company, the government should give only a fixed subsidy of a certain number of rupees. This would prompt consumers to economise use, the survey stated.
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&lt;br /&gt;
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Diesel&amp;rsquo;s low prices are providing incentives for misuse, apart from resulting in shifts in use such as for luxury sports utility vehicles (SUVs), escalating imports in an energy-insecure country and increased pollution loads. Petrol prices were decontrolled on June 25, 2010 and it was said at the same time that diesel would also be decontrolled but that has not happened. The survey regretted that the price control had prompted private companies like Reliance to exit the fuel retail market.
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&amp;ldquo;Diesel prices need a large adjustment now (as China, for example, has recently undertaken), given subsidies, pollution and public health costs. Charging high road and vehicle taxes is another option (that Singapore uses),&amp;rdquo; the survey said in a chapter on &amp;lsquo;Sustainable Development and Climate Change&amp;rsquo;, included in this annual document for the first time.
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The survey also stated that the National Food Security Bill might entail some rise in the levels of subsidy, even as it corrects under-consumption by the poor. Among the main items of gross additional expenditure by the government in 2011-12 include Rs 30,000 crore on compensating oil marketing companies for under-recoveries on sale of petroleum products, Rs 13,779 crore for fertiliser subsidy and Rs 2,297 crore as food subsidy.
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Major subsidies extended by the government are likely to jump to Rs 1,34,411 crore during 2011-12





The Survey has warned of deteriorating fiscal health due to a mounting subsidy burden. The huge outgo over the past year has been...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div style=&quot;text-align: justify&quot;&gt;-The Business Standard&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;em&gt;Major subsidies extended by the government are likely to jump to Rs 1,34,411 crore during 2011-12&lt;/em&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The Survey has warned of deteriorating fiscal health due to a mounting subsidy burden. The huge outgo over the past year has been largely on account of the global rally in crude oil prices, the fertiliser subsidy and state-controlled foodgrain prices, it said. It also blamed &amp;lsquo;coalition politics and federal considerations&amp;rsquo; for holding up economic reforms on several fronts.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Major subsidies extended by the government are likely to jump to Rs 1,34,411 crore during 2011-12 as compared to the Rs 1,31,212 crore of 2010-11. The government had projected the subsidy to GDP ratio to remain at 1.5 per cent. It had crossed two per cent in 2008-09 and 2009-10.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;These high subsidy levels could take a toll on the government&amp;rsquo;s intent to lower the fiscal deficit, the survey said. &amp;ldquo;Besides, higher oil prices entail higher than budgeted subsidy outgo, with attendant implications for the levels of deficit,&amp;rdquo; it noted. The survey recommends a policy of not tinkering with market prices and on direct cash transfers to keep the subsidy burden under control.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;It also advocated a fixed subsidy on every litre of diesel sold, as an interim measure before the fuel price was decontrolled. In recent years, diesel price adjustments have lagged international prices and budgetary subsidies for the fuel have ballooned, it noted. Currently, oil companies incur a revenue loss of Rs 12.17 on every litre of diesel and Rs 439 on every LPG cylinder sold for domestic use. The total subsidy on diesel was Rs 56,732 crore, while on domestic LPG it was Rs 20,516 crore during the first three quarters of this financial year. For every litre of diesel sold by an oil marketing company, the government should give only a fixed subsidy of a certain number of rupees. This would prompt consumers to economise use, the survey stated.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Diesel&amp;rsquo;s low prices are providing incentives for misuse, apart from resulting in shifts in use such as for luxury sports utility vehicles (SUVs), escalating imports in an energy-insecure country and increased pollution loads. Petrol prices were decontrolled on June 25, 2010 and it was said at the same time that diesel would also be decontrolled but that has not happened. The survey regretted that the price control had prompted private companies like Reliance to exit the fuel retail market.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;ldquo;Diesel prices need a large adjustment now (as China, for example, has recently undertaken), given subsidies, pollution and public health costs. Charging high road and vehicle taxes is another option (that Singapore uses),&amp;rdquo; the survey said in a chapter on &amp;lsquo;Sustainable Development and Climate Change&amp;rsquo;, included in this annual document for the first time.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The survey also stated that the National Food Security Bill might entail some rise in the levels of subsidy, even as it corrects under-consumption by the poor. Among the main items of gross additional expenditure by the government in 2011-12 include Rs 30,000 crore on compensating oil marketing companies for under-recoveries on sale of petroleum products, Rs 13,779 crore for fertiliser subsidy and Rs 2,297 crore as food subsidy.&lt;/div&gt;&#039;,
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-The Business Standard
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&amp;nbsp;
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&lt;em&gt;Major subsidies extended by the government are likely to jump to Rs 1,34,411 crore during 2011-12&lt;/em&gt;
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&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
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The Survey has warned of deteriorating fiscal health due to a mounting subsidy burden. The huge outgo over the past year has been largely on account of the global rally in crude oil prices, the fertiliser subsidy and state-controlled foodgrain prices, it said. It also blamed &amp;lsquo;coalition politics and federal considerations&amp;rsquo; for holding up economic reforms on several fronts.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Major subsidies extended by the government are likely to jump to Rs 1,34,411 crore during 2011-12 as compared to the Rs 1,31,212 crore of 2010-11. The government had projected the subsidy to GDP ratio to remain at 1.5 per cent. It had crossed two per cent in 2008-09 and 2009-10.
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&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
These high subsidy levels could take a toll on the government&amp;rsquo;s intent to lower the fiscal deficit, the survey said. &amp;ldquo;Besides, higher oil prices entail higher than budgeted subsidy outgo, with attendant implications for the levels of deficit,&amp;rdquo; it noted. The survey recommends a policy of not tinkering with market prices and on direct cash transfers to keep the subsidy burden under control.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
It also advocated a fixed subsidy on every litre of diesel sold, as an interim measure before the fuel price was decontrolled. In recent years, diesel price adjustments have lagged international prices and budgetary subsidies for the fuel have ballooned, it noted. Currently, oil companies incur a revenue loss of Rs 12.17 on every litre of diesel and Rs 439 on every LPG cylinder sold for domestic use. The total subsidy on diesel was Rs 56,732 crore, while on domestic LPG it was Rs 20,516 crore during the first three quarters of this financial year. For every litre of diesel sold by an oil marketing company, the government should give only a fixed subsidy of a certain number of rupees. This would prompt consumers to economise use, the survey stated.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Diesel&amp;rsquo;s low prices are providing incentives for misuse, apart from resulting in shifts in use such as for luxury sports utility vehicles (SUVs), escalating imports in an energy-insecure country and increased pollution loads. Petrol prices were decontrolled on June 25, 2010 and it was said at the same time that diesel would also be decontrolled but that has not happened. The survey regretted that the price control had prompted private companies like Reliance to exit the fuel retail market.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;ldquo;Diesel prices need a large adjustment now (as China, for example, has recently undertaken), given subsidies, pollution and public health costs. Charging high road and vehicle taxes is another option (that Singapore uses),&amp;rdquo; the survey said in a chapter on &amp;lsquo;Sustainable Development and Climate Change&amp;rsquo;, included in this annual document for the first time.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The survey also stated that the National Food Security Bill might entail some rise in the levels of subsidy, even as it corrects under-consumption by the poor. Among the main items of gross additional expenditure by the government in 2011-12 include Rs 30,000 crore on compensating oil marketing companies for under-recoveries on sale of petroleum products, Rs 13,779 crore for fertiliser subsidy and Rs 2,297 crore as food subsidy.
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-The Business Standard


