-The Indian Express Mumbai: Even as Prime Minister Narendra Modi announced Friday that his government won't cut subsidies for the poor, it has now come to light that the BJP-Shiv Sena government in Maharashtra has already silently discontinued the food subsidy for nearly 2 crore people in the state. According to sources, the Devendra Fadnavis government has decided to discontinue supply of subsidised food grains to 1.77 crore people who were...
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PM Modi vows rapid change, unveils reforms agenda
-The Times of India NEW DELHI: Prime Minister NarendraModi on Friday vowed to push through change at a fast pace but said subsidies should be continued to protect the interests of the poor. Addressing the Economic Times Global Business Summit, the PM struck an optimistic note to say, "The New Age India has begun its transition, from a winter of subdued achievement lasting three to five years, to a new spring that...
More »An uncertain Hobbesian life -Feroze Varun Gandhi
-The Hindu India's small farmers have been struggling for centuries now and they need social and governmental action to change their future Of India's 121 million agricultural holdings, 99 million are with small and marginal farmers, with a land share of just 44 per cent and a farmer population share of 87 per cent. With multiple cropping prevalent, such farmers account for 70 per cent of all vegetables and 52 per cent...
More »Decoding the oil price fall -Raghuvir Srinivasan
-The Hindu Year 2015 will be crucial as shale oil firms begin to feel the pinch of low prices Are falling oil prices good or bad for the global economy? And how do they work for India? Till recently these questions were no-brainers. Cheaper oil is obviously good for the global economy; for an energy-intensive economy such as India's, which also depends on imported oil for meeting four-fifths of its needs, a...
More »‘Rising PDS theft reached Rs 48,000 cr in FY12’ -Sunil Jain
-The Indian Express Thefts from the public distribution system (PDS) are consistently rising and, according to the latest data for FY12, were a little over Rs 48,000 crore - or roughly the same as the median loss estimated by the CAG for the telecom scam of 2008. Just that unlike the 2G scam, the PDS theft happens every year. And its value rises as the costs of wheat and rice go up...
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