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);

    }
$message = '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.'
$stackFrame = (int) 1
$trace = [
	(int) 0 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ServerRequest.php',
		'line' => (int) 2421,
		'function' => 'deprecationWarning',
		'args' => [
			(int) 0 => 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead.'
		]
	],
	(int) 1 => [
		'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php',
		'line' => (int) 73,
		'function' => 'offsetGet',
		'class' => 'Cake\Http\ServerRequest',
		'object' => object(Cake\Http\ServerRequest) {},
		'type' => '->',
		'args' => [
			(int) 0 => 'catslug'
		]
	],
	(int) 2 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Controller/Controller.php',
		'line' => (int) 610,
		'function' => 'printArticle',
		'class' => 'App\Controller\ArtileDetailController',
		'object' => object(App\Controller\ArtileDetailController) {},
		'type' => '->',
		'args' => []
	],
	(int) 3 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php',
		'line' => (int) 120,
		'function' => 'invokeAction',
		'class' => 'Cake\Controller\Controller',
		'object' => object(App\Controller\ArtileDetailController) {},
		'type' => '->',
		'args' => []
	],
	(int) 4 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php',
		'line' => (int) 94,
		'function' => '_invoke',
		'class' => 'Cake\Http\ActionDispatcher',
		'object' => object(Cake\Http\ActionDispatcher) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(App\Controller\ArtileDetailController) {}
		]
	],
	(int) 5 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/BaseApplication.php',
		'line' => (int) 235,
		'function' => 'dispatch',
		'class' => 'Cake\Http\ActionDispatcher',
		'object' => object(Cake\Http\ActionDispatcher) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 6 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Http\BaseApplication',
		'object' => object(App\Application) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 7 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/RoutingMiddleware.php',
		'line' => (int) 162,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 8 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Routing\Middleware\RoutingMiddleware',
		'object' => object(Cake\Routing\Middleware\RoutingMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 9 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/AssetMiddleware.php',
		'line' => (int) 88,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 10 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Routing\Middleware\AssetMiddleware',
		'object' => object(Cake\Routing\Middleware\AssetMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 11 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Middleware/ErrorHandlerMiddleware.php',
		'line' => (int) 96,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 12 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Error\Middleware\ErrorHandlerMiddleware',
		'object' => object(Cake\Error\Middleware\ErrorHandlerMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 13 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 51,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 14 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Server.php',
		'line' => (int) 98,
		'function' => 'run',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\MiddlewareQueue) {},
			(int) 1 => object(Cake\Http\ServerRequest) {},
			(int) 2 => object(Cake\Http\Response) {}
		]
	],
	(int) 15 => [
		'file' => '/home/brlfuser/public_html/webroot/index.php',
		'line' => (int) 39,
		'function' => 'run',
		'class' => 'Cake\Http\Server',
		'object' => object(Cake\Http\Server) {},
		'type' => '->',
		'args' => []
	]
]
$frame = [
	'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php',
	'line' => (int) 73,
	'function' => 'offsetGet',
	'class' => 'Cake\Http\ServerRequest',
	'object' => object(Cake\Http\ServerRequest) {
		trustProxy => false
		[protected] params => [
			[maximum depth reached]
		]
		[protected] data => [[maximum depth reached]]
		[protected] query => [[maximum depth reached]]
		[protected] cookies => [
			[maximum depth reached]
		]
		[protected] _environment => [
			[maximum depth reached]
		]
		[protected] url => 'latest-news-updates/subsidies-plug-subsidy-leaks-to-help-fiscal-consolidation-4678691/print'
		[protected] base => ''
		[protected] webroot => '/'
		[protected] here => '/latest-news-updates/subsidies-plug-subsidy-leaks-to-help-fiscal-consolidation-4678691/print'
		[protected] trustedProxies => [[maximum depth reached]]
		[protected] _input => null
		[protected] _detectors => [
			[maximum depth reached]
		]
		[protected] _detectorCache => [
			[maximum depth reached]
		]
		[protected] stream => object(Zend\Diactoros\PhpInputStream) {}
		[protected] uri => object(Zend\Diactoros\Uri) {}
		[protected] session => object(Cake\Http\Session) {}
		[protected] attributes => [[maximum depth reached]]
		[protected] emulatedAttributes => [
			[maximum depth reached]
		]
		[protected] uploadedFiles => [[maximum depth reached]]
		[protected] protocol => null
		[protected] requestTarget => null
		[private] deprecatedProperties => [
			[maximum depth reached]
		]
	},
	'type' => '->',
	'args' => [
		(int) 0 => 'catslug'
	]
]
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
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

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);

    }
$message = '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.'
$stackFrame = (int) 1
$trace = [
	(int) 0 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ServerRequest.php',
		'line' => (int) 2421,
		'function' => 'deprecationWarning',
		'args' => [
			(int) 0 => 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead.'
		]
	],
	(int) 1 => [
		'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php',
		'line' => (int) 74,
		'function' => 'offsetGet',
		'class' => 'Cake\Http\ServerRequest',
		'object' => object(Cake\Http\ServerRequest) {},
		'type' => '->',
		'args' => [
			(int) 0 => 'artileslug'
		]
	],
	(int) 2 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Controller/Controller.php',
		'line' => (int) 610,
		'function' => 'printArticle',
		'class' => 'App\Controller\ArtileDetailController',
		'object' => object(App\Controller\ArtileDetailController) {},
		'type' => '->',
		'args' => []
	],
	(int) 3 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php',
		'line' => (int) 120,
		'function' => 'invokeAction',
		'class' => 'Cake\Controller\Controller',
		'object' => object(App\Controller\ArtileDetailController) {},
		'type' => '->',
		'args' => []
	],
	(int) 4 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php',
		'line' => (int) 94,
		'function' => '_invoke',
		'class' => 'Cake\Http\ActionDispatcher',
		'object' => object(Cake\Http\ActionDispatcher) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(App\Controller\ArtileDetailController) {}
		]
	],
	(int) 5 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/BaseApplication.php',
		'line' => (int) 235,
		'function' => 'dispatch',
		'class' => 'Cake\Http\ActionDispatcher',
		'object' => object(Cake\Http\ActionDispatcher) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 6 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Http\BaseApplication',
		'object' => object(App\Application) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 7 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/RoutingMiddleware.php',
		'line' => (int) 162,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 8 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Routing\Middleware\RoutingMiddleware',
		'object' => object(Cake\Routing\Middleware\RoutingMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 9 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/AssetMiddleware.php',
		'line' => (int) 88,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 10 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Routing\Middleware\AssetMiddleware',
		'object' => object(Cake\Routing\Middleware\AssetMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 11 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Middleware/ErrorHandlerMiddleware.php',
		'line' => (int) 96,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 12 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Error\Middleware\ErrorHandlerMiddleware',
		'object' => object(Cake\Error\Middleware\ErrorHandlerMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 13 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 51,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 14 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Server.php',
		'line' => (int) 98,
		'function' => 'run',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\MiddlewareQueue) {},
			(int) 1 => object(Cake\Http\ServerRequest) {},
			(int) 2 => object(Cake\Http\Response) {}
		]
	],
	(int) 15 => [
		'file' => '/home/brlfuser/public_html/webroot/index.php',
		'line' => (int) 39,
		'function' => 'run',
		'class' => 'Cake\Http\Server',
		'object' => object(Cake\Http\Server) {},
		'type' => '->',
		'args' => []
	]
]
$frame = [
	'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php',
	'line' => (int) 74,
	'function' => 'offsetGet',
	'class' => 'Cake\Http\ServerRequest',
	'object' => object(Cake\Http\ServerRequest) {
		trustProxy => false
		[protected] params => [
			[maximum depth reached]
		]
		[protected] data => [[maximum depth reached]]
		[protected] query => [[maximum depth reached]]
		[protected] cookies => [
			[maximum depth reached]
		]
		[protected] _environment => [
			[maximum depth reached]
		]
		[protected] url => 'latest-news-updates/subsidies-plug-subsidy-leaks-to-help-fiscal-consolidation-4678691/print'
		[protected] base => ''
		[protected] webroot => '/'
		[protected] here => '/latest-news-updates/subsidies-plug-subsidy-leaks-to-help-fiscal-consolidation-4678691/print'
		[protected] trustedProxies => [[maximum depth reached]]
		[protected] _input => null
		[protected] _detectors => [
			[maximum depth reached]
		]
		[protected] _detectorCache => [
			[maximum depth reached]
		]
		[protected] stream => object(Zend\Diactoros\PhpInputStream) {}
		[protected] uri => object(Zend\Diactoros\Uri) {}
		[protected] session => object(Cake\Http\Session) {}
		[protected] attributes => [[maximum depth reached]]
		[protected] emulatedAttributes => [
			[maximum depth reached]
		]
		[protected] uploadedFiles => [[maximum depth reached]]
		[protected] protocol => null
		[protected] requestTarget => null
		[private] deprecatedProperties => [
			[maximum depth reached]
		]
	},
	'type' => '->',
	'args' => [
		(int) 0 => 'artileslug'
	]
]
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')) {

                trigger_error($message, E_USER_WARNING);

            } else {
$response = object(Cake\Http\Response) {

	'status' => (int) 200,
	'contentType' => 'text/html',
	'headers' => [
		'Content-Type' => [
			[maximum depth reached]
		]
	],
	'file' => null,
	'fileRange' => [],
	'cookies' => object(Cake\Http\Cookie\CookieCollection) {},
	'cacheDirectives' => [],
	'body' => '<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN"
        "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd">
<html xmlns="http://www.w3.org/1999/xhtml">
<head>
    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f09d8b43d58-trace').style.display = (document.getElementById('cakeErr67f09d8b43d58-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="cakeErr67f09d8b43d58-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f09d8b43d58-code').style.display = (document.getElementById('cakeErr67f09d8b43d58-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f09d8b43d58-context').style.display = (document.getElementById('cakeErr67f09d8b43d58-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67f09d8b43d58-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;
</span></span></code>
<span class="code-highlight"><code><span style="color: #000000">&nbsp;&nbsp;&nbsp;&nbsp;&lt;link&nbsp;rel="canonical"&nbsp;href="<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">);&nbsp;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">category</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">slug</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>/<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">seo_url</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>.html"/&gt;
</span></code></span>
<code><span style="color: #000000"><span style="color: #0000BB">&nbsp;&nbsp;&nbsp;&nbsp;</span><span style="color: #007700">&lt;</span><span style="color: #0000BB">meta&nbsp;http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type"&nbsp;</span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html;&nbsp;charset=utf-8"</span><span style="color: #007700">/&gt;
</span></span></code></pre><pre id="cakeErr67f09d8b43d58-context" class="cake-context" style="display: none;">$viewFile = &#039;/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp&#039;
$dataForView = [
	&#039;article_current&#039; =&gt; object(App\Model\Entity\Article) {