&amp;nbsp;


Major subsidies extended by the government are likely to jump to Rs 1,34,411 crore during 2011-12





The Survey has warned of deteriorating fiscal health due to a mounting subsidy burden. The huge outgo over the past year has been...&#039;
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-The Business Standard


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Major subsidies extended by the government are likely to jump to Rs 1,34,411 crore during 2011-12





The Survey has warned of deteriorating fiscal health due to a mounting subsidy burden. The huge outgo over the past year has been..."/>
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                <strong>Subsidies a concern, action on diesel prices required</strong></h1>
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                <div style="text-align: justify">-The Business Standard</div><div style="text-align: justify">&nbsp;</div><div style="text-align: justify"><em>Major subsidies extended by the government are likely to jump to Rs 1,34,411 crore during 2011-12</em></div><div style="text-align: justify"><br /></div><div style="text-align: justify">The Survey has warned of deteriorating fiscal health due to a mounting subsidy burden. The huge outgo over the past year has been largely on account of the global rally in crude oil prices, the fertiliser subsidy and state-controlled foodgrain prices, it said. It also blamed &lsquo;coalition politics and federal considerations&rsquo; for holding up economic reforms on several fronts.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Major subsidies extended by the government are likely to jump to Rs 1,34,411 crore during 2011-12 as compared to the Rs 1,31,212 crore of 2010-11. The government had projected the subsidy to GDP ratio to remain at 1.5 per cent. It had crossed two per cent in 2008-09 and 2009-10.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">These high subsidy levels could take a toll on the government&rsquo;s intent to lower the fiscal deficit, the survey said. &ldquo;Besides, higher oil prices entail higher than budgeted subsidy outgo, with attendant implications for the levels of deficit,&rdquo; it noted. The survey recommends a policy of not tinkering with market prices and on direct cash transfers to keep the subsidy burden under control.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">It also advocated a fixed subsidy on every litre of diesel sold, as an interim measure before the fuel price was decontrolled. In recent years, diesel price adjustments have lagged international prices and budgetary subsidies for the fuel have ballooned, it noted. Currently, oil companies incur a revenue loss of Rs 12.17 on every litre of diesel and Rs 439 on every LPG cylinder sold for domestic use. The total subsidy on diesel was Rs 56,732 crore, while on domestic LPG it was Rs 20,516 crore during the first three quarters of this financial year. For every litre of diesel sold by an oil marketing company, the government should give only a fixed subsidy of a certain number of rupees. This would prompt consumers to economise use, the survey stated.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Diesel&rsquo;s low prices are providing incentives for misuse, apart from resulting in shifts in use such as for luxury sports utility vehicles (SUVs), escalating imports in an energy-insecure country and increased pollution loads. Petrol prices were decontrolled on June 25, 2010 and it was said at the same time that diesel would also be decontrolled but that has not happened. The survey regretted that the price control had prompted private companies like Reliance to exit the fuel retail market.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&ldquo;Diesel prices need a large adjustment now (as China, for example, has recently undertaken), given subsidies, pollution and public health costs. Charging high road and vehicle taxes is another option (that Singapore uses),&rdquo; the survey said in a chapter on &lsquo;Sustainable Development and Climate Change&rsquo;, included in this annual document for the first time.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The survey also stated that the National Food Security Bill might entail some rise in the levels of subsidy, even as it corrects under-consumption by the poor. Among the main items of gross additional expenditure by the government in 2011-12 include Rs 30,000 crore on compensating oil marketing companies for under-recoveries on sale of petroleum products, Rs 13,779 crore for fertiliser subsidy and Rs 2,297 crore as food subsidy.</div>               </font>
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-The Business Standard
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;em&gt;Major subsidies extended by the government are likely to jump to Rs 1,34,411 crore during 2011-12&lt;/em&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
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The Survey has warned of deteriorating fiscal health due to a mounting subsidy burden. The huge outgo over the past year has been largely on account of the global rally in crude oil prices, the fertiliser subsidy and state-controlled foodgrain prices, it said. It also blamed &amp;lsquo;coalition politics and federal considerations&amp;rsquo; for holding up economic reforms on several fronts.
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&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
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Major subsidies extended by the government are likely to jump to Rs 1,34,411 crore during 2011-12 as compared to the Rs 1,31,212 crore of 2010-11. The government had projected the subsidy to GDP ratio to remain at 1.5 per cent. It had crossed two per cent in 2008-09 and 2009-10.
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&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
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These high subsidy levels could take a toll on the government&amp;rsquo;s intent to lower the fiscal deficit, the survey said. &amp;ldquo;Besides, higher oil prices entail higher than budgeted subsidy outgo, with attendant implications for the levels of deficit,&amp;rdquo; it noted. The survey recommends a policy of not tinkering with market prices and on direct cash transfers to keep the subsidy burden under control.
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&lt;br /&gt;
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It also advocated a fixed subsidy on every litre of diesel sold, as an interim measure before the fuel price was decontrolled. In recent years, diesel price adjustments have lagged international prices and budgetary subsidies for the fuel have ballooned, it noted. Currently, oil companies incur a revenue loss of Rs 12.17 on every litre of diesel and Rs 439 on every LPG cylinder sold for domestic use. The total subsidy on diesel was Rs 56,732 crore, while on domestic LPG it was Rs 20,516 crore during the first three quarters of this financial year. For every litre of diesel sold by an oil marketing company, the government should give only a fixed subsidy of a certain number of rupees. This would prompt consumers to economise use, the survey stated.
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&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
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Diesel&amp;rsquo;s low prices are providing incentives for misuse, apart from resulting in shifts in use such as for luxury sports utility vehicles (SUVs), escalating imports in an energy-insecure country and increased pollution loads. Petrol prices were decontrolled on June 25, 2010 and it was said at the same time that diesel would also be decontrolled but that has not happened. The survey regretted that the price control had prompted private companies like Reliance to exit the fuel retail market.
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&lt;br /&gt;
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&amp;ldquo;Diesel prices need a large adjustment now (as China, for example, has recently undertaken), given subsidies, pollution and public health costs. Charging high road and vehicle taxes is another option (that Singapore uses),&amp;rdquo; the survey said in a chapter on &amp;lsquo;Sustainable Development and Climate Change&amp;rsquo;, included in this annual document for the first time.
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&lt;br /&gt;
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The survey also stated that the National Food Security Bill might entail some rise in the levels of subsidy, even as it corrects under-consumption by the poor. Among the main items of gross additional expenditure by the government in 2011-12 include Rs 30,000 crore on compensating oil marketing companies for under-recoveries on sale of petroleum products, Rs 13,779 crore for fertiliser subsidy and Rs 2,297 crore as food subsidy.
&lt;/div&gt;&#039;,
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-The Business Standard


