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: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
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 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

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

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-The Business Standard

Budget underestimates food, fertiliser subsidies

If the projections in the 2013-14 Budget are to be believed, subsidies on food and fertiliser which, along with petroleum subsidy, account for nearly 95 per cent of total subsidies are unlikely to rise..."/>
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-The Business Standard

Budget underestimates food, fertiliser subsidies

If the projections in the 2013-14 Budget are to be believed, subsidies on food and fertiliser which, along with petroleum subsidy, account for nearly 95 per cent of total subsidies are unlikely to rise..." />
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                            <div align="justify">-The Business Standard<br /><br /><em>Budget underestimates food, fertiliser subsidies<br /></em><br />If the projections in the 2013-14 Budget are to be believed, subsidies on food and fertiliser which, along with petroleum subsidy, account for nearly 95 per cent of total subsidies are unlikely to rise much in the next financial year. This prognosis, reflected in an increase of just Rs 5,000 crore in food subsidy allocation and no change in the fertiliser subsidy, is odd; the actual spending is sure to exceed the budgeted level by a wide margin. While the food subsidy is set to inflate substantially next year owing to increased stock accumulation in the governments grain coffers and the possible enactment and implementation of the food security Bill, the fertiliser subsidy is unlikely to come down, given the lack of reforms in the urea sector. The Budget has paid lip service to the food security Bill by setting aside an additional allocation of Rs 10,000 crore for its implementation though it is far from clear where that number, which appears small for the task, came from.<br /><br />That the food subsidy estimate in the Budget is clearly lower than it should be is obvious for other reasons as well. The government has already made known its intention to procure 44 million tonnes of wheat in 2013-14 thats nearly six million tonnes more than last years buyout of over 38 million tonnes, which was itself a record. This, coupled with an increase of Rs 65 in the minimum support price (MSP) of wheat, is bound to bloat the cost of wheat procurement. In the case of rice, too, the total procurement and the procurement prices will likely rise next year, further adding to the subsidy burden. Moreover, the issue prices of both these staple cereals will decline sharply, if the current draft of the food security Bill goes through and supplies of foodgrain to consumers take place at Rs 3 a kg for rice and Rs 2 a kg for wheat.<br /><br />The fertiliser subsidy, too, appears to be a clear case of under-budgeting. The allocation of Rs 65,771 crore in 2013-14 is marginally lower than the current years revised estimate. This is despite the fact that fertiliser subsidies are unlikely to shrink unless either imports or the international price of urea drop significantly both are unlikely. Of course, decontrol of urea is very unlikely in an election year. This does not even take into account the fact that about Rs 14,000 crore of the governments dues to the industry in 2012-13 will likely be carried forward to 2013-14 as has been the case in recent years. Underestimation of subsidies, presumably to project a lower fiscal deficit number, serves little purpose when it is this obvious. The governments credibility on numbers is already in doubt, and this has not improved matters.</div>                                                           
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    <br><a href="http://www.business-standard.com/article/opinion/the-wrong-direction-113030300340_1.html" class="re" target="_blank">The Business Standard, 3 March, 2013, http://www.business-standard.com/article/opinion/the-wrong-direction-113030300340_1.html</a><div class="clear"></div>
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Budget underestimates food, fertiliser subsidies

If the projections in the 2013-14 Budget are to be believed, subsidies on food and fertiliser which, along with petroleum subsidy, account for nearly 95 per cent of total subsidies are unlikely to rise..."/>
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Budget underestimates food, fertiliser subsidies

