-The Times of India Even as the opposition accused the government of tampering with poverty figures, Planning Commission stuck to its stand that poverty had declined by 7.3% between 2004-05 and 2009-10, a period when the Congress-led UPA has been in power. "You can put whatever poverty line you want, the fact is... the decline in poverty is twice the decline in the previous 11 years," Planning Commission deputy chairman Montek Singh...
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Food Bill implementation to entail Rs 1.12 lakh crore subsidy
-PTI Implementation of the National Food Security Bill will entail a subsidy of a whopping Rs 1.12 lakh crore, Food and Consumer Affairs Minister K V Thomas informed the Rajya Sabha today. Food Subsidy as per 1993-94 poverty line and 2000 population census is Rs 88,976 crore and as per the 2011 census it would be Rs 197,096 crore, he said during Question Hour. Additional Food Subsidy burden for 2012-13 is estimated at...
More »Building on Aadhaar
-The Business Standard In Budget, reformers win, NAC loses The consensus opinion that has developed about the 2012-13 Budget presented by Finance Minister Pranab Mukherjee on Friday is that it was unambitious, especially in terms of reworking government spending. It delivered little in terms of a vision for reform, the argument goes, constrained as it was by the spending-hungry allies in the United Progressive Alliance (UPA) and the entitlement-hooked Congress leadership. A...
More »The Food’s Off The Table-Harsh Mander
It is disappointing that the government has not taken any steps to provide for the Food Security Bill, which is in Parliament, in this budget. A significant announcement on it was anticipated this year; that would have been the only way to see it roll out in 2012. Now, I think, the government must be bargaining for legal processes to take over, which we know will take some time, before...
More »Subsidy bill reduction target ‘ambitious’-Aman Malik
The government plans to cut its subsidy bill to under 2% of the gross domestic product (GDP) in 2012-13, finance minister Pranab Mukherjee said in his budget speech on Friday. High crude oil prices and burgeoning fertilizer subsidies, primarily on account of imported non-urea fertilizers, have meant India’s subsidy bill has zoomed to Rs2.16 trillion, or 2.5% of the GDP. Mukherjee has set an ambitious target to reduce this to under 1.75%...
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