&amp;nbsp;


Major subsidies extended by the government are likely to jump to Rs 1,34,411 crore during 2011-12





The Survey has warned of deteriorating fiscal health due to a mounting subsidy burden. The huge outgo over the past year has been...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div style=&quot;text-align: justify&quot;&gt;-The Business Standard&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;em&gt;Major subsidies extended by the government are likely to jump to Rs 1,34,411 crore during 2011-12&lt;/em&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The Survey has warned of deteriorating fiscal health due to a mounting subsidy burden. The huge outgo over the past year has been largely on account of the global rally in crude oil prices, the fertiliser subsidy and state-controlled foodgrain prices, it said. It also blamed &amp;lsquo;coalition politics and federal considerations&amp;rsquo; for holding up economic reforms on several fronts.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Major subsidies extended by the government are likely to jump to Rs 1,34,411 crore during 2011-12 as compared to the Rs 1,31,212 crore of 2010-11. The government had projected the subsidy to GDP ratio to remain at 1.5 per cent. It had crossed two per cent in 2008-09 and 2009-10.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;These high subsidy levels could take a toll on the government&amp;rsquo;s intent to lower the fiscal deficit, the survey said. &amp;ldquo;Besides, higher oil prices entail higher than budgeted subsidy outgo, with attendant implications for the levels of deficit,&amp;rdquo; it noted. The survey recommends a policy of not tinkering with market prices and on direct cash transfers to keep the subsidy burden under control.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;It also advocated a fixed subsidy on every litre of diesel sold, as an interim measure before the fuel price was decontrolled. In recent years, diesel price adjustments have lagged international prices and budgetary subsidies for the fuel have ballooned, it noted. Currently, oil companies incur a revenue loss of Rs 12.17 on every litre of diesel and Rs 439 on every LPG cylinder sold for domestic use. The total subsidy on diesel was Rs 56,732 crore, while on domestic LPG it was Rs 20,516 crore during the first three quarters of this financial year. For every litre of diesel sold by an oil marketing company, the government should give only a fixed subsidy of a certain number of rupees. This would prompt consumers to economise use, the survey stated.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Diesel&amp;rsquo;s low prices are providing incentives for misuse, apart from resulting in shifts in use such as for luxury sports utility vehicles (SUVs), escalating imports in an energy-insecure country and increased pollution loads. Petrol prices were decontrolled on June 25, 2010 and it was said at the same time that diesel would also be decontrolled but that has not happened. The survey regretted that the price control had prompted private companies like Reliance to exit the fuel retail market.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;ldquo;Diesel prices need a large adjustment now (as China, for example, has recently undertaken), given subsidies, pollution and public health costs. Charging high road and vehicle taxes is another option (that Singapore uses),&amp;rdquo; the survey said in a chapter on &amp;lsquo;Sustainable Development and Climate Change&amp;rsquo;, included in this annual document for the first time.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The survey also stated that the National Food Security Bill might entail some rise in the levels of subsidy, even as it corrects under-consumption by the poor. Among the main items of gross additional expenditure by the government in 2011-12 include Rs 30,000 crore on compensating oil marketing companies for under-recoveries on sale of petroleum products, Rs 13,779 crore for fertiliser subsidy and Rs 2,297 crore as food subsidy.&lt;/div&gt;&#039;,
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-The Business Standard
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&amp;nbsp;
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&lt;em&gt;Major subsidies extended by the government are likely to jump to Rs 1,34,411 crore during 2011-12&lt;/em&gt;
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The Survey has warned of deteriorating fiscal health due to a mounting subsidy burden. The huge outgo over the past year has been largely on account of the global rally in crude oil prices, the fertiliser subsidy and state-controlled foodgrain prices, it said. It also blamed &amp;lsquo;coalition politics and federal considerations&amp;rsquo; for holding up economic reforms on several fronts.
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&lt;br /&gt;
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Major subsidies extended by the government are likely to jump to Rs 1,34,411 crore during 2011-12 as compared to the Rs 1,31,212 crore of 2010-11. The government had projected the subsidy to GDP ratio to remain at 1.5 per cent. It had crossed two per cent in 2008-09 and 2009-10.
&lt;/div&gt;
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&lt;br /&gt;
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These high subsidy levels could take a toll on the government&amp;rsquo;s intent to lower the fiscal deficit, the survey said. &amp;ldquo;Besides, higher oil prices entail higher than budgeted subsidy outgo, with attendant implications for the levels of deficit,&amp;rdquo; it noted. The survey recommends a policy of not tinkering with market prices and on direct cash transfers to keep the subsidy burden under control.
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&lt;br /&gt;
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It also advocated a fixed subsidy on every litre of diesel sold, as an interim measure before the fuel price was decontrolled. In recent years, diesel price adjustments have lagged international prices and budgetary subsidies for the fuel have ballooned, it noted. Currently, oil companies incur a revenue loss of Rs 12.17 on every litre of diesel and Rs 439 on every LPG cylinder sold for domestic use. The total subsidy on diesel was Rs 56,732 crore, while on domestic LPG it was Rs 20,516 crore during the first three quarters of this financial year. For every litre of diesel sold by an oil marketing company, the government should give only a fixed subsidy of a certain number of rupees. This would prompt consumers to economise use, the survey stated.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Diesel&amp;rsquo;s low prices are providing incentives for misuse, apart from resulting in shifts in use such as for luxury sports utility vehicles (SUVs), escalating imports in an energy-insecure country and increased pollution loads. Petrol prices were decontrolled on June 25, 2010 and it was said at the same time that diesel would also be decontrolled but that has not happened. The survey regretted that the price control had prompted private companies like Reliance to exit the fuel retail market.
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&lt;br /&gt;
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&amp;ldquo;Diesel prices need a large adjustment now (as China, for example, has recently undertaken), given subsidies, pollution and public health costs. Charging high road and vehicle taxes is another option (that Singapore uses),&amp;rdquo; the survey said in a chapter on &amp;lsquo;Sustainable Development and Climate Change&amp;rsquo;, included in this annual document for the first time.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
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The survey also stated that the National Food Security Bill might entail some rise in the levels of subsidy, even as it corrects under-consumption by the poor. Among the main items of gross additional expenditure by the government in 2011-12 include Rs 30,000 crore on compensating oil marketing companies for under-recoveries on sale of petroleum products, Rs 13,779 crore for fertiliser subsidy and Rs 2,297 crore as food subsidy.
&lt;/div&gt;&#039;,
	&#039;credit_writer&#039; =&gt; &#039;The Business Standard, 16 March, 2012, http://www.business-standard.com/india/news/subsidiesconcern-actiondiesel-prices-required/467914/&#039;,
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-The Business Standard