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                            <div align="justify">-The Business Standard<br /><br /><em>Budget underestimates food, fertiliser subsidies<br /></em><br />If the projections in the 2013-14 Budget are to be believed, subsidies on food and fertiliser which, along with petroleum subsidy, account for nearly 95 per cent of total subsidies are unlikely to rise much in the next financial year. This prognosis, reflected in an increase of just Rs 5,000 crore in food subsidy allocation and no change in the fertiliser subsidy, is odd; the actual spending is sure to exceed the budgeted level by a wide margin. While the food subsidy is set to inflate substantially next year owing to increased stock accumulation in the governments grain coffers and the possible enactment and implementation of the food security Bill, the fertiliser subsidy is unlikely to come down, given the lack of reforms in the urea sector. The Budget has paid lip service to the food security Bill by setting aside an additional allocation of Rs 10,000 crore for its implementation though it is far from clear where that number, which appears small for the task, came from.<br /><br />That the food subsidy estimate in the Budget is clearly lower than it should be is obvious for other reasons as well. The government has already made known its intention to procure 44 million tonnes of wheat in 2013-14 thats nearly six million tonnes more than last years buyout of over 38 million tonnes, which was itself a record. This, coupled with an increase of Rs 65 in the minimum support price (MSP) of wheat, is bound to bloat the cost of wheat procurement. In the case of rice, too, the total procurement and the procurement prices will likely rise next year, further adding to the subsidy burden. Moreover, the issue prices of both these staple cereals will decline sharply, if the current draft of the food security Bill goes through and supplies of foodgrain to consumers take place at Rs 3 a kg for rice and Rs 2 a kg for wheat.<br /><br />The fertiliser subsidy, too, appears to be a clear case of under-budgeting. The allocation of Rs 65,771 crore in 2013-14 is marginally lower than the current years revised estimate. This is despite the fact that fertiliser subsidies are unlikely to shrink unless either imports or the international price of urea drop significantly both are unlikely. Of course, decontrol of urea is very unlikely in an election year. This does not even take into account the fact that about Rs 14,000 crore of the governments dues to the industry in 2012-13 will likely be carried forward to 2013-14 as has been the case in recent years. Underestimation of subsidies, presumably to project a lower fiscal deficit number, serves little purpose when it is this obvious. The governments credibility on numbers is already in doubt, and this has not improved matters.</div>                                                           
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    <br><a href="http://www.business-standard.com/article/opinion/the-wrong-direction-113030300340_1.html" class="re" target="_blank">The Business Standard, 3 March, 2013, http://www.business-standard.com/article/opinion/the-wrong-direction-113030300340_1.html</a><div class="clear"></div>
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-The Business Standard

Budget underestimates food, fertiliser subsidies

If the projections in the 2013-14 Budget are to be believed, subsidies on food and fertiliser which, along with petroleum subsidy, account for nearly 95 per cent of total subsidies are unlikely to rise..."/>
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Budget underestimates food, fertiliser subsidies

If the projections in the 2013-14 Budget are to be believed, subsidies on food and fertiliser which, along with petroleum subsidy, account for nearly 95 per cent of total subsidies are unlikely to rise..." />
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                            <div align="justify">-The Business Standard<br /><br /><em>Budget underestimates food, fertiliser subsidies<br /></em><br />If the projections in the 2013-14 Budget are to be believed, subsidies on food and fertiliser which, along with petroleum subsidy, account for nearly 95 per cent of total subsidies are unlikely to rise much in the next financial year. This prognosis, reflected in an increase of just Rs 5,000 crore in food subsidy allocation and no change in the fertiliser subsidy, is odd; the actual spending is sure to exceed the budgeted level by a wide margin. While the food subsidy is set to inflate substantially next year owing to increased stock accumulation in the governments grain coffers and the possible enactment and implementation of the food security Bill, the fertiliser subsidy is unlikely to come down, given the lack of reforms in the urea sector. The Budget has paid lip service to the food security Bill by setting aside an additional allocation of Rs 10,000 crore for its implementation though it is far from clear where that number, which appears small for the task, came from.<br /><br />That the food subsidy estimate in the Budget is clearly lower than it should be is obvious for other reasons as well. The government has already made known its intention to procure 44 million tonnes of wheat in 2013-14 thats nearly six million tonnes more than last years buyout of over 38 million tonnes, which was itself a record. This, coupled with an increase of Rs 65 in the minimum support price (MSP) of wheat, is bound to bloat the cost of wheat procurement. In the case of rice, too, the total procurement and the procurement prices will likely rise next year, further adding to the subsidy burden. Moreover, the issue prices of both these staple cereals will decline sharply, if the current draft of the food security Bill goes through and supplies of foodgrain to consumers take place at Rs 3 a kg for rice and Rs 2 a kg for wheat.<br /><br />The fertiliser subsidy, too, appears to be a clear case of under-budgeting. The allocation of Rs 65,771 crore in 2013-14 is marginally lower than the current years revised estimate. This is despite the fact that fertiliser subsidies are unlikely to shrink unless either imports or the international price of urea drop significantly both are unlikely. Of course, decontrol of urea is very unlikely in an election year. This does not even take into account the fact that about Rs 14,000 crore of the governments dues to the industry in 2012-13 will likely be carried forward to 2013-14 as has been the case in recent years. Underestimation of subsidies, presumably to project a lower fiscal deficit number, serves little purpose when it is this obvious. The governments credibility on numbers is already in doubt, and this has not improved matters.</div>                                                           
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    <br><a href="http://www.business-standard.com/article/opinion/the-wrong-direction-113030300340_1.html" class="re" target="_blank">The Business Standard, 3 March, 2013, http://www.business-standard.com/article/opinion/the-wrong-direction-113030300340_1.html</a><div class="clear"></div>
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Home हिन्दी

