The National Rural Employment Guarantee Scheme (NREGS) has had an unintended side effect: a record rise in the consumption of Indian Made Foreign Liquor (IMFL) among poor rural families, all thanks to the unprecedented sums of money that the scheme placed in their hands. And the politico-realtor lobby’s record bids for the two-year liquor licences across AP on Monday appears to be in the hope of reaping a bumper harvest...
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Fertiliser subsidy cut in the offing as import prices nosedive by Prabha Jagannathan
THE Centre could make changes to the new Nutrient-based Subsidy (NBS) for fertilisers, as part of a concerted move to prune its subsidy bill after global prices of fertiliser nosedived recently. Under the NBS, subsidies for nutrients are currently fixed for a whole year but could now be reviewed every six months to take into account changes, especially price drops, in import prices. The Union Cabinet, while approving the NBS...
More »Fertiliser sector reforms will attract fresh investments
The fertiliser sector in India has been through difficult times in recent years. Stagnant production, no fresh investment and poor financial health of the units were accompanied by high level of import, imbalanced use of nutrients and deteriorating soil health. Mounting subsidy bill posed a serious fiscal management problem to the government. Industry has been pursuing with the government for appropriate reforms to ensure health and growth for both the...
More »Medicines bought in bulk by govt can help cut costs by Subodh Varma
By spending just Rs 6,000 crore, the government can make a huge dent in the treatment of all sick people across the whole country — currently, people are spending as much as Rs 25,000 crore on buying essential medicines. This was the strong message sent out from a National Consultation organized by several civil society groups at New Delhi on Tuesday. Officials of the health ministry and the Planning Commission...
More »Conference to discuss impact of de-controlled fertilizers by Gargi Parsai
As the de-controlled fertilizer regime comes into play from April 1, the Centre has asked the States to take steps to ensure that stocks and the Maximum Retail Price (MRP) of fertilizers are clearly displayed for the benefit of farmers. The States have also been asked to keep a strict vigil on “smuggling of fertilizers across the international border and deal sternly with diversion of fertilizers to non-agricultural uses.” This, and...
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