&amp;nbsp;


Major subsidies extended by the government are likely to jump to Rs 1,34,411 crore during 2011-12





The Survey has warned of deteriorating fiscal health due to a mounting subsidy burden. The huge outgo over the past year has been...&#039;
$disp = &#039;&lt;div style=&quot;text-align: justify&quot;&gt;-The Business Standard&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;em&gt;Major subsidies extended by the government are likely to jump to Rs 1,34,411 crore during 2011-12&lt;/em&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The Survey has warned of deteriorating fiscal health due to a mounting subsidy burden. The huge outgo over the past year has been largely on account of the global rally in crude oil prices, the fertiliser subsidy and state-controlled foodgrain prices, it said. It also blamed &amp;lsquo;coalition politics and federal considerations&amp;rsquo; for holding up economic reforms on several fronts.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Major subsidies extended by the government are likely to jump to Rs 1,34,411 crore during 2011-12 as compared to the Rs 1,31,212 crore of 2010-11. The government had projected the subsidy to GDP ratio to remain at 1.5 per cent. It had crossed two per cent in 2008-09 and 2009-10.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;These high subsidy levels could take a toll on the government&amp;rsquo;s intent to lower the fiscal deficit, the survey said. &amp;ldquo;Besides, higher oil prices entail higher than budgeted subsidy outgo, with attendant implications for the levels of deficit,&amp;rdquo; it noted. The survey recommends a policy of not tinkering with market prices and on direct cash transfers to keep the subsidy burden under control.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;It also advocated a fixed subsidy on every litre of diesel sold, as an interim measure before the fuel price was decontrolled. In recent years, diesel price adjustments have lagged international prices and budgetary subsidies for the fuel have ballooned, it noted. Currently, oil companies incur a revenue loss of Rs 12.17 on every litre of diesel and Rs 439 on every LPG cylinder sold for domestic use. The total subsidy on diesel was Rs 56,732 crore, while on domestic LPG it was Rs 20,516 crore during the first three quarters of this financial year. For every litre of diesel sold by an oil marketing company, the government should give only a fixed subsidy of a certain number of rupees. This would prompt consumers to economise use, the survey stated.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Diesel&amp;rsquo;s low prices are providing incentives for misuse, apart from resulting in shifts in use such as for luxury sports utility vehicles (SUVs), escalating imports in an energy-insecure country and increased pollution loads. Petrol prices were decontrolled on June 25, 2010 and it was said at the same time that diesel would also be decontrolled but that has not happened. The survey regretted that the price control had prompted private companies like Reliance to exit the fuel retail market.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;ldquo;Diesel prices need a large adjustment now (as China, for example, has recently undertaken), given subsidies, pollution and public health costs. Charging high road and vehicle taxes is another option (that Singapore uses),&amp;rdquo; the survey said in a chapter on &amp;lsquo;Sustainable Development and Climate Change&amp;rsquo;, included in this annual document for the first time.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The survey also stated that the National Food Security Bill might entail some rise in the levels of subsidy, even as it corrects under-consumption by the poor. Among the main items of gross additional expenditure by the government in 2011-12 include Rs 30,000 crore on compensating oil marketing companies for under-recoveries on sale of petroleum products, Rs 13,779 crore for fertiliser subsidy and Rs 2,297 crore as food subsidy.&lt;/div&gt;&#039;
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-The Business Standard


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Major subsidies extended by the government are likely to jump to Rs 1,34,411 crore during 2011-12





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                <strong>Subsidies a concern, action on diesel prices required</strong></h1>
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                <div style="text-align: justify">-The Business Standard</div><div style="text-align: justify">&nbsp;</div><div style="text-align: justify"><em>Major subsidies extended by the government are likely to jump to Rs 1,34,411 crore during 2011-12</em></div><div style="text-align: justify"><br /></div><div style="text-align: justify">The Survey has warned of deteriorating fiscal health due to a mounting subsidy burden. The huge outgo over the past year has been largely on account of the global rally in crude oil prices, the fertiliser subsidy and state-controlled foodgrain prices, it said. It also blamed &lsquo;coalition politics and federal considerations&rsquo; for holding up economic reforms on several fronts.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Major subsidies extended by the government are likely to jump to Rs 1,34,411 crore during 2011-12 as compared to the Rs 1,31,212 crore of 2010-11. The government had projected the subsidy to GDP ratio to remain at 1.5 per cent. It had crossed two per cent in 2008-09 and 2009-10.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">These high subsidy levels could take a toll on the government&rsquo;s intent to lower the fiscal deficit, the survey said. &ldquo;Besides, higher oil prices entail higher than budgeted subsidy outgo, with attendant implications for the levels of deficit,&rdquo; it noted. The survey recommends a policy of not tinkering with market prices and on direct cash transfers to keep the subsidy burden under control.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">It also advocated a fixed subsidy on every litre of diesel sold, as an interim measure before the fuel price was decontrolled. In recent years, diesel price adjustments have lagged international prices and budgetary subsidies for the fuel have ballooned, it noted. Currently, oil companies incur a revenue loss of Rs 12.17 on every litre of diesel and Rs 439 on every LPG cylinder sold for domestic use. The total subsidy on diesel was Rs 56,732 crore, while on domestic LPG it was Rs 20,516 crore during the first three quarters of this financial year. For every litre of diesel sold by an oil marketing company, the government should give only a fixed subsidy of a certain number of rupees. This would prompt consumers to economise use, the survey stated.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Diesel&rsquo;s low prices are providing incentives for misuse, apart from resulting in shifts in use such as for luxury sports utility vehicles (SUVs), escalating imports in an energy-insecure country and increased pollution loads. Petrol prices were decontrolled on June 25, 2010 and it was said at the same time that diesel would also be decontrolled but that has not happened. The survey regretted that the price control had prompted private companies like Reliance to exit the fuel retail market.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&ldquo;Diesel prices need a large adjustment now (as China, for example, has recently undertaken), given subsidies, pollution and public health costs. Charging high road and vehicle taxes is another option (that Singapore uses),&rdquo; the survey said in a chapter on &lsquo;Sustainable Development and Climate Change&rsquo;, included in this annual document for the first time.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The survey also stated that the National Food Security Bill might entail some rise in the levels of subsidy, even as it corrects under-consumption by the poor. Among the main items of gross additional expenditure by the government in 2011-12 include Rs 30,000 crore on compensating oil marketing companies for under-recoveries on sale of petroleum products, Rs 13,779 crore for fertiliser subsidy and Rs 2,297 crore as food subsidy.</div>               </font>
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-The Business Standard
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&amp;nbsp;
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&lt;em&gt;Major subsidies extended by the government are likely to jump to Rs 1,34,411 crore during 2011-12&lt;/em&gt;
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The Survey has warned of deteriorating fiscal health due to a mounting subsidy burden. The huge outgo over the past year has been largely on account of the global rally in crude oil prices, the fertiliser subsidy and state-controlled foodgrain prices, it said. It also blamed &amp;lsquo;coalition politics and federal considerations&amp;rsquo; for holding up economic reforms on several fronts.
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&lt;br /&gt;
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Major subsidies extended by the government are likely to jump to Rs 1,34,411 crore during 2011-12 as compared to the Rs 1,31,212 crore of 2010-11. The government had projected the subsidy to GDP ratio to remain at 1.5 per cent. It had crossed two per cent in 2008-09 and 2009-10.
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&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
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These high subsidy levels could take a toll on the government&amp;rsquo;s intent to lower the fiscal deficit, the survey said. &amp;ldquo;Besides, higher oil prices entail higher than budgeted subsidy outgo, with attendant implications for the levels of deficit,&amp;rdquo; it noted. The survey recommends a policy of not tinkering with market prices and on direct cash transfers to keep the subsidy burden under control.
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&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
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It also advocated a fixed subsidy on every litre of diesel sold, as an interim measure before the fuel price was decontrolled. In recent years, diesel price adjustments have lagged international prices and budgetary subsidies for the fuel have ballooned, it noted. Currently, oil companies incur a revenue loss of Rs 12.17 on every litre of diesel and Rs 439 on every LPG cylinder sold for domestic use. The total subsidy on diesel was Rs 56,732 crore, while on domestic LPG it was Rs 20,516 crore during the first three quarters of this financial year. For every litre of diesel sold by an oil marketing company, the government should give only a fixed subsidy of a certain number of rupees. This would prompt consumers to economise use, the survey stated.
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&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
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Diesel&amp;rsquo;s low prices are providing incentives for misuse, apart from resulting in shifts in use such as for luxury sports utility vehicles (SUVs), escalating imports in an energy-insecure country and increased pollution loads. Petrol prices were decontrolled on June 25, 2010 and it was said at the same time that diesel would also be decontrolled but that has not happened. The survey regretted that the price control had prompted private companies like Reliance to exit the fuel retail market.
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&lt;br /&gt;
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&amp;ldquo;Diesel prices need a large adjustment now (as China, for example, has recently undertaken), given subsidies, pollution and public health costs. Charging high road and vehicle taxes is another option (that Singapore uses),&amp;rdquo; the survey said in a chapter on &amp;lsquo;Sustainable Development and Climate Change&amp;rsquo;, included in this annual document for the first time.
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&lt;br /&gt;
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The survey also stated that the National Food Security Bill might entail some rise in the levels of subsidy, even as it corrects under-consumption by the poor. Among the main items of gross additional expenditure by the government in 2011-12 include Rs 30,000 crore on compensating oil marketing companies for under-recoveries on sale of petroleum products, Rs 13,779 crore for fertiliser subsidy and Rs 2,297 crore as food subsidy.
&lt;/div&gt;&#039;,
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-The Business Standard