The wrong direction

Published on Mar 4, 2013   Modified on Mar 4, 2013

-The Business Standard Budget underestimates food, fertiliser subsidies If the projections in the 2013-14 Budget are to be believed, subsidies on food and fertiliser which, along with petroleum subsidy, account for nearly 95 per cent of total subsidies are unlikely to rise much in the next financial year. This prognosis, reflected in an increase of just Rs 5,000 crore in food subsidy allocation and no change in the fertiliser subsidy, is odd; the actual spending is sure to exceed the budgeted level by a wide margin. While the food subsidy is set to inflate substantially next year owing to increased stock accumulation in the governments grain coffers and the possible enactment and implementation of the food security Bill, the fertiliser subsidy is unlikely to come down, given the lack of reforms in the urea sector. The Budget has paid lip service to the food security Bill by setting aside an additional allocation of Rs 10,000 crore for its implementation though it is far from clear where that number, which appears small for the task, came from. That the food subsidy estimate in the Budget is clearly lower than it should be is obvious for other reasons as well. The government has already made known its intention to procure 44 million tonnes of wheat in 2013-14 thats nearly six million tonnes more than last years buyout of over 38 million tonnes, which was itself a record. This, coupled with an increase of Rs 65 in the minimum support price (MSP) of wheat, is bound to bloat the cost of wheat procurement. In the case of rice, too, the total procurement and the procurement prices will likely rise next year, further adding to the subsidy burden. Moreover, the issue prices of both these staple cereals will decline sharply, if the current draft of the food security Bill goes through and supplies of foodgrain to consumers take place at Rs 3 a kg for rice and Rs 2 a kg for wheat. The fertiliser subsidy, too, appears to be a clear case of under-budgeting. The allocation of Rs 65,771 crore in 2013-14 is marginally lower than the current years revised estimate. This is despite the fact that fertiliser subsidies are unlikely to shrink unless either imports or the international price of urea drop significantly both are unlikely. Of course, decontrol of urea is very unlikely in an election year. This does not even take into account the fact that about Rs 14,000 crore of the governments dues to the industry in 2012-13 will likely be carried forward to 2013-14 as has been the case in recent years. Underestimation of subsidies, presumably to project a lower fiscal deficit number, serves little purpose when it is this obvious. The governments credibility on numbers is already in doubt, and this has not improved matters.

The Business Standard, 3 March, 2013, http://www.business-standard.com/article/opinion/the-wrong-direction-113030300340_1.html

Tagged with: Fertilizer subsidy subsidies PDS food security bill Food Security PDS

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