-The Hindu Providing people with a modest basic income instead of subsidies would save public revenue With oil prices falling, it was perhaps a good time to fade out fuel subsidies. All subsidies are inefficient and distortionary, and most are regressive. The same could be said of costly public works schemes as well. By contrast, the debate on direct benefit transfers has moved into a more sensible phase, with the posturing criticism of...

-Economic and Political Weekly   The runaway growth in states of subsidised solar pumps, which provide quality energy at near-zero marginal cost, can pose a bigger threat of groundwater over-exploitation than free power has done so far. The best way to meet this threat is by paying farmers to "grow" solar power as a remunerative cash crop. Doing so can reduce pressure on aquifers, cut the subsidy burden on electricity companies, reduce...

-IPS News SUNDARBANS: November is the cruelest month for landless families in the Indian Sundarbans, the largest single block of tidal mangrove forest in the world lying primarily in the eastern Indian state of West Bengal. There is little agricultural wage-work to be found, and the village moneylender's loan remains unpaid, its interest mounting. The paddy harvest is a month away, pushing rice prices to an annual high. For those like Namita Bera,...

-Business Standard Restricts scope of life insurance cover to bring down burden on the exchequer The government has started applying exclusion principles to its inclusion scheme, the Pradhan Mantri Jan Dhan Yojana (PMJDY). The life cover of Rs 30,000 announced by Prime Minister Narendra Modi for all those opening a bank account under the scheme will now exclude many. The finance ministry has put several riders for defining one's eligibility for a life...

-The Hindu Business Line   Polyhouse farms yield more than a same-size land holding in this salubrious corner of the country Until a few years ago, monkeys and pigs destroyed everything the farmers grew in the villages around Jubbar Hatti, 25 km from Shimla. Today the same farmers earn big money from growing exotic vegetables like bell capsicum or carnation flowers, but inside a cluster of polyhouses spread across five panchayats in a...