		&#039;id&#039; =&gt; (int) 30628,
		&#039;title&#039; =&gt; &#039;Subsidies: Plug subsidy leaks to help fiscal consolidation&#039;,
		&#039;subheading&#039; =&gt; &#039;&#039;,
		&#039;description&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;
-Business Standard&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;Conventional subsidy bill of Rs 2.44 lakh crore, or 1.7 per cent of GDP, in 2015-16&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
If lower tax rate is equivalent to subsidising, the National Democratic Alliance government is clearly targeting the &#039;well-off&#039; segment of the population. Unlike the previous years, the Economic Survey 2015-16 has dealt with the issue of subsidy by giving only a box on petroleum subsidies, while devoting a chapter with nine-and-a-half pages to &#039;Bounties for the Well-Off&#039;.&lt;br /&gt;
&lt;br /&gt;
&amp;quot;The Rs 1 lakh crore of subsidy going to the better-off merely on account of six commodities - kerosene, railways, electricity, LPG (liquid petroleum gas), gold and ATF (aviation turbine fuel) - plus the small savings schemes represent a substantial leakage from the government&#039;s kitty and an opportunity foregone to help the truly deserving,&amp;quot; notes the Survey.&lt;br /&gt;
&lt;br /&gt;
The conventional subsidy bill - which includes fertiliser, food and petroleum subsidy - would be Rs 2.44 lakh crore or 1.7 per cent of GDP in 2015-16. &amp;quot;The rationalisation and re-priortisation of subsidies through better targeting would play a vital role in fiscal consolidation and in targeting expenditure towards inclusive development,&amp;quot; says the Survey.&lt;br /&gt;
&lt;br /&gt;
Deregulation of petrol and diesel prices and direct benefit transfer of subsidy to domestic LPG customers, along with the decline in global crude oil prices, helped in containing petroleum subsidy bill at Rs 30,000 crore, compared with Rs 57,769 crore in 2014-15.&lt;br /&gt;
&lt;br /&gt;
Total subsidy bill as a proportion of GDP has been declining since 2012-13 and is expected to be below two per cent of GDP.&lt;br /&gt;
&lt;br /&gt;
For the better-off, the Survey has gone into the details of Public Provident Fund (PPF) scheme and tax-free bonds. While stating that both of these were not actually small saving schemes, it has spelt out the implicit subsidy in PPF at Rs 11,900 crore while that on tax-free bonds at Rs 111 crore. &amp;quot;India should move, in a phased manner, to the EET (exempt, exempt, tax) method of taxation on savings,&amp;quot; the Survey suggests.&lt;br /&gt;
&lt;br /&gt;
In other bounties category, the Survey interestingly takes note of the low tax on gold. It says gold is only taxed at about 1-1.6 per cent, compared with tax of about 26 per cent for normal goods. &amp;quot;There is a huge subsidy of 25 percentage points on gold. About 98 per cent of this subsidy accrues to the better-off.&amp;quot;&lt;br /&gt;
&lt;br /&gt;
Similarly, for electricity, the Survey says given the magnitude of relative power consumption (84 per cent) of the better-off in the total consumption, they appropriate a substantial amount of total subsidy. Among the six commodities, the highest implicit subsidy for the better-off section comes from LPG at Rs 40,151 crore.
&lt;/div&gt;&#039;,
		&#039;credit_writer&#039; =&gt; &#039;Business Standard, 27 February, 2016, http://www.business-standard.com/budget/article/subsidies-plug-subsidy-leaks-to-help-fiscal-consolidation-116022700024_1.html&#039;,
		&#039;article_img&#039; =&gt; &#039;&#039;,
		&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
		&#039;status&#039; =&gt; (int) 1,
		&#039;show_on_home&#039; =&gt; (int) 1,
		&#039;lang&#039; =&gt; &#039;EN&#039;,
		&#039;category_id&#039; =&gt; (int) 16,
		&#039;tag_keyword&#039; =&gt; &#039;&#039;,
		&#039;seo_url&#039; =&gt; &#039;subsidies-plug-subsidy-leaks-to-help-fiscal-consolidation-4678691&#039;,
		&#039;meta_title&#039; =&gt; null,
		&#039;meta_keywords&#039; =&gt; null,
		&#039;meta_description&#039; =&gt; null,
		&#039;noindex&#039; =&gt; (int) 0,
		&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
		&#039;most_visit_section_id&#039; =&gt; null,
		&#039;article_big_img&#039; =&gt; null,
		&#039;liveid&#039; =&gt; (int) 4678691,
		&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;edate&#039; =&gt; &#039;&#039;,
		&#039;tags&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
		&#039;[new]&#039; =&gt; false,
		&#039;[accessible]&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;[dirty]&#039; =&gt; [[maximum depth reached]],
		&#039;[original]&#039; =&gt; [[maximum depth reached]],
		&#039;[virtual]&#039; =&gt; [[maximum depth reached]],
		&#039;[hasErrors]&#039; =&gt; false,
		&#039;[errors]&#039; =&gt; [[maximum depth reached]],
		&#039;[invalid]&#039; =&gt; [[maximum depth reached]],
		&#039;[repository]&#039; =&gt; &#039;Articles&#039;
	
	},
	&#039;articleid&#039; =&gt; (int) 30628,
	&#039;metaTitle&#039; =&gt; &#039;LATEST NEWS UPDATES | Subsidies: Plug subsidy leaks to help fiscal consolidation&#039;,
	&#039;metaKeywords&#039; =&gt; &#039;Fertilizer Subsidy,Food Subsidy,LPG Subsidy,subsidies,Union Budget,Economic Survey 2015-16&#039;,
	&#039;metaDesc&#039; =&gt; &#039;
-Business Standard

Conventional subsidy bill of Rs 2.44 lakh crore, or 1.7 per cent of GDP, in 2015-16

If lower tax rate is equivalent to subsidising, the National Democratic Alliance government is clearly targeting the &#039;well-off&#039; segment of the population. Unlike the...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;-Business Standard&lt;br /&gt;&lt;br /&gt;&lt;em&gt;Conventional subsidy bill of Rs 2.44 lakh crore, or 1.7 per cent of GDP, in 2015-16&lt;br /&gt;&lt;/em&gt;&lt;br /&gt;If lower tax rate is equivalent to subsidising, the National Democratic Alliance government is clearly targeting the &#039;well-off&#039; segment of the population. Unlike the previous years, the Economic Survey 2015-16 has dealt with the issue of subsidy by giving only a box on petroleum subsidies, while devoting a chapter with nine-and-a-half pages to &#039;Bounties for the Well-Off&#039;.&lt;br /&gt;&lt;br /&gt;&amp;quot;The Rs 1 lakh crore of subsidy going to the better-off merely on account of six commodities - kerosene, railways, electricity, LPG (liquid petroleum gas), gold and ATF (aviation turbine fuel) - plus the small savings schemes represent a substantial leakage from the government&#039;s kitty and an opportunity foregone to help the truly deserving,&amp;quot; notes the Survey.&lt;br /&gt;&lt;br /&gt;The conventional subsidy bill - which includes fertiliser, food and petroleum subsidy - would be Rs 2.44 lakh crore or 1.7 per cent of GDP in 2015-16. &amp;quot;The rationalisation and re-priortisation of subsidies through better targeting would play a vital role in fiscal consolidation and in targeting expenditure towards inclusive development,&amp;quot; says the Survey.&lt;br /&gt;&lt;br /&gt;Deregulation of petrol and diesel prices and direct benefit transfer of subsidy to domestic LPG customers, along with the decline in global crude oil prices, helped in containing petroleum subsidy bill at Rs 30,000 crore, compared with Rs 57,769 crore in 2014-15.&lt;br /&gt;&lt;br /&gt;Total subsidy bill as a proportion of GDP has been declining since 2012-13 and is expected to be below two per cent of GDP.&lt;br /&gt;&lt;br /&gt;For the better-off, the Survey has gone into the details of Public Provident Fund (PPF) scheme and tax-free bonds. While stating that both of these were not actually small saving schemes, it has spelt out the implicit subsidy in PPF at Rs 11,900 crore while that on tax-free bonds at Rs 111 crore. &amp;quot;India should move, in a phased manner, to the EET (exempt, exempt, tax) method of taxation on savings,&amp;quot; the Survey suggests.&lt;br /&gt;&lt;br /&gt;In other bounties category, the Survey interestingly takes note of the low tax on gold. It says gold is only taxed at about 1-1.6 per cent, compared with tax of about 26 per cent for normal goods. &amp;quot;There is a huge subsidy of 25 percentage points on gold. About 98 per cent of this subsidy accrues to the better-off.&amp;quot;&lt;br /&gt;&lt;br /&gt;Similarly, for electricity, the Survey says given the magnitude of relative power consumption (84 per cent) of the better-off in the total consumption, they appropriate a substantial amount of total subsidy. Among the six commodities, the highest implicit subsidy for the better-off section comes from LPG at Rs 40,151 crore.&lt;/div&gt;&#039;,
	&#039;lang&#039; =&gt; &#039;English&#039;,
	&#039;SITE_URL&#039; =&gt; &#039;https://im4change.in/&#039;,
	&#039;site_title&#039; =&gt; &#039;im4change&#039;,
	&#039;adminprix&#039; =&gt; &#039;admin&#039;
]
$article_current = object(App\Model\Entity\Article) {

	&#039;id&#039; =&gt; (int) 30628,
	&#039;title&#039; =&gt; &#039;Subsidies: Plug subsidy leaks to help fiscal consolidation&#039;,
	&#039;subheading&#039; =&gt; &#039;&#039;,
	&#039;description&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;
-Business Standard&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;Conventional subsidy bill of Rs 2.44 lakh crore, or 1.7 per cent of GDP, in 2015-16&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
If lower tax rate is equivalent to subsidising, the National Democratic Alliance government is clearly targeting the &#039;well-off&#039; segment of the population. Unlike the previous years, the Economic Survey 2015-16 has dealt with the issue of subsidy by giving only a box on petroleum subsidies, while devoting a chapter with nine-and-a-half pages to &#039;Bounties for the Well-Off&#039;.&lt;br /&gt;
&lt;br /&gt;
&amp;quot;The Rs 1 lakh crore of subsidy going to the better-off merely on account of six commodities - kerosene, railways, electricity, LPG (liquid petroleum gas), gold and ATF (aviation turbine fuel) - plus the small savings schemes represent a substantial leakage from the government&#039;s kitty and an opportunity foregone to help the truly deserving,&amp;quot; notes the Survey.&lt;br /&gt;
&lt;br /&gt;
The conventional subsidy bill - which includes fertiliser, food and petroleum subsidy - would be Rs 2.44 lakh crore or 1.7 per cent of GDP in 2015-16. &amp;quot;The rationalisation and re-priortisation of subsidies through better targeting would play a vital role in fiscal consolidation and in targeting expenditure towards inclusive development,&amp;quot; says the Survey.&lt;br /&gt;
&lt;br /&gt;
Deregulation of petrol and diesel prices and direct benefit transfer of subsidy to domestic LPG customers, along with the decline in global crude oil prices, helped in containing petroleum subsidy bill at Rs 30,000 crore, compared with Rs 57,769 crore in 2014-15.&lt;br /&gt;
&lt;br /&gt;
Total subsidy bill as a proportion of GDP has been declining since 2012-13 and is expected to be below two per cent of GDP.&lt;br /&gt;
&lt;br /&gt;
For the better-off, the Survey has gone into the details of Public Provident Fund (PPF) scheme and tax-free bonds. While stating that both of these were not actually small saving schemes, it has spelt out the implicit subsidy in PPF at Rs 11,900 crore while that on tax-free bonds at Rs 111 crore. &amp;quot;India should move, in a phased manner, to the EET (exempt, exempt, tax) method of taxation on savings,&amp;quot; the Survey suggests.&lt;br /&gt;
&lt;br /&gt;
In other bounties category, the Survey interestingly takes note of the low tax on gold. It says gold is only taxed at about 1-1.6 per cent, compared with tax of about 26 per cent for normal goods. &amp;quot;There is a huge subsidy of 25 percentage points on gold. About 98 per cent of this subsidy accrues to the better-off.&amp;quot;&lt;br /&gt;
&lt;br /&gt;
Similarly, for electricity, the Survey says given the magnitude of relative power consumption (84 per cent) of the better-off in the total consumption, they appropriate a substantial amount of total subsidy. Among the six commodities, the highest implicit subsidy for the better-off section comes from LPG at Rs 40,151 crore.
&lt;/div&gt;&#039;,
	&#039;credit_writer&#039; =&gt; &#039;Business Standard, 27 February, 2016, http://www.business-standard.com/budget/article/subsidies-plug-subsidy-leaks-to-help-fiscal-consolidation-116022700024_1.html&#039;,
	&#039;article_img&#039; =&gt; &#039;&#039;,
	&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
	&#039;status&#039; =&gt; (int) 1,
	&#039;show_on_home&#039; =&gt; (int) 1,
	&#039;lang&#039; =&gt; &#039;EN&#039;,
	&#039;category_id&#039; =&gt; (int) 16,
	&#039;tag_keyword&#039; =&gt; &#039;&#039;,
	&#039;seo_url&#039; =&gt; &#039;subsidies-plug-subsidy-leaks-to-help-fiscal-consolidation-4678691&#039;,
	&#039;meta_title&#039; =&gt; null,
	&#039;meta_keywords&#039; =&gt; null,
	&#039;meta_description&#039; =&gt; null,
	&#039;noindex&#039; =&gt; (int) 0,
	&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
	&#039;most_visit_section_id&#039; =&gt; null,
	&#039;article_big_img&#039; =&gt; null,
	&#039;liveid&#039; =&gt; (int) 4678691,
	&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;edate&#039; =&gt; &#039;&#039;,
	&#039;tags&#039; =&gt; [
		(int) 0 =&gt; object(Cake\ORM\Entity) {},
		(int) 1 =&gt; object(Cake\ORM\Entity) {},
		(int) 2 =&gt; object(Cake\ORM\Entity) {},
		(int) 3 =&gt; object(Cake\ORM\Entity) {},
		(int) 4 =&gt; object(Cake\ORM\Entity) {},
		(int) 5 =&gt; object(Cake\ORM\Entity) {}
	],
	&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
	&#039;[new]&#039; =&gt; false,
	&#039;[accessible]&#039; =&gt; [
		&#039;*&#039; =&gt; true,
		&#039;id&#039; =&gt; false
	],
	&#039;[dirty]&#039; =&gt; [],
	&#039;[original]&#039; =&gt; [],
	&#039;[virtual]&#039; =&gt; [],
	&#039;[hasErrors]&#039; =&gt; false,
	&#039;[errors]&#039; =&gt; [],
	&#039;[invalid]&#039; =&gt; [],
	&#039;[repository]&#039; =&gt; &#039;Articles&#039;

}
$articleid = (int) 30628
$metaTitle = &#039;LATEST NEWS UPDATES | Subsidies: Plug subsidy leaks to help fiscal consolidation&#039;
$metaKeywords = &#039;Fertilizer Subsidy,Food Subsidy,LPG Subsidy,subsidies,Union Budget,Economic Survey 2015-16&#039;
$metaDesc = &#039;
-Business Standard

Conventional subsidy bill of Rs 2.44 lakh crore, or 1.7 per cent of GDP, in 2015-16