&amp;nbsp;


Major subsidies extended by the government are likely to jump to Rs 1,34,411 crore during 2011-12





The Survey has warned of deteriorating fiscal health due to a mounting subsidy burden. The huge outgo over the past year has been...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div style=&quot;text-align: justify&quot;&gt;-The Business Standard&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;em&gt;Major subsidies extended by the government are likely to jump to Rs 1,34,411 crore during 2011-12&lt;/em&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The Survey has warned of deteriorating fiscal health due to a mounting subsidy burden. The huge outgo over the past year has been largely on account of the global rally in crude oil prices, the fertiliser subsidy and state-controlled foodgrain prices, it said. It also blamed &amp;lsquo;coalition politics and federal considerations&amp;rsquo; for holding up economic reforms on several fronts.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Major subsidies extended by the government are likely to jump to Rs 1,34,411 crore during 2011-12 as compared to the Rs 1,31,212 crore of 2010-11. The government had projected the subsidy to GDP ratio to remain at 1.5 per cent. It had crossed two per cent in 2008-09 and 2009-10.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;These high subsidy levels could take a toll on the government&amp;rsquo;s intent to lower the fiscal deficit, the survey said. &amp;ldquo;Besides, higher oil prices entail higher than budgeted subsidy outgo, with attendant implications for the levels of deficit,&amp;rdquo; it noted. The survey recommends a policy of not tinkering with market prices and on direct cash transfers to keep the subsidy burden under control.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;It also advocated a fixed subsidy on every litre of diesel sold, as an interim measure before the fuel price was decontrolled. In recent years, diesel price adjustments have lagged international prices and budgetary subsidies for the fuel have ballooned, it noted. Currently, oil companies incur a revenue loss of Rs 12.17 on every litre of diesel and Rs 439 on every LPG cylinder sold for domestic use. The total subsidy on diesel was Rs 56,732 crore, while on domestic LPG it was Rs 20,516 crore during the first three quarters of this financial year. For every litre of diesel sold by an oil marketing company, the government should give only a fixed subsidy of a certain number of rupees. This would prompt consumers to economise use, the survey stated.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Diesel&amp;rsquo;s low prices are providing incentives for misuse, apart from resulting in shifts in use such as for luxury sports utility vehicles (SUVs), escalating imports in an energy-insecure country and increased pollution loads. Petrol prices were decontrolled on June 25, 2010 and it was said at the same time that diesel would also be decontrolled but that has not happened. The survey regretted that the price control had prompted private companies like Reliance to exit the fuel retail market.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;ldquo;Diesel prices need a large adjustment now (as China, for example, has recently undertaken), given subsidies, pollution and public health costs. Charging high road and vehicle taxes is another option (that Singapore uses),&amp;rdquo; the survey said in a chapter on &amp;lsquo;Sustainable Development and Climate Change&amp;rsquo;, included in this annual document for the first time.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The survey also stated that the National Food Security Bill might entail some rise in the levels of subsidy, even as it corrects under-consumption by the poor. Among the main items of gross additional expenditure by the government in 2011-12 include Rs 30,000 crore on compensating oil marketing companies for under-recoveries on sale of petroleum products, Rs 13,779 crore for fertiliser subsidy and Rs 2,297 crore as food subsidy.&lt;/div&gt;&#039;,
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-The Business Standard
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&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;em&gt;Major subsidies extended by the government are likely to jump to Rs 1,34,411 crore during 2011-12&lt;/em&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
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&lt;div style=&quot;text-align: justify&quot;&gt;
The Survey has warned of deteriorating fiscal health due to a mounting subsidy burden. The huge outgo over the past year has been largely on account of the global rally in crude oil prices, the fertiliser subsidy and state-controlled foodgrain prices, it said. It also blamed &amp;lsquo;coalition politics and federal considerations&amp;rsquo; for holding up economic reforms on several fronts.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Major subsidies extended by the government are likely to jump to Rs 1,34,411 crore during 2011-12 as compared to the Rs 1,31,212 crore of 2010-11. The government had projected the subsidy to GDP ratio to remain at 1.5 per cent. It had crossed two per cent in 2008-09 and 2009-10.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
These high subsidy levels could take a toll on the government&amp;rsquo;s intent to lower the fiscal deficit, the survey said. &amp;ldquo;Besides, higher oil prices entail higher than budgeted subsidy outgo, with attendant implications for the levels of deficit,&amp;rdquo; it noted. The survey recommends a policy of not tinkering with market prices and on direct cash transfers to keep the subsidy burden under control.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
It also advocated a fixed subsidy on every litre of diesel sold, as an interim measure before the fuel price was decontrolled. In recent years, diesel price adjustments have lagged international prices and budgetary subsidies for the fuel have ballooned, it noted. Currently, oil companies incur a revenue loss of Rs 12.17 on every litre of diesel and Rs 439 on every LPG cylinder sold for domestic use. The total subsidy on diesel was Rs 56,732 crore, while on domestic LPG it was Rs 20,516 crore during the first three quarters of this financial year. For every litre of diesel sold by an oil marketing company, the government should give only a fixed subsidy of a certain number of rupees. This would prompt consumers to economise use, the survey stated.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Diesel&amp;rsquo;s low prices are providing incentives for misuse, apart from resulting in shifts in use such as for luxury sports utility vehicles (SUVs), escalating imports in an energy-insecure country and increased pollution loads. Petrol prices were decontrolled on June 25, 2010 and it was said at the same time that diesel would also be decontrolled but that has not happened. The survey regretted that the price control had prompted private companies like Reliance to exit the fuel retail market.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;ldquo;Diesel prices need a large adjustment now (as China, for example, has recently undertaken), given subsidies, pollution and public health costs. Charging high road and vehicle taxes is another option (that Singapore uses),&amp;rdquo; the survey said in a chapter on &amp;lsquo;Sustainable Development and Climate Change&amp;rsquo;, included in this annual document for the first time.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The survey also stated that the National Food Security Bill might entail some rise in the levels of subsidy, even as it corrects under-consumption by the poor. Among the main items of gross additional expenditure by the government in 2011-12 include Rs 30,000 crore on compensating oil marketing companies for under-recoveries on sale of petroleum products, Rs 13,779 crore for fertiliser subsidy and Rs 2,297 crore as food subsidy.
&lt;/div&gt;&#039;,
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-The Business Standard


