-Reuters Subsidy cuts may still fail to impress investors: Experts New Delhi: India may slash its food and fuel Subsidy bill by about $8 billion in next week's budget, two sources said, but despite the impressive headline, the cut is not as radical as free market champions had hoped for in Prime Minister Narendra Modi's first full budget. Most of the 20 per cent cut in the budget for subsidies results from lower...
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Govt not to cut food security programme -Mayank Bhardwaj
-Livemint.com A panel set up by PM Narendra Modi last month urged the govt to lower the number of beneficiaries to 40% from 67% New Delhi: India will not scale down its multi-billion dollar food welfare programme that promises ultra-cheap rice and wheat to most of its people despite a high-level recommendation, a top government source said on Wednesday. A panel set up by Prime Minister Narendra Modi last month urged the...
More »Reforming Food Corporation of India -Himanshu
-Livemint.com A high level committee submitted its report last month on reforming FCI and has suggested widespread changes in not only FCI, but also in NFSA Shanta Kumar is no stranger to the issues confronting the Food Corporation of India (FCI). His first brush with the issues of food security and hunger was in November 2000, when as a minister for food and consumer affairs during the first National Democratic Alliance (NDA)...
More »Direct cash transfers will give spending boost to economy. Crisil explains how -Seetha
-FirstPost.com So we're all familiar with the argument that direct cash transfers (also known as direct benefit transfer or DBT) is a more efficient and cheaper way of delivering subsidies to the poor. Did you also know that this could also give a spending push to the economy? That's what a Crisil Insight report, Cascading cash, catalysing consumption, says, pointing out that an unconditional cash transfer will raise the discretionary spend of...
More »Centre in no hurry to cut PDS cover for poor -Gargi Parsai
-The Hindu Shanta Kumar panel favoured a drastic cut in beneficiaries The Narendra Modi government is not in a hurry to accept the controversial recommendation of the Shanta Kumar panel to cut the public distribution system beneficiaries for subsidised foodgrains to 40 from 67 per cent under the National Food Security Act, highly placed government sources have indicated to The Hindu. With several crucial Assembly elections in the offing this and the next...
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