If lower tax rate is equivalent to subsidising, the National Democratic Alliance government is clearly targeting the &#039;well-off&#039; segment of the population. Unlike the...&#039;
$disp = &#039;&lt;div align=&quot;justify&quot;&gt;-Business Standard&lt;br /&gt;&lt;br /&gt;&lt;em&gt;Conventional subsidy bill of Rs 2.44 lakh crore, or 1.7 per cent of GDP, in 2015-16&lt;br /&gt;&lt;/em&gt;&lt;br /&gt;If lower tax rate is equivalent to subsidising, the National Democratic Alliance government is clearly targeting the &#039;well-off&#039; segment of the population. Unlike the previous years, the Economic Survey 2015-16 has dealt with the issue of subsidy by giving only a box on petroleum subsidies, while devoting a chapter with nine-and-a-half pages to &#039;Bounties for the Well-Off&#039;.&lt;br /&gt;&lt;br /&gt;&amp;quot;The Rs 1 lakh crore of subsidy going to the better-off merely on account of six commodities - kerosene, railways, electricity, LPG (liquid petroleum gas), gold and ATF (aviation turbine fuel) - plus the small savings schemes represent a substantial leakage from the government&#039;s kitty and an opportunity foregone to help the truly deserving,&amp;quot; notes the Survey.&lt;br /&gt;&lt;br /&gt;The conventional subsidy bill - which includes fertiliser, food and petroleum subsidy - would be Rs 2.44 lakh crore or 1.7 per cent of GDP in 2015-16. &amp;quot;The rationalisation and re-priortisation of subsidies through better targeting would play a vital role in fiscal consolidation and in targeting expenditure towards inclusive development,&amp;quot; says the Survey.&lt;br /&gt;&lt;br /&gt;Deregulation of petrol and diesel prices and direct benefit transfer of subsidy to domestic LPG customers, along with the decline in global crude oil prices, helped in containing petroleum subsidy bill at Rs 30,000 crore, compared with Rs 57,769 crore in 2014-15.&lt;br /&gt;&lt;br /&gt;Total subsidy bill as a proportion of GDP has been declining since 2012-13 and is expected to be below two per cent of GDP.&lt;br /&gt;&lt;br /&gt;For the better-off, the Survey has gone into the details of Public Provident Fund (PPF) scheme and tax-free bonds. While stating that both of these were not actually small saving schemes, it has spelt out the implicit subsidy in PPF at Rs 11,900 crore while that on tax-free bonds at Rs 111 crore. &amp;quot;India should move, in a phased manner, to the EET (exempt, exempt, tax) method of taxation on savings,&amp;quot; the Survey suggests.&lt;br /&gt;&lt;br /&gt;In other bounties category, the Survey interestingly takes note of the low tax on gold. It says gold is only taxed at about 1-1.6 per cent, compared with tax of about 26 per cent for normal goods. &amp;quot;There is a huge subsidy of 25 percentage points on gold. About 98 per cent of this subsidy accrues to the better-off.&amp;quot;&lt;br /&gt;&lt;br /&gt;Similarly, for electricity, the Survey says given the magnitude of relative power consumption (84 per cent) of the better-off in the total consumption, they appropriate a substantial amount of total subsidy. Among the six commodities, the highest implicit subsidy for the better-off section comes from LPG at Rs 40,151 crore.&lt;/div&gt;&#039;
$lang = &#039;English&#039;
$SITE_URL = &#039;https://im4change.in/&#039;
$site_title = &#039;im4change&#039;
$adminprix = &#039;admin&#039;</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8
Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413
Cake\View\View::_render() - CORE/src/View/View.php, line 1374
Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927
Cake\View\View::render() - CORE/src/View/View.php, line 885
Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126
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</pre></div></pre>latest-news-updates/subsidies-plug-subsidy-leaks-to-help-fiscal-consolidation-4678691.html"/>
    <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/>
    <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css"
          media="all"/>
    <title>LATEST NEWS UPDATES | Subsidies: Plug subsidy leaks to help fiscal consolidation | Im4change.org</title>
    <meta name="description" content="
-Business Standard

Conventional subsidy bill of Rs 2.44 lakh crore, or 1.7 per cent of GDP, in 2015-16

If lower tax rate is equivalent to subsidising, the National Democratic Alliance government is clearly targeting the 'well-off' segment of the population. Unlike the..."/>
    <script src="https://im4change.in/js/jquery-1.10.2.js"></script>
    <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script>
    <script language="javascript" type="text/javascript">

        $(document).ready(function () {
            var img = $("img")[0]; // Get my img elem
            var pic_real_width, pic_real_height;
            $("<img/>") // Make in memory copy of image to avoid css issues
                .attr("src", $(img).attr("src"))
                .load(function () {
                    pic_real_width = this.width;   // Note: $(this).width() will not
                    pic_real_height = this.height; // work for in memory images.
                });
        });
    </script>
    <style type="text/css">
        @media screen {
            div.divFooter {
                display: block;
            }
        }

        @media print {
            .printbutton {
                display: none !important;
            }
        }
    </style>
</head>
<body>
<table cellpadding="0" cellspacing="0" border="0" width="98%" align="center">
    <tr>
        <td class="top_bg">
            <div class="divFooter">
                <img src="https://im4change.in/images/logo1.jpg" height="59" border="0"
                     alt="Resource centre on India's rural distress" style="padding-top:14px;"/>
            </div>

        </td>
    </tr>
    <tr>
        <td id="topspace">&nbsp;</td>
    </tr>

    <tr id="topspace">
        <td>&nbsp;</td>
    </tr>
    <tr>
        <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>

    <tr>
        <td width="100%">
            <h1 class="news_headlines" style="font-style:normal">
                <strong>Subsidies: Plug subsidy leaks to help fiscal consolidation</strong></h1>
        </td>
    </tr>
    <tr>
        <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3">
                <div align="justify">-Business Standard<br /><br /><em>Conventional subsidy bill of Rs 2.44 lakh crore, or 1.7 per cent of GDP, in 2015-16<br /></em><br />If lower tax rate is equivalent to subsidising, the National Democratic Alliance government is clearly targeting the 'well-off' segment of the population. Unlike the previous years, the Economic Survey 2015-16 has dealt with the issue of subsidy by giving only a box on petroleum subsidies, while devoting a chapter with nine-and-a-half pages to 'Bounties for the Well-Off'.<br /><br />&quot;The Rs 1 lakh crore of subsidy going to the better-off merely on account of six commodities - kerosene, railways, electricity, LPG (liquid petroleum gas), gold and ATF (aviation turbine fuel) - plus the small savings schemes represent a substantial leakage from the government's kitty and an opportunity foregone to help the truly deserving,&quot; notes the Survey.<br /><br />The conventional subsidy bill - which includes fertiliser, food and petroleum subsidy - would be Rs 2.44 lakh crore or 1.7 per cent of GDP in 2015-16. &quot;The rationalisation and re-priortisation of subsidies through better targeting would play a vital role in fiscal consolidation and in targeting expenditure towards inclusive development,&quot; says the Survey.<br /><br />Deregulation of petrol and diesel prices and direct benefit transfer of subsidy to domestic LPG customers, along with the decline in global crude oil prices, helped in containing petroleum subsidy bill at Rs 30,000 crore, compared with Rs 57,769 crore in 2014-15.<br /><br />Total subsidy bill as a proportion of GDP has been declining since 2012-13 and is expected to be below two per cent of GDP.<br /><br />For the better-off, the Survey has gone into the details of Public Provident Fund (PPF) scheme and tax-free bonds. While stating that both of these were not actually small saving schemes, it has spelt out the implicit subsidy in PPF at Rs 11,900 crore while that on tax-free bonds at Rs 111 crore. &quot;India should move, in a phased manner, to the EET (exempt, exempt, tax) method of taxation on savings,&quot; the Survey suggests.<br /><br />In other bounties category, the Survey interestingly takes note of the low tax on gold. It says gold is only taxed at about 1-1.6 per cent, compared with tax of about 26 per cent for normal goods. &quot;There is a huge subsidy of 25 percentage points on gold. About 98 per cent of this subsidy accrues to the better-off.&quot;<br /><br />Similarly, for electricity, the Survey says given the magnitude of relative power consumption (84 per cent) of the better-off in the total consumption, they appropriate a substantial amount of total subsidy. Among the six commodities, the highest implicit subsidy for the better-off section comes from LPG at Rs 40,151 crore.</div>               </font>
        </td>
    </tr>
    <tr>
        <td>&nbsp;</td>
    </tr>

    <tr>
        <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>
</table></body>
</html>'

}
$maxBufferLength = (int) 8192
$file = '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php'
$line = (int) 853
$message = 'Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853'
Cake\Http\ResponseEmitter::emit() - CORE/src/Http/ResponseEmitter.php, line 48
Cake\Http\Server::emit() - CORE/src/Http/Server.php, line 141
[main] - ROOT/webroot/index.php, line 39

Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 148]
Code Context
            $response->getStatusCode(),

            ($reasonPhrase ? ' ' . $reasonPhrase : '')

        ));
$response = object(Cake\Http\Response) {

	'status' => (int) 200,
	'contentType' => 'text/html',
	'headers' => [
		'Content-Type' => [
			[maximum depth reached]
		]
	],
	'file' => null,
	'fileRange' => [],
	'cookies' => object(Cake\Http\Cookie\CookieCollection) {},
	'cacheDirectives' => [],
	'body' => '<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN"
        "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd">
<html xmlns="http://www.w3.org/1999/xhtml">
<head>
    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f09d8b43d58-trace').style.display = (document.getElementById('cakeErr67f09d8b43d58-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="cakeErr67f09d8b43d58-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f09d8b43d58-code').style.display = (document.getElementById('cakeErr67f09d8b43d58-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f09d8b43d58-context').style.display = (document.getElementById('cakeErr67f09d8b43d58-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67f09d8b43d58-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;
</span></span></code>
<span class="code-highlight"><code><span style="color: #000000">&nbsp;&nbsp;&nbsp;&nbsp;&lt;link&nbsp;rel="canonical"&nbsp;href="<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">);&nbsp;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">category</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">slug</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>/<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">seo_url</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>.html"/&gt;
</span></code></span>
<code><span style="color: #000000"><span style="color: #0000BB">&nbsp;&nbsp;&nbsp;&nbsp;</span><span style="color: #007700">&lt;</span><span style="color: #0000BB">meta&nbsp;http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type"&nbsp;</span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html;&nbsp;charset=utf-8"</span><span style="color: #007700">/&gt;
</span></span></code></pre><pre id="cakeErr67f09d8b43d58-context" class="cake-context" style="display: none;">$viewFile = &#039;/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp&#039;
$dataForView = [
	&#039;article_current&#039; =&gt; object(App\Model\Entity\Article) {

		&#039;id&#039; =&gt; (int) 30628,
		&#039;title&#039; =&gt; &#039;Subsidies: Plug subsidy leaks to help fiscal consolidation&#039;,
		&#039;subheading&#039; =&gt; &#039;&#039;,
		&#039;description&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;
-Business Standard&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;Conventional subsidy bill of Rs 2.44 lakh crore, or 1.7 per cent of GDP, in 2015-16&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
If lower tax rate is equivalent to subsidising, the National Democratic Alliance government is clearly targeting the &#039;well-off&#039; segment of the population. Unlike the previous years, the Economic Survey 2015-16 has dealt with the issue of subsidy by giving only a box on petroleum subsidies, while devoting a chapter with nine-and-a-half pages to &#039;Bounties for the Well-Off&#039;.&lt;br /&gt;
&lt;br /&gt;
&amp;quot;The Rs 1 lakh crore of subsidy going to the better-off merely on account of six commodities - kerosene, railways, electricity, LPG (liquid petroleum gas), gold and ATF (aviation turbine fuel) - plus the small savings schemes represent a substantial leakage from the government&#039;s kitty and an opportunity foregone to help the truly deserving,&amp;quot; notes the Survey.&lt;br /&gt;
&lt;br /&gt;
The conventional subsidy bill - which includes fertiliser, food and petroleum subsidy - would be Rs 2.44 lakh crore or 1.7 per cent of GDP in 2015-16. &amp;quot;The rationalisation and re-priortisation of subsidies through better targeting would play a vital role in fiscal consolidation and in targeting expenditure towards inclusive development,&amp;quot; says the Survey.&lt;br /&gt;
&lt;br /&gt;
Deregulation of petrol and diesel prices and direct benefit transfer of subsidy to domestic LPG customers, along with the decline in global crude oil prices, helped in containing petroleum subsidy bill at Rs 30,000 crore, compared with Rs 57,769 crore in 2014-15.&lt;br /&gt;
&lt;br /&gt;
Total subsidy bill as a proportion of GDP has been declining since 2012-13 and is expected to be below two per cent of GDP.&lt;br /&gt;
&lt;br /&gt;
For the better-off, the Survey has gone into the details of Public Provident Fund (PPF) scheme and tax-free bonds. While stating that both of these were not actually small saving schemes, it has spelt out the implicit subsidy in PPF at Rs 11,900 crore while that on tax-free bonds at Rs 111 crore. &amp;quot;India should move, in a phased manner, to the EET (exempt, exempt, tax) method of taxation on savings,&amp;quot; the Survey suggests.&lt;br /&gt;
&lt;br /&gt;
In other bounties category, the Survey interestingly takes note of the low tax on gold. It says gold is only taxed at about 1-1.6 per cent, compared with tax of about 26 per cent for normal goods. &amp;quot;There is a huge subsidy of 25 percentage points on gold. About 98 per cent of this subsidy accrues to the better-off.&amp;quot;&lt;br /&gt;
&lt;br /&gt;
Similarly, for electricity, the Survey says given the magnitude of relative power consumption (84 per cent) of the better-off in the total consumption, they appropriate a substantial amount of total subsidy. Among the six commodities, the highest implicit subsidy for the better-off section comes from LPG at Rs 40,151 crore.
&lt;/div&gt;&#039;,
		&#039;credit_writer&#039; =&gt; &#039;Business Standard, 27 February, 2016, http://www.business-standard.com/budget/article/subsidies-plug-subsidy-leaks-to-help-fiscal-consolidation-116022700024_1.html&#039;,
		&#039;article_img&#039; =&gt; &#039;&#039;,
		&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
		&#039;status&#039; =&gt; (int) 1,
		&#039;show_on_home&#039; =&gt; (int) 1,
		&#039;lang&#039; =&gt; &#039;EN&#039;,
		&#039;category_id&#039; =&gt; (int) 16,
		&#039;tag_keyword&#039; =&gt; &#039;&#039;,
		&#039;seo_url&#039; =&gt; &#039;subsidies-plug-subsidy-leaks-to-help-fiscal-consolidation-4678691&#039;,
		&#039;meta_title&#039; =&gt; null,
		&#039;meta_keywords&#039; =&gt; null,
		&#039;meta_description&#039; =&gt; null,
		&#039;noindex&#039; =&gt; (int) 0,
		&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
		&#039;most_visit_section_id&#039; =&gt; null,
		&#039;article_big_img&#039; =&gt; null,
		&#039;liveid&#039; =&gt; (int) 4678691,
		&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;edate&#039; =&gt; &#039;&#039;,
		&#039;tags&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
		&#039;[new]&#039; =&gt; false,
		&#039;[accessible]&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;[dirty]&#039; =&gt; [[maximum depth reached]],
		&#039;[original]&#039; =&gt; [[maximum depth reached]],
		&#039;[virtual]&#039; =&gt; [[maximum depth reached]],
		&#039;[hasErrors]&#039; =&gt; false,
		&#039;[errors]&#039; =&gt; [[maximum depth reached]],
		&#039;[invalid]&#039; =&gt; [[maximum depth reached]],
		&#039;[repository]&#039; =&gt; &#039;Articles&#039;
	