&amp;nbsp;


Major subsidies extended by the government are likely to jump to Rs 1,34,411 crore during 2011-12





The Survey has warned of deteriorating fiscal health due to a mounting subsidy burden. The huge outgo over the past year has been...&#039;
$disp = &#039;&lt;div style=&quot;text-align: justify&quot;&gt;-The Business Standard&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;em&gt;Major subsidies extended by the government are likely to jump to Rs 1,34,411 crore during 2011-12&lt;/em&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The Survey has warned of deteriorating fiscal health due to a mounting subsidy burden. The huge outgo over the past year has been largely on account of the global rally in crude oil prices, the fertiliser subsidy and state-controlled foodgrain prices, it said. It also blamed &amp;lsquo;coalition politics and federal considerations&amp;rsquo; for holding up economic reforms on several fronts.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Major subsidies extended by the government are likely to jump to Rs 1,34,411 crore during 2011-12 as compared to the Rs 1,31,212 crore of 2010-11. The government had projected the subsidy to GDP ratio to remain at 1.5 per cent. It had crossed two per cent in 2008-09 and 2009-10.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;These high subsidy levels could take a toll on the government&amp;rsquo;s intent to lower the fiscal deficit, the survey said. &amp;ldquo;Besides, higher oil prices entail higher than budgeted subsidy outgo, with attendant implications for the levels of deficit,&amp;rdquo; it noted. The survey recommends a policy of not tinkering with market prices and on direct cash transfers to keep the subsidy burden under control.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;It also advocated a fixed subsidy on every litre of diesel sold, as an interim measure before the fuel price was decontrolled. In recent years, diesel price adjustments have lagged international prices and budgetary subsidies for the fuel have ballooned, it noted. Currently, oil companies incur a revenue loss of Rs 12.17 on every litre of diesel and Rs 439 on every LPG cylinder sold for domestic use. The total subsidy on diesel was Rs 56,732 crore, while on domestic LPG it was Rs 20,516 crore during the first three quarters of this financial year. For every litre of diesel sold by an oil marketing company, the government should give only a fixed subsidy of a certain number of rupees. This would prompt consumers to economise use, the survey stated.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Diesel&amp;rsquo;s low prices are providing incentives for misuse, apart from resulting in shifts in use such as for luxury sports utility vehicles (SUVs), escalating imports in an energy-insecure country and increased pollution loads. Petrol prices were decontrolled on June 25, 2010 and it was said at the same time that diesel would also be decontrolled but that has not happened. The survey regretted that the price control had prompted private companies like Reliance to exit the fuel retail market.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;ldquo;Diesel prices need a large adjustment now (as China, for example, has recently undertaken), given subsidies, pollution and public health costs. Charging high road and vehicle taxes is another option (that Singapore uses),&amp;rdquo; the survey said in a chapter on &amp;lsquo;Sustainable Development and Climate Change&amp;rsquo;, included in this annual document for the first time.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The survey also stated that the National Food Security Bill might entail some rise in the levels of subsidy, even as it corrects under-consumption by the poor. Among the main items of gross additional expenditure by the government in 2011-12 include Rs 30,000 crore on compensating oil marketing companies for under-recoveries on sale of petroleum products, Rs 13,779 crore for fertiliser subsidy and Rs 2,297 crore as food subsidy.&lt;/div&gt;&#039;
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-The Business Standard


&nbsp;


Major subsidies extended by the government are likely to jump to Rs 1,34,411 crore during 2011-12





