-The Hindu Which are India's most effective subsidies, the ones that best reach the poor? Chief Economic Advisor Arvind Subramanian devoted considerable space in the Economic Survey released on Friday to subsidies, how much they cost, whom they really go to, and how leaky they are. In terms of cost, the combined Subsidy for rice and wheat clearly accounts for the largest share, a third of India's total Subsidy bill. Please click here...
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Highlights of Economic Survey 2014-15
-Press Information Bureau/ Ministry of Finance Economic Outlook, Prospects and Policy Challenges Macroeconomic fundamentals in 2014-15 have dramatically improved. Highlights are: * Inflation has declined by over 6 percentage points since late 2013. * The current account deficit has declined from a peak of 6.7 percent of GDP (in Q3, 2012-13) to an estimated 1.0 percent in the coming fiscal year. * Foreign portfolio flows have stabilized the rupee, exerting downward pressure on long-term interest...
More »States object to cash transfer of food Subsidy -Sayantan Bera
-Livemint.com Odisha, MP among those saying the move may compromise food security in some of the nation's poorest parts New Delhi: Plans by the centre to initiate cash transfers to poor households under the public distribution system (PDS) may run into trouble, with some states-notably Odisha and Madhya Pradesh-raising objections on the grounds that such a move may compromise food security in some of the poorest parts of the country. The states'...
More »All Central schemes to be under cash transfer scheme from April -Chetan Chauhan
-Hindustan Times The government's fiscal management plan in the budget could see a roadmap on extending the controversial cash transfer schemes from just entitlements to subsidies, a move that could add fuel to the already surcharged atmosphere over the land acquisition bill. The finance ministry has issued instructions to bring all Central schemes having a financial component under the direct benefit transfer (DBT) from April, apparently to plug leakages and to keep...
More »NDA govt moves on food Subsidy rationalization after Delhi debacle -Sayantan Bera
-Livemint.com Cash transfer of PDS benefits would mean limiting MSP operations New Delhi: Undeterred by the humiliating defeat inflicted on it by the populist Aam Aadmi Party (AAP) in the Delhi state assembly polls, the Bharatiya Janata Party-led (BJP-led) government is pressing ahead with efforts to reduce its bill on food subsidies. Please click here to read more. ...
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