	},
	&#039;articleid&#039; =&gt; (int) 30628,
	&#039;metaTitle&#039; =&gt; &#039;LATEST NEWS UPDATES | Subsidies: Plug subsidy leaks to help fiscal consolidation&#039;,
	&#039;metaKeywords&#039; =&gt; &#039;Fertilizer Subsidy,Food Subsidy,LPG Subsidy,subsidies,Union Budget,Economic Survey 2015-16&#039;,
	&#039;metaDesc&#039; =&gt; &#039;
-Business Standard

Conventional subsidy bill of Rs 2.44 lakh crore, or 1.7 per cent of GDP, in 2015-16

If lower tax rate is equivalent to subsidising, the National Democratic Alliance government is clearly targeting the &#039;well-off&#039; segment of the population. Unlike the...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;-Business Standard&lt;br /&gt;&lt;br /&gt;&lt;em&gt;Conventional subsidy bill of Rs 2.44 lakh crore, or 1.7 per cent of GDP, in 2015-16&lt;br /&gt;&lt;/em&gt;&lt;br /&gt;If lower tax rate is equivalent to subsidising, the National Democratic Alliance government is clearly targeting the &#039;well-off&#039; segment of the population. Unlike the previous years, the Economic Survey 2015-16 has dealt with the issue of subsidy by giving only a box on petroleum subsidies, while devoting a chapter with nine-and-a-half pages to &#039;Bounties for the Well-Off&#039;.&lt;br /&gt;&lt;br /&gt;&amp;quot;The Rs 1 lakh crore of subsidy going to the better-off merely on account of six commodities - kerosene, railways, electricity, LPG (liquid petroleum gas), gold and ATF (aviation turbine fuel) - plus the small savings schemes represent a substantial leakage from the government&#039;s kitty and an opportunity foregone to help the truly deserving,&amp;quot; notes the Survey.&lt;br /&gt;&lt;br /&gt;The conventional subsidy bill - which includes fertiliser, food and petroleum subsidy - would be Rs 2.44 lakh crore or 1.7 per cent of GDP in 2015-16. &amp;quot;The rationalisation and re-priortisation of subsidies through better targeting would play a vital role in fiscal consolidation and in targeting expenditure towards inclusive development,&amp;quot; says the Survey.&lt;br /&gt;&lt;br /&gt;Deregulation of petrol and diesel prices and direct benefit transfer of subsidy to domestic LPG customers, along with the decline in global crude oil prices, helped in containing petroleum subsidy bill at Rs 30,000 crore, compared with Rs 57,769 crore in 2014-15.&lt;br /&gt;&lt;br /&gt;Total subsidy bill as a proportion of GDP has been declining since 2012-13 and is expected to be below two per cent of GDP.&lt;br /&gt;&lt;br /&gt;For the better-off, the Survey has gone into the details of Public Provident Fund (PPF) scheme and tax-free bonds. While stating that both of these were not actually small saving schemes, it has spelt out the implicit subsidy in PPF at Rs 11,900 crore while that on tax-free bonds at Rs 111 crore. &amp;quot;India should move, in a phased manner, to the EET (exempt, exempt, tax) method of taxation on savings,&amp;quot; the Survey suggests.&lt;br /&gt;&lt;br /&gt;In other bounties category, the Survey interestingly takes note of the low tax on gold. It says gold is only taxed at about 1-1.6 per cent, compared with tax of about 26 per cent for normal goods. &amp;quot;There is a huge subsidy of 25 percentage points on gold. About 98 per cent of this subsidy accrues to the better-off.&amp;quot;&lt;br /&gt;&lt;br /&gt;Similarly, for electricity, the Survey says given the magnitude of relative power consumption (84 per cent) of the better-off in the total consumption, they appropriate a substantial amount of total subsidy. Among the six commodities, the highest implicit subsidy for the better-off section comes from LPG at Rs 40,151 crore.&lt;/div&gt;&#039;,
	&#039;lang&#039; =&gt; &#039;English&#039;,
	&#039;SITE_URL&#039; =&gt; &#039;https://im4change.in/&#039;,
	&#039;site_title&#039; =&gt; &#039;im4change&#039;,
	&#039;adminprix&#039; =&gt; &#039;admin&#039;
]
$article_current = object(App\Model\Entity\Article) {

	&#039;id&#039; =&gt; (int) 30628,
	&#039;title&#039; =&gt; &#039;Subsidies: Plug subsidy leaks to help fiscal consolidation&#039;,
	&#039;subheading&#039; =&gt; &#039;&#039;,
	&#039;description&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;
-Business Standard&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;Conventional subsidy bill of Rs 2.44 lakh crore, or 1.7 per cent of GDP, in 2015-16&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
If lower tax rate is equivalent to subsidising, the National Democratic Alliance government is clearly targeting the &#039;well-off&#039; segment of the population. Unlike the previous years, the Economic Survey 2015-16 has dealt with the issue of subsidy by giving only a box on petroleum subsidies, while devoting a chapter with nine-and-a-half pages to &#039;Bounties for the Well-Off&#039;.&lt;br /&gt;
&lt;br /&gt;
&amp;quot;The Rs 1 lakh crore of subsidy going to the better-off merely on account of six commodities - kerosene, railways, electricity, LPG (liquid petroleum gas), gold and ATF (aviation turbine fuel) - plus the small savings schemes represent a substantial leakage from the government&#039;s kitty and an opportunity foregone to help the truly deserving,&amp;quot; notes the Survey.&lt;br /&gt;
&lt;br /&gt;
The conventional subsidy bill - which includes fertiliser, food and petroleum subsidy - would be Rs 2.44 lakh crore or 1.7 per cent of GDP in 2015-16. &amp;quot;The rationalisation and re-priortisation of subsidies through better targeting would play a vital role in fiscal consolidation and in targeting expenditure towards inclusive development,&amp;quot; says the Survey.&lt;br /&gt;
&lt;br /&gt;
Deregulation of petrol and diesel prices and direct benefit transfer of subsidy to domestic LPG customers, along with the decline in global crude oil prices, helped in containing petroleum subsidy bill at Rs 30,000 crore, compared with Rs 57,769 crore in 2014-15.&lt;br /&gt;
&lt;br /&gt;
Total subsidy bill as a proportion of GDP has been declining since 2012-13 and is expected to be below two per cent of GDP.&lt;br /&gt;
&lt;br /&gt;
For the better-off, the Survey has gone into the details of Public Provident Fund (PPF) scheme and tax-free bonds. While stating that both of these were not actually small saving schemes, it has spelt out the implicit subsidy in PPF at Rs 11,900 crore while that on tax-free bonds at Rs 111 crore. &amp;quot;India should move, in a phased manner, to the EET (exempt, exempt, tax) method of taxation on savings,&amp;quot; the Survey suggests.&lt;br /&gt;
&lt;br /&gt;
In other bounties category, the Survey interestingly takes note of the low tax on gold. It says gold is only taxed at about 1-1.6 per cent, compared with tax of about 26 per cent for normal goods. &amp;quot;There is a huge subsidy of 25 percentage points on gold. About 98 per cent of this subsidy accrues to the better-off.&amp;quot;&lt;br /&gt;
&lt;br /&gt;
Similarly, for electricity, the Survey says given the magnitude of relative power consumption (84 per cent) of the better-off in the total consumption, they appropriate a substantial amount of total subsidy. Among the six commodities, the highest implicit subsidy for the better-off section comes from LPG at Rs 40,151 crore.
&lt;/div&gt;&#039;,
	&#039;credit_writer&#039; =&gt; &#039;Business Standard, 27 February, 2016, http://www.business-standard.com/budget/article/subsidies-plug-subsidy-leaks-to-help-fiscal-consolidation-116022700024_1.html&#039;,
	&#039;article_img&#039; =&gt; &#039;&#039;,
	&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
	&#039;status&#039; =&gt; (int) 1,
	&#039;show_on_home&#039; =&gt; (int) 1,
	&#039;lang&#039; =&gt; &#039;EN&#039;,
	&#039;category_id&#039; =&gt; (int) 16,
	&#039;tag_keyword&#039; =&gt; &#039;&#039;,
	&#039;seo_url&#039; =&gt; &#039;subsidies-plug-subsidy-leaks-to-help-fiscal-consolidation-4678691&#039;,
	&#039;meta_title&#039; =&gt; null,
	&#039;meta_keywords&#039; =&gt; null,
	&#039;meta_description&#039; =&gt; null,
	&#039;noindex&#039; =&gt; (int) 0,
	&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
	&#039;most_visit_section_id&#039; =&gt; null,
	&#039;article_big_img&#039; =&gt; null,
	&#039;liveid&#039; =&gt; (int) 4678691,
	&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;edate&#039; =&gt; &#039;&#039;,
	&#039;tags&#039; =&gt; [
		(int) 0 =&gt; object(Cake\ORM\Entity) {},
		(int) 1 =&gt; object(Cake\ORM\Entity) {},
		(int) 2 =&gt; object(Cake\ORM\Entity) {},
		(int) 3 =&gt; object(Cake\ORM\Entity) {},
		(int) 4 =&gt; object(Cake\ORM\Entity) {},
		(int) 5 =&gt; object(Cake\ORM\Entity) {}
	],
	&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
	&#039;[new]&#039; =&gt; false,
	&#039;[accessible]&#039; =&gt; [
		&#039;*&#039; =&gt; true,
		&#039;id&#039; =&gt; false
	],
	&#039;[dirty]&#039; =&gt; [],
	&#039;[original]&#039; =&gt; [],
	&#039;[virtual]&#039; =&gt; [],
	&#039;[hasErrors]&#039; =&gt; false,
	&#039;[errors]&#039; =&gt; [],
	&#039;[invalid]&#039; =&gt; [],
	&#039;[repository]&#039; =&gt; &#039;Articles&#039;

}
$articleid = (int) 30628
$metaTitle = &#039;LATEST NEWS UPDATES | Subsidies: Plug subsidy leaks to help fiscal consolidation&#039;
$metaKeywords = &#039;Fertilizer Subsidy,Food Subsidy,LPG Subsidy,subsidies,Union Budget,Economic Survey 2015-16&#039;
$metaDesc = &#039;
-Business Standard

Conventional subsidy bill of Rs 2.44 lakh crore, or 1.7 per cent of GDP, in 2015-16