The Survey has warned of deteriorating fiscal health due to a mounting subsidy burden. The huge outgo over the past year has been..."/>
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                <strong>Subsidies a concern, action on diesel prices required</strong></h1>
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                <div style="text-align: justify">-The Business Standard</div><div style="text-align: justify">&nbsp;</div><div style="text-align: justify"><em>Major subsidies extended by the government are likely to jump to Rs 1,34,411 crore during 2011-12</em></div><div style="text-align: justify"><br /></div><div style="text-align: justify">The Survey has warned of deteriorating fiscal health due to a mounting subsidy burden. The huge outgo over the past year has been largely on account of the global rally in crude oil prices, the fertiliser subsidy and state-controlled foodgrain prices, it said. It also blamed &lsquo;coalition politics and federal considerations&rsquo; for holding up economic reforms on several fronts.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Major subsidies extended by the government are likely to jump to Rs 1,34,411 crore during 2011-12 as compared to the Rs 1,31,212 crore of 2010-11. The government had projected the subsidy to GDP ratio to remain at 1.5 per cent. It had crossed two per cent in 2008-09 and 2009-10.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">These high subsidy levels could take a toll on the government&rsquo;s intent to lower the fiscal deficit, the survey said. &ldquo;Besides, higher oil prices entail higher than budgeted subsidy outgo, with attendant implications for the levels of deficit,&rdquo; it noted. The survey recommends a policy of not tinkering with market prices and on direct cash transfers to keep the subsidy burden under control.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">It also advocated a fixed subsidy on every litre of diesel sold, as an interim measure before the fuel price was decontrolled. In recent years, diesel price adjustments have lagged international prices and budgetary subsidies for the fuel have ballooned, it noted. Currently, oil companies incur a revenue loss of Rs 12.17 on every litre of diesel and Rs 439 on every LPG cylinder sold for domestic use. The total subsidy on diesel was Rs 56,732 crore, while on domestic LPG it was Rs 20,516 crore during the first three quarters of this financial year. For every litre of diesel sold by an oil marketing company, the government should give only a fixed subsidy of a certain number of rupees. This would prompt consumers to economise use, the survey stated.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Diesel&rsquo;s low prices are providing incentives for misuse, apart from resulting in shifts in use such as for luxury sports utility vehicles (SUVs), escalating imports in an energy-insecure country and increased pollution loads. Petrol prices were decontrolled on June 25, 2010 and it was said at the same time that diesel would also be decontrolled but that has not happened. The survey regretted that the price control had prompted private companies like Reliance to exit the fuel retail market.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&ldquo;Diesel prices need a large adjustment now (as China, for example, has recently undertaken), given subsidies, pollution and public health costs. Charging high road and vehicle taxes is another option (that Singapore uses),&rdquo; the survey said in a chapter on &lsquo;Sustainable Development and Climate Change&rsquo;, included in this annual document for the first time.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The survey also stated that the National Food Security Bill might entail some rise in the levels of subsidy, even as it corrects under-consumption by the poor. Among the main items of gross additional expenditure by the government in 2011-12 include Rs 30,000 crore on compensating oil marketing companies for under-recoveries on sale of petroleum products, Rs 13,779 crore for fertiliser subsidy and Rs 2,297 crore as food subsidy.</div>               </font>
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-The Business Standard
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<div style="text-align: justify">
&nbsp;
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<em>Major subsidies extended by the government are likely to jump to Rs 1,34,411 crore during 2011-12</em>
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The Survey has warned of deteriorating fiscal health due to a mounting subsidy burden. The huge outgo over the past year has been largely on account of the global rally in crude oil prices, the fertiliser subsidy and state-controlled foodgrain prices, it said. It also blamed &lsquo;coalition politics and federal considerations&rsquo; for holding up economic reforms on several fronts.
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These high subsidy levels could take a toll on the government&rsquo;s intent to lower the fiscal deficit, the survey said. &ldquo;Besides, higher oil prices entail higher than budgeted subsidy outgo, with attendant implications for the levels of deficit,&rdquo; it noted. The survey recommends a policy of not tinkering with market prices and on direct cash transfers to keep the subsidy burden under control.
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It also advocated a fixed subsidy on every litre of diesel sold, as an interim measure before the fuel price was decontrolled. In recent years, diesel price adjustments have lagged international prices and budgetary subsidies for the fuel have ballooned, it noted. Currently, oil companies incur a revenue loss of Rs 12.17 on every litre of diesel and Rs 439 on every LPG cylinder sold for domestic use. The total subsidy on diesel was Rs 56,732 crore, while on domestic LPG it was Rs 20,516 crore during the first three quarters of this financial year. For every litre of diesel sold by an oil marketing company, the government should give only a fixed subsidy of a certain number of rupees. This would prompt consumers to economise use, the survey stated.
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<br />
</div>
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Diesel&rsquo;s low prices are providing incentives for misuse, apart from resulting in shifts in use such as for luxury sports utility vehicles (SUVs), escalating imports in an energy-insecure country and increased pollution loads. Petrol prices were decontrolled on June 25, 2010 and it was said at the same time that diesel would also be decontrolled but that has not happened. The survey regretted that the price control had prompted private companies like Reliance to exit the fuel retail market.
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&ldquo;Diesel prices need a large adjustment now (as China, for example, has recently undertaken), given subsidies, pollution and public health costs. Charging high road and vehicle taxes is another option (that Singapore uses),&rdquo; the survey said in a chapter on &lsquo;Sustainable Development and Climate Change&rsquo;, included in this annual document for the first time.
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The survey also stated that the National Food Security Bill might entail some rise in the levels of subsidy, even as it corrects under-consumption by the poor. Among the main items of gross additional expenditure by the government in 2011-12 include Rs 30,000 crore on compensating oil marketing companies for under-recoveries on sale of petroleum products, Rs 13,779 crore for fertiliser subsidy and Rs 2,297 crore as food subsidy.
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-The Business Standard


&nbsp;


Major subsidies extended by the government are likely to jump to Rs 1,34,411 crore during 2011-12





The Survey has warned of deteriorating fiscal health due to a mounting subsidy burden. The huge outgo over the past year has been...',
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-The Business Standard
</div>
<div style="text-align: justify">
&nbsp;
</div>
<div style="text-align: justify">
<em>Major subsidies extended by the government are likely to jump to Rs 1,34,411 crore during 2011-12</em>
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
The Survey has warned of deteriorating fiscal health due to a mounting subsidy burden. The huge outgo over the past year has been largely on account of the global rally in crude oil prices, the fertiliser subsidy and state-controlled foodgrain prices, it said. It also blamed &lsquo;coalition politics and federal considerations&rsquo; for holding up economic reforms on several fronts.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
Major subsidies extended by the government are likely to jump to Rs 1,34,411 crore during 2011-12 as compared to the Rs 1,31,212 crore of 2010-11. The government had projected the subsidy to GDP ratio to remain at 1.5 per cent. It had crossed two per cent in 2008-09 and 2009-10.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
These high subsidy levels could take a toll on the government&rsquo;s intent to lower the fiscal deficit, the survey said. &ldquo;Besides, higher oil prices entail higher than budgeted subsidy outgo, with attendant implications for the levels of deficit,&rdquo; it noted. The survey recommends a policy of not tinkering with market prices and on direct cash transfers to keep the subsidy burden under control.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
It also advocated a fixed subsidy on every litre of diesel sold, as an interim measure before the fuel price was decontrolled. In recent years, diesel price adjustments have lagged international prices and budgetary subsidies for the fuel have ballooned, it noted. Currently, oil companies incur a revenue loss of Rs 12.17 on every litre of diesel and Rs 439 on every LPG cylinder sold for domestic use. The total subsidy on diesel was Rs 56,732 crore, while on domestic LPG it was Rs 20,516 crore during the first three quarters of this financial year. For every litre of diesel sold by an oil marketing company, the government should give only a fixed subsidy of a certain number of rupees. This would prompt consumers to economise use, the survey stated.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
Diesel&rsquo;s low prices are providing incentives for misuse, apart from resulting in shifts in use such as for luxury sports utility vehicles (SUVs), escalating imports in an energy-insecure country and increased pollution loads. Petrol prices were decontrolled on June 25, 2010 and it was said at the same time that diesel would also be decontrolled but that has not happened. The survey regretted that the price control had prompted private companies like Reliance to exit the fuel retail market.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
&ldquo;Diesel prices need a large adjustment now (as China, for example, has recently undertaken), given subsidies, pollution and public health costs. Charging high road and vehicle taxes is another option (that Singapore uses),&rdquo; the survey said in a chapter on &lsquo;Sustainable Development and Climate Change&rsquo;, included in this annual document for the first time.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
The survey also stated that the National Food Security Bill might entail some rise in the levels of subsidy, even as it corrects under-consumption by the poor. Among the main items of gross additional expenditure by the government in 2011-12 include Rs 30,000 crore on compensating oil marketing companies for under-recoveries on sale of petroleum products, Rs 13,779 crore for fertiliser subsidy and Rs 2,297 crore as food subsidy.
</div>',
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-The Business Standard