If lower tax rate is equivalent to subsidising, the National Democratic Alliance government is clearly targeting the &#039;well-off&#039; segment of the population. Unlike the...&#039;
$disp = &#039;&lt;div align=&quot;justify&quot;&gt;-Business Standard&lt;br /&gt;&lt;br /&gt;&lt;em&gt;Conventional subsidy bill of Rs 2.44 lakh crore, or 1.7 per cent of GDP, in 2015-16&lt;br /&gt;&lt;/em&gt;&lt;br /&gt;If lower tax rate is equivalent to subsidising, the National Democratic Alliance government is clearly targeting the &#039;well-off&#039; segment of the population. Unlike the previous years, the Economic Survey 2015-16 has dealt with the issue of subsidy by giving only a box on petroleum subsidies, while devoting a chapter with nine-and-a-half pages to &#039;Bounties for the Well-Off&#039;.&lt;br /&gt;&lt;br /&gt;&amp;quot;The Rs 1 lakh crore of subsidy going to the better-off merely on account of six commodities - kerosene, railways, electricity, LPG (liquid petroleum gas), gold and ATF (aviation turbine fuel) - plus the small savings schemes represent a substantial leakage from the government&#039;s kitty and an opportunity foregone to help the truly deserving,&amp;quot; notes the Survey.&lt;br /&gt;&lt;br /&gt;The conventional subsidy bill - which includes fertiliser, food and petroleum subsidy - would be Rs 2.44 lakh crore or 1.7 per cent of GDP in 2015-16. &amp;quot;The rationalisation and re-priortisation of subsidies through better targeting would play a vital role in fiscal consolidation and in targeting expenditure towards inclusive development,&amp;quot; says the Survey.&lt;br /&gt;&lt;br /&gt;Deregulation of petrol and diesel prices and direct benefit transfer of subsidy to domestic LPG customers, along with the decline in global crude oil prices, helped in containing petroleum subsidy bill at Rs 30,000 crore, compared with Rs 57,769 crore in 2014-15.&lt;br /&gt;&lt;br /&gt;Total subsidy bill as a proportion of GDP has been declining since 2012-13 and is expected to be below two per cent of GDP.&lt;br /&gt;&lt;br /&gt;For the better-off, the Survey has gone into the details of Public Provident Fund (PPF) scheme and tax-free bonds. While stating that both of these were not actually small saving schemes, it has spelt out the implicit subsidy in PPF at Rs 11,900 crore while that on tax-free bonds at Rs 111 crore. &amp;quot;India should move, in a phased manner, to the EET (exempt, exempt, tax) method of taxation on savings,&amp;quot; the Survey suggests.&lt;br /&gt;&lt;br /&gt;In other bounties category, the Survey interestingly takes note of the low tax on gold. It says gold is only taxed at about 1-1.6 per cent, compared with tax of about 26 per cent for normal goods. &amp;quot;There is a huge subsidy of 25 percentage points on gold. About 98 per cent of this subsidy accrues to the better-off.&amp;quot;&lt;br /&gt;&lt;br /&gt;Similarly, for electricity, the Survey says given the magnitude of relative power consumption (84 per cent) of the better-off in the total consumption, they appropriate a substantial amount of total subsidy. Among the six commodities, the highest implicit subsidy for the better-off section comes from LPG at Rs 40,151 crore.&lt;/div&gt;&#039;
$lang = &#039;English&#039;
$SITE_URL = &#039;https://im4change.in/&#039;
$site_title = &#039;im4change&#039;
$adminprix = &#039;admin&#039;</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8
Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413
Cake\View\View::_render() - CORE/src/View/View.php, line 1374
Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927
Cake\View\View::render() - CORE/src/View/View.php, line 885
Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126
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</pre></div></pre>latest-news-updates/subsidies-plug-subsidy-leaks-to-help-fiscal-consolidation-4678691.html"/>
    <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/>
    <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css"
          media="all"/>
    <title>LATEST NEWS UPDATES | Subsidies: Plug subsidy leaks to help fiscal consolidation | Im4change.org</title>
    <meta name="description" content="
-Business Standard

Conventional subsidy bill of Rs 2.44 lakh crore, or 1.7 per cent of GDP, in 2015-16

If lower tax rate is equivalent to subsidising, the National Democratic Alliance government is clearly targeting the 'well-off' segment of the population. Unlike the..."/>
    <script src="https://im4change.in/js/jquery-1.10.2.js"></script>
    <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script>
    <script language="javascript" type="text/javascript">

        $(document).ready(function () {
            var img = $("img")[0]; // Get my img elem
            var pic_real_width, pic_real_height;
            $("<img/>") // Make in memory copy of image to avoid css issues
                .attr("src", $(img).attr("src"))
                .load(function () {
                    pic_real_width = this.width;   // Note: $(this).width() will not
                    pic_real_height = this.height; // work for in memory images.
                });
        });
    </script>
    <style type="text/css">
        @media screen {
            div.divFooter {
                display: block;
            }
        }

        @media print {
            .printbutton {
                display: none !important;
            }
        }
    </style>
</head>
<body>
<table cellpadding="0" cellspacing="0" border="0" width="98%" align="center">
    <tr>
        <td class="top_bg">
            <div class="divFooter">
                <img src="https://im4change.in/images/logo1.jpg" height="59" border="0"
                     alt="Resource centre on India's rural distress" style="padding-top:14px;"/>
            </div>

        </td>
    </tr>
    <tr>
        <td id="topspace">&nbsp;</td>
    </tr>

    <tr id="topspace">
        <td>&nbsp;</td>
    </tr>
    <tr>
        <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>

    <tr>
        <td width="100%">
            <h1 class="news_headlines" style="font-style:normal">
                <strong>Subsidies: Plug subsidy leaks to help fiscal consolidation</strong></h1>
        </td>
    </tr>
    <tr>
        <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3">
                <div align="justify">-Business Standard<br /><br /><em>Conventional subsidy bill of Rs 2.44 lakh crore, or 1.7 per cent of GDP, in 2015-16<br /></em><br />If lower tax rate is equivalent to subsidising, the National Democratic Alliance government is clearly targeting the 'well-off' segment of the population. Unlike the previous years, the Economic Survey 2015-16 has dealt with the issue of subsidy by giving only a box on petroleum subsidies, while devoting a chapter with nine-and-a-half pages to 'Bounties for the Well-Off'.<br /><br />&quot;The Rs 1 lakh crore of subsidy going to the better-off merely on account of six commodities - kerosene, railways, electricity, LPG (liquid petroleum gas), gold and ATF (aviation turbine fuel) - plus the small savings schemes represent a substantial leakage from the government's kitty and an opportunity foregone to help the truly deserving,&quot; notes the Survey.<br /><br />The conventional subsidy bill - which includes fertiliser, food and petroleum subsidy - would be Rs 2.44 lakh crore or 1.7 per cent of GDP in 2015-16. &quot;The rationalisation and re-priortisation of subsidies through better targeting would play a vital role in fiscal consolidation and in targeting expenditure towards inclusive development,&quot; says the Survey.<br /><br />Deregulation of petrol and diesel prices and direct benefit transfer of subsidy to domestic LPG customers, along with the decline in global crude oil prices, helped in containing petroleum subsidy bill at Rs 30,000 crore, compared with Rs 57,769 crore in 2014-15.<br /><br />Total subsidy bill as a proportion of GDP has been declining since 2012-13 and is expected to be below two per cent of GDP.<br /><br />For the better-off, the Survey has gone into the details of Public Provident Fund (PPF) scheme and tax-free bonds. While stating that both of these were not actually small saving schemes, it has spelt out the implicit subsidy in PPF at Rs 11,900 crore while that on tax-free bonds at Rs 111 crore. &quot;India should move, in a phased manner, to the EET (exempt, exempt, tax) method of taxation on savings,&quot; the Survey suggests.<br /><br />In other bounties category, the Survey interestingly takes note of the low tax on gold. It says gold is only taxed at about 1-1.6 per cent, compared with tax of about 26 per cent for normal goods. &quot;There is a huge subsidy of 25 percentage points on gold. About 98 per cent of this subsidy accrues to the better-off.&quot;<br /><br />Similarly, for electricity, the Survey says given the magnitude of relative power consumption (84 per cent) of the better-off in the total consumption, they appropriate a substantial amount of total subsidy. Among the six commodities, the highest implicit subsidy for the better-off section comes from LPG at Rs 40,151 crore.</div>               </font>
        </td>
    </tr>
    <tr>
        <td>&nbsp;</td>
    </tr>

    <tr>
        <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>
</table></body>
</html>'

}
$reasonPhrase = 'OK'
header - [internal], line ??
Cake\Http\ResponseEmitter::emitStatusLine() - CORE/src/Http/ResponseEmitter.php, line 148
Cake\Http\ResponseEmitter::emit() - CORE/src/Http/ResponseEmitter.php, line 54
Cake\Http\Server::emit() - CORE/src/Http/Server.php, line 141
[main] - ROOT/webroot/index.php, line 39

Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 181]
Code Context
                    $value

                ), $first);

                $first = false;
$response = object(Cake\Http\Response) {

	'status' => (int) 200,
	'contentType' => 'text/html',
	'headers' => [
		'Content-Type' => [
			[maximum depth reached]
		]
	],
	'file' => null,
	'fileRange' => [],
	'cookies' => object(Cake\Http\Cookie\CookieCollection) {},
	'cacheDirectives' => [],
	'body' => '<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN"
        "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd">
<html xmlns="http://www.w3.org/1999/xhtml">
<head>
    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f09d8b43d58-trace').style.display = (document.getElementById('cakeErr67f09d8b43d58-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="cakeErr67f09d8b43d58-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f09d8b43d58-code').style.display = (document.getElementById('cakeErr67f09d8b43d58-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f09d8b43d58-context').style.display = (document.getElementById('cakeErr67f09d8b43d58-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67f09d8b43d58-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;
</span></span></code>
<span class="code-highlight"><code><span style="color: #000000">&nbsp;&nbsp;&nbsp;&nbsp;&lt;link&nbsp;rel="canonical"&nbsp;href="<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">);&nbsp;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">category</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">slug</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>/<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">seo_url</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>.html"/&gt;
</span></code></span>
<code><span style="color: #000000"><span style="color: #0000BB">&nbsp;&nbsp;&nbsp;&nbsp;</span><span style="color: #007700">&lt;</span><span style="color: #0000BB">meta&nbsp;http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type"&nbsp;</span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html;&nbsp;charset=utf-8"</span><span style="color: #007700">/&gt;
</span></span></code></pre><pre id="cakeErr67f09d8b43d58-context" class="cake-context" style="display: none;">$viewFile = &#039;/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp&#039;
$dataForView = [
	&#039;article_current&#039; =&gt; object(App\Model\Entity\Article) {

		&#039;id&#039; =&gt; (int) 30628,
		&#039;title&#039; =&gt; &#039;Subsidies: Plug subsidy leaks to help fiscal consolidation&#039;,
		&#039;subheading&#039; =&gt; &#039;&#039;,
		&#039;description&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;
-Business Standard&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;Conventional subsidy bill of Rs 2.44 lakh crore, or 1.7 per cent of GDP, in 2015-16&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
If lower tax rate is equivalent to subsidising, the National Democratic Alliance government is clearly targeting the &#039;well-off&#039; segment of the population. Unlike the previous years, the Economic Survey 2015-16 has dealt with the issue of subsidy by giving only a box on petroleum subsidies, while devoting a chapter with nine-and-a-half pages to &#039;Bounties for the Well-Off&#039;.&lt;br /&gt;
&lt;br /&gt;
&amp;quot;The Rs 1 lakh crore of subsidy going to the better-off merely on account of six commodities - kerosene, railways, electricity, LPG (liquid petroleum gas), gold and ATF (aviation turbine fuel) - plus the small savings schemes represent a substantial leakage from the government&#039;s kitty and an opportunity foregone to help the truly deserving,&amp;quot; notes the Survey.&lt;br /&gt;
&lt;br /&gt;
The conventional subsidy bill - which includes fertiliser, food and petroleum subsidy - would be Rs 2.44 lakh crore or 1.7 per cent of GDP in 2015-16. &amp;quot;The rationalisation and re-priortisation of subsidies through better targeting would play a vital role in fiscal consolidation and in targeting expenditure towards inclusive development,&amp;quot; says the Survey.&lt;br /&gt;
&lt;br /&gt;
Deregulation of petrol and diesel prices and direct benefit transfer of subsidy to domestic LPG customers, along with the decline in global crude oil prices, helped in containing petroleum subsidy bill at Rs 30,000 crore, compared with Rs 57,769 crore in 2014-15.&lt;br /&gt;
&lt;br /&gt;
Total subsidy bill as a proportion of GDP has been declining since 2012-13 and is expected to be below two per cent of GDP.&lt;br /&gt;
&lt;br /&gt;
For the better-off, the Survey has gone into the details of Public Provident Fund (PPF) scheme and tax-free bonds. While stating that both of these were not actually small saving schemes, it has spelt out the implicit subsidy in PPF at Rs 11,900 crore while that on tax-free bonds at Rs 111 crore. &amp;quot;India should move, in a phased manner, to the EET (exempt, exempt, tax) method of taxation on savings,&amp;quot; the Survey suggests.&lt;br /&gt;
&lt;br /&gt;
In other bounties category, the Survey interestingly takes note of the low tax on gold. It says gold is only taxed at about 1-1.6 per cent, compared with tax of about 26 per cent for normal goods. &amp;quot;There is a huge subsidy of 25 percentage points on gold. About 98 per cent of this subsidy accrues to the better-off.&amp;quot;&lt;br /&gt;
&lt;br /&gt;
Similarly, for electricity, the Survey says given the magnitude of relative power consumption (84 per cent) of the better-off in the total consumption, they appropriate a substantial amount of total subsidy. Among the six commodities, the highest implicit subsidy for the better-off section comes from LPG at Rs 40,151 crore.
&lt;/div&gt;&#039;,
		&#039;credit_writer&#039; =&gt; &#039;Business Standard, 27 February, 2016, http://www.business-standard.com/budget/article/subsidies-plug-subsidy-leaks-to-help-fiscal-consolidation-116022700024_1.html&#039;,
		&#039;article_img&#039; =&gt; &#039;&#039;,
		&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
		&#039;status&#039; =&gt; (int) 1,
		&#039;show_on_home&#039; =&gt; (int) 1,
		&#039;lang&#039; =&gt; &#039;EN&#039;,
		&#039;category_id&#039; =&gt; (int) 16,
		&#039;tag_keyword&#039; =&gt; &#039;&#039;,
		&#039;seo_url&#039; =&gt; &#039;subsidies-plug-subsidy-leaks-to-help-fiscal-consolidation-4678691&#039;,
		&#039;meta_title&#039; =&gt; null,
		&#039;meta_keywords&#039; =&gt; null,
		&#039;meta_description&#039; =&gt; null,
		&#039;noindex&#039; =&gt; (int) 0,
		&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
		&#039;most_visit_section_id&#039; =&gt; null,
		&#039;article_big_img&#039; =&gt; null,
		&#039;liveid&#039; =&gt; (int) 4678691,
		&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;edate&#039; =&gt; &#039;&#039;,
		&#039;tags&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
		&#039;[new]&#039; =&gt; false,
		&#039;[accessible]&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;[dirty]&#039; =&gt; [[maximum depth reached]],
		&#039;[original]&#039; =&gt; [[maximum depth reached]],
		&#039;[virtual]&#039; =&gt; [[maximum depth reached]],
		&#039;[hasErrors]&#039; =&gt; false,
		&#039;[errors]&#039; =&gt; [[maximum depth reached]],
		&#039;[invalid]&#039; =&gt; [[maximum depth reached]],
		&#039;[repository]&#039; =&gt; &#039;Articles&#039;
	
	},
	&#039;articleid&#039; =&gt; (int) 30628,
	&#039;metaTitle&#039; =&gt; &#039;LATEST NEWS UPDATES | Subsidies: Plug subsidy leaks to help fiscal consolidation&#039;,
	&#039;metaKeywords&#039; =&gt; &#039;Fertilizer Subsidy,Food Subsidy,LPG Subsidy,subsidies,Union Budget,Economic Survey 2015-16&#039;,
	&#039;metaDesc&#039; =&gt; &#039;
-Business Standard

Conventional subsidy bill of Rs 2.44 lakh crore, or 1.7 per cent of GDP, in 2015-16

If lower tax rate is equivalent to subsidising, the National Democratic Alliance government is clearly targeting the &#039;well-off&#039; segment of the population. Unlike the...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;-Business Standard&lt;br /&gt;&lt;br /&gt;&lt;em&gt;Conventional subsidy bill of Rs 2.44 lakh crore, or 1.7 per cent of GDP, in 2015-16&lt;br /&gt;&lt;/em&gt;&lt;br /&gt;If lower tax rate is equivalent to subsidising, the National Democratic Alliance government is clearly targeting the &#039;well-off&#039; segment of the population. Unlike the previous years, the Economic Survey 2015-16 has dealt with the issue of subsidy by giving only a box on petroleum subsidies, while devoting a chapter with nine-and-a-half pages to &#039;Bounties for the Well-Off&#039;.&lt;br /&gt;&lt;br /&gt;&amp;quot;The Rs 1 lakh crore of subsidy going to the better-off merely on account of six commodities - kerosene, railways, electricity, LPG (liquid petroleum gas), gold and ATF (aviation turbine fuel) - plus the small savings schemes represent a substantial leakage from the government&#039;s kitty and an opportunity foregone to help the truly deserving,&amp;quot; notes the Survey.&lt;br /&gt;&lt;br /&gt;The conventional subsidy bill - which includes fertiliser, food and petroleum subsidy - would be Rs 2.44 lakh crore or 1.7 per cent of GDP in 2015-16. &amp;quot;The rationalisation and re-priortisation of subsidies through better targeting would play a vital role in fiscal consolidation and in targeting expenditure towards inclusive development,&amp;quot; says the Survey.&lt;br /&gt;&lt;br /&gt;Deregulation of petrol and diesel prices and direct benefit transfer of subsidy to domestic LPG customers, along with the decline in global crude oil prices, helped in containing petroleum subsidy bill at Rs 30,000 crore, compared with Rs 57,769 crore in 2014-15.&lt;br /&gt;&lt;br /&gt;Total subsidy bill as a proportion of GDP has been declining since 2012-13 and is expected to be below two per cent of GDP.&lt;br /&gt;&lt;br /&gt;For the better-off, the Survey has gone into the details of Public Provident Fund (PPF) scheme and tax-free bonds. While stating that both of these were not actually small saving schemes, it has spelt out the implicit subsidy in PPF at Rs 11,900 crore while that on tax-free bonds at Rs 111 crore. &amp;quot;India should move, in a phased manner, to the EET (exempt, exempt, tax) method of taxation on savings,&amp;quot; the Survey suggests.&lt;br /&gt;&lt;br /&gt;In other bounties category, the Survey interestingly takes note of the low tax on gold. It says gold is only taxed at about 1-1.6 per cent, compared with tax of about 26 per cent for normal goods. &amp;quot;There is a huge subsidy of 25 percentage points on gold. About 98 per cent of this subsidy accrues to the better-off.&amp;quot;&lt;br /&gt;&lt;br /&gt;Similarly, for electricity, the Survey says given the magnitude of relative power consumption (84 per cent) of the better-off in the total consumption, they appropriate a substantial amount of total subsidy. Among the six commodities, the highest implicit subsidy for the better-off section comes from LPG at Rs 40,151 crore.&lt;/div&gt;&#039;,
	&#039;lang&#039; =&gt; &#039;English&#039;,
	&#039;SITE_URL&#039; =&gt; &#039;https://im4change.in/&#039;,
	&#039;site_title&#039; =&gt; &#039;im4change&#039;,
	&#039;adminprix&#039; =&gt; &#039;admin&#039;
]
$article_current = object(App\Model\Entity\Article) {

	&#039;id&#039; =&gt; (int) 30628,
	&#039;title&#039; =&gt; &#039;Subsidies: Plug subsidy leaks to help fiscal consolidation&#039;,
	&#039;subheading&#039; =&gt; &#039;&#039;,
	&#039;description&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;
-Business Standard&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;Conventional subsidy bill of Rs 2.44 lakh crore, or 1.7 per cent of GDP, in 2015-16&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
If lower tax rate is equivalent to subsidising, the National Democratic Alliance government is clearly targeting the &#039;well-off&#039; segment of the population. Unlike the previous years, the Economic Survey 2015-16 has dealt with the issue of subsidy by giving only a box on petroleum subsidies, while devoting a chapter with nine-and-a-half pages to &#039;Bounties for the Well-Off&#039;.&lt;br /&gt;
&lt;br /&gt;
&amp;quot;The Rs 1 lakh crore of subsidy going to the better-off merely on account of six commodities - kerosene, railways, electricity, LPG (liquid petroleum gas), gold and ATF (aviation turbine fuel) - plus the small savings schemes represent a substantial leakage from the government&#039;s kitty and an opportunity foregone to help the truly deserving,&amp;quot; notes the Survey.&lt;br /&gt;
&lt;br /&gt;
The conventional subsidy bill - which includes fertiliser, food and petroleum subsidy - would be Rs 2.44 lakh crore or 1.7 per cent of GDP in 2015-16. &amp;quot;The rationalisation and re-priortisation of subsidies through better targeting would play a vital role in fiscal consolidation and in targeting expenditure towards inclusive development,&amp;quot; says the Survey.&lt;br /&gt;
&lt;br /&gt;
Deregulation of petrol and diesel prices and direct benefit transfer of subsidy to domestic LPG customers, along with the decline in global crude oil prices, helped in containing petroleum subsidy bill at Rs 30,000 crore, compared with Rs 57,769 crore in 2014-15.&lt;br /&gt;
&lt;br /&gt;
Total subsidy bill as a proportion of GDP has been declining since 2012-13 and is expected to be below two per cent of GDP.&lt;br /&gt;
&lt;br /&gt;
For the better-off, the Survey has gone into the details of Public Provident Fund (PPF) scheme and tax-free bonds. While stating that both of these were not actually small saving schemes, it has spelt out the implicit subsidy in PPF at Rs 11,900 crore while that on tax-free bonds at Rs 111 crore. &amp;quot;India should move, in a phased manner, to the EET (exempt, exempt, tax) method of taxation on savings,&amp;quot; the Survey suggests.&lt;br /&gt;
&lt;br /&gt;
In other bounties category, the Survey interestingly takes note of the low tax on gold. It says gold is only taxed at about 1-1.6 per cent, compared with tax of about 26 per cent for normal goods. &amp;quot;There is a huge subsidy of 25 percentage points on gold. About 98 per cent of this subsidy accrues to the better-off.&amp;quot;&lt;br /&gt;
&lt;br /&gt;
Similarly, for electricity, the Survey says given the magnitude of relative power consumption (84 per cent) of the better-off in the total consumption, they appropriate a substantial amount of total subsidy. Among the six commodities, the highest implicit subsidy for the better-off section comes from LPG at Rs 40,151 crore.
&lt;/div&gt;&#039;,
	&#039;credit_writer&#039; =&gt; &#039;Business Standard, 27 February, 2016, http://www.business-standard.com/budget/article/subsidies-plug-subsidy-leaks-to-help-fiscal-consolidation-116022700024_1.html&#039;,
	&#039;article_img&#039; =&gt; &#039;&#039;,
	&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
	&#039;status&#039; =&gt; (int) 1,
	&#039;show_on_home&#039; =&gt; (int) 1,
	&#039;lang&#039; =&gt; &#039;EN&#039;,
	&#039;category_id&#039; =&gt; (int) 16,
	&#039;tag_keyword&#039; =&gt; &#039;&#039;,
	&#039;seo_url&#039; =&gt; &#039;subsidies-plug-subsidy-leaks-to-help-fiscal-consolidation-4678691&#039;,
	&#039;meta_title&#039; =&gt; null,
	&#039;meta_keywords&#039; =&gt; null,
	&#039;meta_description&#039; =&gt; null,
	&#039;noindex&#039; =&gt; (int) 0,
	&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
	&#039;most_visit_section_id&#039; =&gt; null,
	&#039;article_big_img&#039; =&gt; null,
	&#039;liveid&#039; =&gt; (int) 4678691,
	&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;edate&#039; =&gt; &#039;&#039;,
	&#039;tags&#039; =&gt; [
		(int) 0 =&gt; object(Cake\ORM\Entity) {},
		(int) 1 =&gt; object(Cake\ORM\Entity) {},
		(int) 2 =&gt; object(Cake\ORM\Entity) {},
		(int) 3 =&gt; object(Cake\ORM\Entity) {},
		(int) 4 =&gt; object(Cake\ORM\Entity) {},
		(int) 5 =&gt; object(Cake\ORM\Entity) {}
	],
	&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
	&#039;[new]&#039; =&gt; false,
	&#039;[accessible]&#039; =&gt; [
		&#039;*&#039; =&gt; true,
		&#039;id&#039; =&gt; false
	],
	&#039;[dirty]&#039; =&gt; [],
	&#039;[original]&#039; =&gt; [],
	&#039;[virtual]&#039; =&gt; [],
	&#039;[hasErrors]&#039; =&gt; false,
	&#039;[errors]&#039; =&gt; [],
	&#039;[invalid]&#039; =&gt; [],
	&#039;[repository]&#039; =&gt; &#039;Articles&#039;

}
$articleid = (int) 30628
$metaTitle = &#039;LATEST NEWS UPDATES | Subsidies: Plug subsidy leaks to help fiscal consolidation&#039;
$metaKeywords = &#039;Fertilizer Subsidy,Food Subsidy,LPG Subsidy,subsidies,Union Budget,Economic Survey 2015-16&#039;
$metaDesc = &#039;
-Business Standard

Conventional subsidy bill of Rs 2.44 lakh crore, or 1.7 per cent of GDP, in 2015-16