&nbsp;


Major subsidies extended by the government are likely to jump to Rs 1,34,411 crore during 2011-12





The Survey has warned of deteriorating fiscal health due to a mounting subsidy burden. The huge outgo over the past year has been...'
$disp = '<div style="text-align: justify">-The Business Standard</div><div style="text-align: justify">&nbsp;</div><div style="text-align: justify"><em>Major subsidies extended by the government are likely to jump to Rs 1,34,411 crore during 2011-12</em></div><div style="text-align: justify"><br /></div><div style="text-align: justify">The Survey has warned of deteriorating fiscal health due to a mounting subsidy burden. The huge outgo over the past year has been largely on account of the global rally in crude oil prices, the fertiliser subsidy and state-controlled foodgrain prices, it said. It also blamed &lsquo;coalition politics and federal considerations&rsquo; for holding up economic reforms on several fronts.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Major subsidies extended by the government are likely to jump to Rs 1,34,411 crore during 2011-12 as compared to the Rs 1,31,212 crore of 2010-11. The government had projected the subsidy to GDP ratio to remain at 1.5 per cent. It had crossed two per cent in 2008-09 and 2009-10.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">These high subsidy levels could take a toll on the government&rsquo;s intent to lower the fiscal deficit, the survey said. &ldquo;Besides, higher oil prices entail higher than budgeted subsidy outgo, with attendant implications for the levels of deficit,&rdquo; it noted. The survey recommends a policy of not tinkering with market prices and on direct cash transfers to keep the subsidy burden under control.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">It also advocated a fixed subsidy on every litre of diesel sold, as an interim measure before the fuel price was decontrolled. In recent years, diesel price adjustments have lagged international prices and budgetary subsidies for the fuel have ballooned, it noted. Currently, oil companies incur a revenue loss of Rs 12.17 on every litre of diesel and Rs 439 on every LPG cylinder sold for domestic use. The total subsidy on diesel was Rs 56,732 crore, while on domestic LPG it was Rs 20,516 crore during the first three quarters of this financial year. For every litre of diesel sold by an oil marketing company, the government should give only a fixed subsidy of a certain number of rupees. This would prompt consumers to economise use, the survey stated.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Diesel&rsquo;s low prices are providing incentives for misuse, apart from resulting in shifts in use such as for luxury sports utility vehicles (SUVs), escalating imports in an energy-insecure country and increased pollution loads. Petrol prices were decontrolled on June 25, 2010 and it was said at the same time that diesel would also be decontrolled but that has not happened. The survey regretted that the price control had prompted private companies like Reliance to exit the fuel retail market.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&ldquo;Diesel prices need a large adjustment now (as China, for example, has recently undertaken), given subsidies, pollution and public health costs. Charging high road and vehicle taxes is another option (that Singapore uses),&rdquo; the survey said in a chapter on &lsquo;Sustainable Development and Climate Change&rsquo;, included in this annual document for the first time.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The survey also stated that the National Food Security Bill might entail some rise in the levels of subsidy, even as it corrects under-consumption by the poor. Among the main items of gross additional expenditure by the government in 2011-12 include Rs 30,000 crore on compensating oil marketing companies for under-recoveries on sale of petroleum products, Rs 13,779 crore for fertiliser subsidy and Rs 2,297 crore as food subsidy.</div>'
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Subsidies a concern, action on diesel prices required

-The Business Standard   Major subsidies extended by the government are likely to jump to Rs 1,34,411 crore during 2011-12 The Survey has warned of deteriorating fiscal health due to a mounting subsidy burden. The huge outgo over the past year has been largely on account of the global rally in crude oil prices, the fertiliser subsidy and state-controlled foodgrain prices, it said. It also blamed ‘coalition politics and federal considerations’ for holding up economic reforms on several fronts. Major subsidies extended by the government are likely to jump to Rs 1,34,411 crore during 2011-12 as compared to the Rs 1,31,212 crore of 2010-11. The government had projected the subsidy to GDP ratio to remain at 1.5 per cent. It had crossed two per cent in 2008-09 and 2009-10. These high subsidy levels could take a toll on the government’s intent to lower the fiscal deficit, the survey said. “Besides, higher oil prices entail higher than budgeted subsidy outgo, with attendant implications for the levels of deficit,” it noted. The survey recommends a policy of not tinkering with market prices and on direct cash transfers to keep the subsidy burden under control. It also advocated a fixed subsidy on every litre of diesel sold, as an interim measure before the fuel price was decontrolled. In recent years, diesel price adjustments have lagged international prices and budgetary subsidies for the fuel have ballooned, it noted. Currently, oil companies incur a revenue loss of Rs 12.17 on every litre of diesel and Rs 439 on every LPG cylinder sold for domestic use. The total subsidy on diesel was Rs 56,732 crore, while on domestic LPG it was Rs 20,516 crore during the first three quarters of this financial year. For every litre of diesel sold by an oil marketing company, the government should give only a fixed subsidy of a certain number of rupees. This would prompt consumers to economise use, the survey stated. Diesel’s low prices are providing incentives for misuse, apart from resulting in shifts in use such as for luxury sports utility vehicles (SUVs), escalating imports in an energy-insecure country and increased pollution loads. Petrol prices were decontrolled on June 25, 2010 and it was said at the same time that diesel would also be decontrolled but that has not happened. The survey regretted that the price control had prompted private companies like Reliance to exit the fuel retail market. “Diesel prices need a large adjustment now (as China, for example, has recently undertaken), given subsidies, pollution and public health costs. Charging high road and vehicle taxes is another option (that Singapore uses),” the survey said in a chapter on ‘Sustainable Development and Climate Change’, included in this annual document for the first time. The survey also stated that the National Food Security Bill might entail some rise in the levels of subsidy, even as it corrects under-consumption by the poor. Among the main items of gross additional expenditure by the government in 2011-12 include Rs 30,000 crore on compensating oil marketing companies for under-recoveries on sale of petroleum products, Rs 13,779 crore for fertiliser subsidy and Rs 2,297 crore as food subsidy.