If lower tax rate is equivalent to subsidising, the National Democratic Alliance government is clearly targeting the &#039;well-off&#039; segment of the population. Unlike the...&#039;
$disp = &#039;&lt;div align=&quot;justify&quot;&gt;-Business Standard&lt;br /&gt;&lt;br /&gt;&lt;em&gt;Conventional subsidy bill of Rs 2.44 lakh crore, or 1.7 per cent of GDP, in 2015-16&lt;br /&gt;&lt;/em&gt;&lt;br /&gt;If lower tax rate is equivalent to subsidising, the National Democratic Alliance government is clearly targeting the &#039;well-off&#039; segment of the population. Unlike the previous years, the Economic Survey 2015-16 has dealt with the issue of subsidy by giving only a box on petroleum subsidies, while devoting a chapter with nine-and-a-half pages to &#039;Bounties for the Well-Off&#039;.&lt;br /&gt;&lt;br /&gt;&amp;quot;The Rs 1 lakh crore of subsidy going to the better-off merely on account of six commodities - kerosene, railways, electricity, LPG (liquid petroleum gas), gold and ATF (aviation turbine fuel) - plus the small savings schemes represent a substantial leakage from the government&#039;s kitty and an opportunity foregone to help the truly deserving,&amp;quot; notes the Survey.&lt;br /&gt;&lt;br /&gt;The conventional subsidy bill - which includes fertiliser, food and petroleum subsidy - would be Rs 2.44 lakh crore or 1.7 per cent of GDP in 2015-16. &amp;quot;The rationalisation and re-priortisation of subsidies through better targeting would play a vital role in fiscal consolidation and in targeting expenditure towards inclusive development,&amp;quot; says the Survey.&lt;br /&gt;&lt;br /&gt;Deregulation of petrol and diesel prices and direct benefit transfer of subsidy to domestic LPG customers, along with the decline in global crude oil prices, helped in containing petroleum subsidy bill at Rs 30,000 crore, compared with Rs 57,769 crore in 2014-15.&lt;br /&gt;&lt;br /&gt;Total subsidy bill as a proportion of GDP has been declining since 2012-13 and is expected to be below two per cent of GDP.&lt;br /&gt;&lt;br /&gt;For the better-off, the Survey has gone into the details of Public Provident Fund (PPF) scheme and tax-free bonds. While stating that both of these were not actually small saving schemes, it has spelt out the implicit subsidy in PPF at Rs 11,900 crore while that on tax-free bonds at Rs 111 crore. &amp;quot;India should move, in a phased manner, to the EET (exempt, exempt, tax) method of taxation on savings,&amp;quot; the Survey suggests.&lt;br /&gt;&lt;br /&gt;In other bounties category, the Survey interestingly takes note of the low tax on gold. It says gold is only taxed at about 1-1.6 per cent, compared with tax of about 26 per cent for normal goods. &amp;quot;There is a huge subsidy of 25 percentage points on gold. About 98 per cent of this subsidy accrues to the better-off.&amp;quot;&lt;br /&gt;&lt;br /&gt;Similarly, for electricity, the Survey says given the magnitude of relative power consumption (84 per cent) of the better-off in the total consumption, they appropriate a substantial amount of total subsidy. Among the six commodities, the highest implicit subsidy for the better-off section comes from LPG at Rs 40,151 crore.&lt;/div&gt;&#039;
$lang = &#039;English&#039;
$SITE_URL = &#039;https://im4change.in/&#039;
$site_title = &#039;im4change&#039;
$adminprix = &#039;admin&#039;</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8
Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413
Cake\View\View::_render() - CORE/src/View/View.php, line 1374
Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927
Cake\View\View::render() - CORE/src/View/View.php, line 885
Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126
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</pre></div></pre>latest-news-updates/subsidies-plug-subsidy-leaks-to-help-fiscal-consolidation-4678691.html"/>
    <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/>
    <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css"
          media="all"/>
    <title>LATEST NEWS UPDATES | Subsidies: Plug subsidy leaks to help fiscal consolidation | Im4change.org</title>
    <meta name="description" content="
-Business Standard

Conventional subsidy bill of Rs 2.44 lakh crore, or 1.7 per cent of GDP, in 2015-16

If lower tax rate is equivalent to subsidising, the National Democratic Alliance government is clearly targeting the 'well-off' segment of the population. Unlike the..."/>
    <script src="https://im4change.in/js/jquery-1.10.2.js"></script>
    <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script>
    <script language="javascript" type="text/javascript">

        $(document).ready(function () {
            var img = $("img")[0]; // Get my img elem
            var pic_real_width, pic_real_height;
            $("<img/>") // Make in memory copy of image to avoid css issues
                .attr("src", $(img).attr("src"))
                .load(function () {
                    pic_real_width = this.width;   // Note: $(this).width() will not
                    pic_real_height = this.height; // work for in memory images.
                });
        });
    </script>
    <style type="text/css">
        @media screen {
            div.divFooter {
                display: block;
            }
        }

        @media print {
            .printbutton {
                display: none !important;
            }
        }
    </style>
</head>
<body>
<table cellpadding="0" cellspacing="0" border="0" width="98%" align="center">
    <tr>
        <td class="top_bg">
            <div class="divFooter">
                <img src="https://im4change.in/images/logo1.jpg" height="59" border="0"
                     alt="Resource centre on India's rural distress" style="padding-top:14px;"/>
            </div>

        </td>
    </tr>
    <tr>
        <td id="topspace">&nbsp;</td>
    </tr>

    <tr id="topspace">
        <td>&nbsp;</td>
    </tr>
    <tr>
        <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>

    <tr>
        <td width="100%">
            <h1 class="news_headlines" style="font-style:normal">
                <strong>Subsidies: Plug subsidy leaks to help fiscal consolidation</strong></h1>
        </td>
    </tr>
    <tr>
        <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3">
                <div align="justify">-Business Standard<br /><br /><em>Conventional subsidy bill of Rs 2.44 lakh crore, or 1.7 per cent of GDP, in 2015-16<br /></em><br />If lower tax rate is equivalent to subsidising, the National Democratic Alliance government is clearly targeting the 'well-off' segment of the population. Unlike the previous years, the Economic Survey 2015-16 has dealt with the issue of subsidy by giving only a box on petroleum subsidies, while devoting a chapter with nine-and-a-half pages to 'Bounties for the Well-Off'.<br /><br />&quot;The Rs 1 lakh crore of subsidy going to the better-off merely on account of six commodities - kerosene, railways, electricity, LPG (liquid petroleum gas), gold and ATF (aviation turbine fuel) - plus the small savings schemes represent a substantial leakage from the government's kitty and an opportunity foregone to help the truly deserving,&quot; notes the Survey.<br /><br />The conventional subsidy bill - which includes fertiliser, food and petroleum subsidy - would be Rs 2.44 lakh crore or 1.7 per cent of GDP in 2015-16. &quot;The rationalisation and re-priortisation of subsidies through better targeting would play a vital role in fiscal consolidation and in targeting expenditure towards inclusive development,&quot; says the Survey.<br /><br />Deregulation of petrol and diesel prices and direct benefit transfer of subsidy to domestic LPG customers, along with the decline in global crude oil prices, helped in containing petroleum subsidy bill at Rs 30,000 crore, compared with Rs 57,769 crore in 2014-15.<br /><br />Total subsidy bill as a proportion of GDP has been declining since 2012-13 and is expected to be below two per cent of GDP.<br /><br />For the better-off, the Survey has gone into the details of Public Provident Fund (PPF) scheme and tax-free bonds. While stating that both of these were not actually small saving schemes, it has spelt out the implicit subsidy in PPF at Rs 11,900 crore while that on tax-free bonds at Rs 111 crore. &quot;India should move, in a phased manner, to the EET (exempt, exempt, tax) method of taxation on savings,&quot; the Survey suggests.<br /><br />In other bounties category, the Survey interestingly takes note of the low tax on gold. It says gold is only taxed at about 1-1.6 per cent, compared with tax of about 26 per cent for normal goods. &quot;There is a huge subsidy of 25 percentage points on gold. About 98 per cent of this subsidy accrues to the better-off.&quot;<br /><br />Similarly, for electricity, the Survey says given the magnitude of relative power consumption (84 per cent) of the better-off in the total consumption, they appropriate a substantial amount of total subsidy. Among the six commodities, the highest implicit subsidy for the better-off section comes from LPG at Rs 40,151 crore.</div>               </font>
        </td>
    </tr>
    <tr>
        <td>&nbsp;</td>
    </tr>

    <tr>
        <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>
</table></body>
</html>'

}
$cookies = []
$values = [
	(int) 0 => 'text/html; charset=UTF-8'
]
$name = 'Content-Type'
$first = true
$value = 'text/html; charset=UTF-8'
header - [internal], line ??
Cake\Http\ResponseEmitter::emitHeaders() - CORE/src/Http/ResponseEmitter.php, line 181
Cake\Http\ResponseEmitter::emit() - CORE/src/Http/ResponseEmitter.php, line 55
Cake\Http\Server::emit() - CORE/src/Http/Server.php, line 141
[main] - ROOT/webroot/index.php, line 39

<head>

    <link rel="canonical" href="<?php echo Configure::read('SITE_URL'); ?><?php echo $urlPrefix;?><?php echo $article_current->category->slug; ?>/<?php echo $article_current->seo_url; ?>.html"/>

    <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/>

$viewFile = '/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp'
$dataForView = [
	'article_current' => object(App\Model\Entity\Article) {

		'id' => (int) 30628,
		'title' => 'Subsidies: Plug subsidy leaks to help fiscal consolidation',
		'subheading' => '',
		'description' => '<div align="justify">
-Business Standard<br />
<br />
<em>Conventional subsidy bill of Rs 2.44 lakh crore, or 1.7 per cent of GDP, in 2015-16<br />
</em><br />
If lower tax rate is equivalent to subsidising, the National Democratic Alliance government is clearly targeting the 'well-off' segment of the population. Unlike the previous years, the Economic Survey 2015-16 has dealt with the issue of subsidy by giving only a box on petroleum subsidies, while devoting a chapter with nine-and-a-half pages to 'Bounties for the Well-Off'.<br />
<br />
&quot;The Rs 1 lakh crore of subsidy going to the better-off merely on account of six commodities - kerosene, railways, electricity, LPG (liquid petroleum gas), gold and ATF (aviation turbine fuel) - plus the small savings schemes represent a substantial leakage from the government's kitty and an opportunity foregone to help the truly deserving,&quot; notes the Survey.<br />
<br />
The conventional subsidy bill - which includes fertiliser, food and petroleum subsidy - would be Rs 2.44 lakh crore or 1.7 per cent of GDP in 2015-16. &quot;The rationalisation and re-priortisation of subsidies through better targeting would play a vital role in fiscal consolidation and in targeting expenditure towards inclusive development,&quot; says the Survey.<br />
<br />
Deregulation of petrol and diesel prices and direct benefit transfer of subsidy to domestic LPG customers, along with the decline in global crude oil prices, helped in containing petroleum subsidy bill at Rs 30,000 crore, compared with Rs 57,769 crore in 2014-15.<br />
<br />
Total subsidy bill as a proportion of GDP has been declining since 2012-13 and is expected to be below two per cent of GDP.<br />
<br />
For the better-off, the Survey has gone into the details of Public Provident Fund (PPF) scheme and tax-free bonds. While stating that both of these were not actually small saving schemes, it has spelt out the implicit subsidy in PPF at Rs 11,900 crore while that on tax-free bonds at Rs 111 crore. &quot;India should move, in a phased manner, to the EET (exempt, exempt, tax) method of taxation on savings,&quot; the Survey suggests.<br />
<br />
In other bounties category, the Survey interestingly takes note of the low tax on gold. It says gold is only taxed at about 1-1.6 per cent, compared with tax of about 26 per cent for normal goods. &quot;There is a huge subsidy of 25 percentage points on gold. About 98 per cent of this subsidy accrues to the better-off.&quot;<br />
<br />
Similarly, for electricity, the Survey says given the magnitude of relative power consumption (84 per cent) of the better-off in the total consumption, they appropriate a substantial amount of total subsidy. Among the six commodities, the highest implicit subsidy for the better-off section comes from LPG at Rs 40,151 crore.
</div>',
		'credit_writer' => 'Business Standard, 27 February, 2016, http://www.business-standard.com/budget/article/subsidies-plug-subsidy-leaks-to-help-fiscal-consolidation-116022700024_1.html',
		'article_img' => '',
		'article_img_thumb' => '',
		'status' => (int) 1,
		'show_on_home' => (int) 1,
		'lang' => 'EN',
		'category_id' => (int) 16,
		'tag_keyword' => '',
		'seo_url' => 'subsidies-plug-subsidy-leaks-to-help-fiscal-consolidation-4678691',
		'meta_title' => null,
		'meta_keywords' => null,
		'meta_description' => null,
		'noindex' => (int) 0,
		'publish_date' => object(Cake\I18n\FrozenDate) {},
		'most_visit_section_id' => null,
		'article_big_img' => null,
		'liveid' => (int) 4678691,
		'created' => object(Cake\I18n\FrozenTime) {},
		'modified' => object(Cake\I18n\FrozenTime) {},
		'edate' => '',
		'tags' => [
			[maximum depth reached]
		],
		'category' => object(App\Model\Entity\Category) {},
		'[new]' => false,
		'[accessible]' => [
			[maximum depth reached]
		],
		'[dirty]' => [[maximum depth reached]],
		'[original]' => [[maximum depth reached]],
		'[virtual]' => [[maximum depth reached]],
		'[hasErrors]' => false,
		'[errors]' => [[maximum depth reached]],
		'[invalid]' => [[maximum depth reached]],
		'[repository]' => 'Articles'
	
	},
	'articleid' => (int) 30628,
	'metaTitle' => 'LATEST NEWS UPDATES | Subsidies: Plug subsidy leaks to help fiscal consolidation',
	'metaKeywords' => 'Fertilizer Subsidy,Food Subsidy,LPG Subsidy,subsidies,Union Budget,Economic Survey 2015-16',
	'metaDesc' => '
-Business Standard

Conventional subsidy bill of Rs 2.44 lakh crore, or 1.7 per cent of GDP, in 2015-16

If lower tax rate is equivalent to subsidising, the National Democratic Alliance government is clearly targeting the 'well-off' segment of the population. Unlike the...',
	'disp' => '<div align="justify">-Business Standard<br /><br /><em>Conventional subsidy bill of Rs 2.44 lakh crore, or 1.7 per cent of GDP, in 2015-16<br /></em><br />If lower tax rate is equivalent to subsidising, the National Democratic Alliance government is clearly targeting the 'well-off' segment of the population. Unlike the previous years, the Economic Survey 2015-16 has dealt with the issue of subsidy by giving only a box on petroleum subsidies, while devoting a chapter with nine-and-a-half pages to 'Bounties for the Well-Off'.<br /><br />&quot;The Rs 1 lakh crore of subsidy going to the better-off merely on account of six commodities - kerosene, railways, electricity, LPG (liquid petroleum gas), gold and ATF (aviation turbine fuel) - plus the small savings schemes represent a substantial leakage from the government's kitty and an opportunity foregone to help the truly deserving,&quot; notes the Survey.<br /><br />The conventional subsidy bill - which includes fertiliser, food and petroleum subsidy - would be Rs 2.44 lakh crore or 1.7 per cent of GDP in 2015-16. &quot;The rationalisation and re-priortisation of subsidies through better targeting would play a vital role in fiscal consolidation and in targeting expenditure towards inclusive development,&quot; says the Survey.<br /><br />Deregulation of petrol and diesel prices and direct benefit transfer of subsidy to domestic LPG customers, along with the decline in global crude oil prices, helped in containing petroleum subsidy bill at Rs 30,000 crore, compared with Rs 57,769 crore in 2014-15.<br /><br />Total subsidy bill as a proportion of GDP has been declining since 2012-13 and is expected to be below two per cent of GDP.<br /><br />For the better-off, the Survey has gone into the details of Public Provident Fund (PPF) scheme and tax-free bonds. While stating that both of these were not actually small saving schemes, it has spelt out the implicit subsidy in PPF at Rs 11,900 crore while that on tax-free bonds at Rs 111 crore. &quot;India should move, in a phased manner, to the EET (exempt, exempt, tax) method of taxation on savings,&quot; the Survey suggests.<br /><br />In other bounties category, the Survey interestingly takes note of the low tax on gold. It says gold is only taxed at about 1-1.6 per cent, compared with tax of about 26 per cent for normal goods. &quot;There is a huge subsidy of 25 percentage points on gold. About 98 per cent of this subsidy accrues to the better-off.&quot;<br /><br />Similarly, for electricity, the Survey says given the magnitude of relative power consumption (84 per cent) of the better-off in the total consumption, they appropriate a substantial amount of total subsidy. Among the six commodities, the highest implicit subsidy for the better-off section comes from LPG at Rs 40,151 crore.</div>',
	'lang' => 'English',
	'SITE_URL' => 'https://im4change.in/',
	'site_title' => 'im4change',
	'adminprix' => 'admin'
]
$article_current = object(App\Model\Entity\Article) {

	'id' => (int) 30628,
	'title' => 'Subsidies: Plug subsidy leaks to help fiscal consolidation',
	'subheading' => '',
	'description' => '<div align="justify">
-Business Standard<br />
<br />
<em>Conventional subsidy bill of Rs 2.44 lakh crore, or 1.7 per cent of GDP, in 2015-16<br />
</em><br />
If lower tax rate is equivalent to subsidising, the National Democratic Alliance government is clearly targeting the 'well-off' segment of the population. Unlike the previous years, the Economic Survey 2015-16 has dealt with the issue of subsidy by giving only a box on petroleum subsidies, while devoting a chapter with nine-and-a-half pages to 'Bounties for the Well-Off'.<br />
<br />
&quot;The Rs 1 lakh crore of subsidy going to the better-off merely on account of six commodities - kerosene, railways, electricity, LPG (liquid petroleum gas), gold and ATF (aviation turbine fuel) - plus the small savings schemes represent a substantial leakage from the government's kitty and an opportunity foregone to help the truly deserving,&quot; notes the Survey.<br />
<br />
The conventional subsidy bill - which includes fertiliser, food and petroleum subsidy - would be Rs 2.44 lakh crore or 1.7 per cent of GDP in 2015-16. &quot;The rationalisation and re-priortisation of subsidies through better targeting would play a vital role in fiscal consolidation and in targeting expenditure towards inclusive development,&quot; says the Survey.<br />
<br />
Deregulation of petrol and diesel prices and direct benefit transfer of subsidy to domestic LPG customers, along with the decline in global crude oil prices, helped in containing petroleum subsidy bill at Rs 30,000 crore, compared with Rs 57,769 crore in 2014-15.<br />
<br />
Total subsidy bill as a proportion of GDP has been declining since 2012-13 and is expected to be below two per cent of GDP.<br />
<br />
For the better-off, the Survey has gone into the details of Public Provident Fund (PPF) scheme and tax-free bonds. While stating that both of these were not actually small saving schemes, it has spelt out the implicit subsidy in PPF at Rs 11,900 crore while that on tax-free bonds at Rs 111 crore. &quot;India should move, in a phased manner, to the EET (exempt, exempt, tax) method of taxation on savings,&quot; the Survey suggests.<br />
<br />
In other bounties category, the Survey interestingly takes note of the low tax on gold. It says gold is only taxed at about 1-1.6 per cent, compared with tax of about 26 per cent for normal goods. &quot;There is a huge subsidy of 25 percentage points on gold. About 98 per cent of this subsidy accrues to the better-off.&quot;<br />
<br />
Similarly, for electricity, the Survey says given the magnitude of relative power consumption (84 per cent) of the better-off in the total consumption, they appropriate a substantial amount of total subsidy. Among the six commodities, the highest implicit subsidy for the better-off section comes from LPG at Rs 40,151 crore.
</div>',
	'credit_writer' => 'Business Standard, 27 February, 2016, http://www.business-standard.com/budget/article/subsidies-plug-subsidy-leaks-to-help-fiscal-consolidation-116022700024_1.html',
	'article_img' => '',
	'article_img_thumb' => '',
	'status' => (int) 1,
	'show_on_home' => (int) 1,
	'lang' => 'EN',
	'category_id' => (int) 16,
	'tag_keyword' => '',
	'seo_url' => 'subsidies-plug-subsidy-leaks-to-help-fiscal-consolidation-4678691',
	'meta_title' => null,
	'meta_keywords' => null,
	'meta_description' => null,
	'noindex' => (int) 0,
	'publish_date' => object(Cake\I18n\FrozenDate) {},
	'most_visit_section_id' => null,
	'article_big_img' => null,
	'liveid' => (int) 4678691,
	'created' => object(Cake\I18n\FrozenTime) {},
	'modified' => object(Cake\I18n\FrozenTime) {},
	'edate' => '',
	'tags' => [
		(int) 0 => object(Cake\ORM\Entity) {},
		(int) 1 => object(Cake\ORM\Entity) {},
		(int) 2 => object(Cake\ORM\Entity) {},
		(int) 3 => object(Cake\ORM\Entity) {},
		(int) 4 => object(Cake\ORM\Entity) {},
		(int) 5 => object(Cake\ORM\Entity) {}
	],
	'category' => object(App\Model\Entity\Category) {},
	'[new]' => false,
	'[accessible]' => [
		'*' => true,
		'id' => false
	],
	'[dirty]' => [],
	'[original]' => [],
	'[virtual]' => [],
	'[hasErrors]' => false,
	'[errors]' => [],
	'[invalid]' => [],
	'[repository]' => 'Articles'

}
$articleid = (int) 30628
$metaTitle = 'LATEST NEWS UPDATES | Subsidies: Plug subsidy leaks to help fiscal consolidation'
$metaKeywords = 'Fertilizer Subsidy,Food Subsidy,LPG Subsidy,subsidies,Union Budget,Economic Survey 2015-16'
$metaDesc = '
-Business Standard

Conventional subsidy bill of Rs 2.44 lakh crore, or 1.7 per cent of GDP, in 2015-16

If lower tax rate is equivalent to subsidising, the National Democratic Alliance government is clearly targeting the 'well-off' segment of the population. Unlike the...'
$disp = '<div align="justify">-Business Standard<br /><br /><em>Conventional subsidy bill of Rs 2.44 lakh crore, or 1.7 per cent of GDP, in 2015-16<br /></em><br />If lower tax rate is equivalent to subsidising, the National Democratic Alliance government is clearly targeting the 'well-off' segment of the population. Unlike the previous years, the Economic Survey 2015-16 has dealt with the issue of subsidy by giving only a box on petroleum subsidies, while devoting a chapter with nine-and-a-half pages to 'Bounties for the Well-Off'.<br /><br />&quot;The Rs 1 lakh crore of subsidy going to the better-off merely on account of six commodities - kerosene, railways, electricity, LPG (liquid petroleum gas), gold and ATF (aviation turbine fuel) - plus the small savings schemes represent a substantial leakage from the government's kitty and an opportunity foregone to help the truly deserving,&quot; notes the Survey.<br /><br />The conventional subsidy bill - which includes fertiliser, food and petroleum subsidy - would be Rs 2.44 lakh crore or 1.7 per cent of GDP in 2015-16. &quot;The rationalisation and re-priortisation of subsidies through better targeting would play a vital role in fiscal consolidation and in targeting expenditure towards inclusive development,&quot; says the Survey.<br /><br />Deregulation of petrol and diesel prices and direct benefit transfer of subsidy to domestic LPG customers, along with the decline in global crude oil prices, helped in containing petroleum subsidy bill at Rs 30,000 crore, compared with Rs 57,769 crore in 2014-15.<br /><br />Total subsidy bill as a proportion of GDP has been declining since 2012-13 and is expected to be below two per cent of GDP.<br /><br />For the better-off, the Survey has gone into the details of Public Provident Fund (PPF) scheme and tax-free bonds. While stating that both of these were not actually small saving schemes, it has spelt out the implicit subsidy in PPF at Rs 11,900 crore while that on tax-free bonds at Rs 111 crore. &quot;India should move, in a phased manner, to the EET (exempt, exempt, tax) method of taxation on savings,&quot; the Survey suggests.<br /><br />In other bounties category, the Survey interestingly takes note of the low tax on gold. It says gold is only taxed at about 1-1.6 per cent, compared with tax of about 26 per cent for normal goods. &quot;There is a huge subsidy of 25 percentage points on gold. About 98 per cent of this subsidy accrues to the better-off.&quot;<br /><br />Similarly, for electricity, the Survey says given the magnitude of relative power consumption (84 per cent) of the better-off in the total consumption, they appropriate a substantial amount of total subsidy. Among the six commodities, the highest implicit subsidy for the better-off section comes from LPG at Rs 40,151 crore.</div>'
$lang = 'English'
$SITE_URL = 'https://im4change.in/'
$site_title = 'im4change'
$adminprix = 'admin'

include - APP/Template/Layout/printlayout.ctp, line 8
Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413
Cake\View\View::_render() - CORE/src/View/View.php, line 1374
Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927
Cake\View\View::render() - CORE/src/View/View.php, line 885
Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126
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

Subsidies: Plug subsidy leaks to help fiscal consolidation

-Business Standard Conventional subsidy bill of Rs 2.44 lakh crore, or 1.7 per cent of GDP, in 2015-16 If lower tax rate is equivalent to subsidising, the National Democratic Alliance government is clearly targeting the 'well-off' segment of the population. Unlike the previous years, the Economic Survey 2015-16 has dealt with the issue of subsidy by giving only a box on petroleum subsidies, while devoting a chapter with nine-and-a-half pages to 'Bounties for the Well-Off'. "The Rs 1 lakh crore of subsidy going to the better-off merely on account of six commodities - kerosene, railways, electricity, LPG (liquid petroleum gas), gold and ATF (aviation turbine fuel) - plus the small savings schemes represent a substantial leakage from the government's kitty and an opportunity foregone to help the truly deserving," notes the Survey. The conventional subsidy bill - which includes fertiliser, food and petroleum subsidy - would be Rs 2.44 lakh crore or 1.7 per cent of GDP in 2015-16. "The rationalisation and re-priortisation of subsidies through better targeting would play a vital role in fiscal consolidation and in targeting expenditure towards inclusive development," says the Survey. Deregulation of petrol and diesel prices and direct benefit transfer of subsidy to domestic LPG customers, along with the decline in global crude oil prices, helped in containing petroleum subsidy bill at Rs 30,000 crore, compared with Rs 57,769 crore in 2014-15. Total subsidy bill as a proportion of GDP has been declining since 2012-13 and is expected to be below two per cent of GDP. For the better-off, the Survey has gone into the details of Public Provident Fund (PPF) scheme and tax-free bonds. While stating that both of these were not actually small saving schemes, it has spelt out the implicit subsidy in PPF at Rs 11,900 crore while that on tax-free bonds at Rs 111 crore. "India should move, in a phased manner, to the EET (exempt, exempt, tax) method of taxation on savings," the Survey suggests. In other bounties category, the Survey interestingly takes note of the low tax on gold. It says gold is only taxed at about 1-1.6 per cent, compared with tax of about 26 per cent for normal goods. "There is a huge subsidy of 25 percentage points on gold. About 98 per cent of this subsidy accrues to the better-off." Similarly, for electricity, the Survey says given the magnitude of relative power consumption (84 per cent) of the better-off in the total consumption, they appropriate a substantial amount of total subsidy. Among the six commodities, the highest implicit subsidy for the better-off section comes from LPG at Rs 40,151 crore.