The Empowered Group of Ministers (EGoM) on fertilisers today approved the prices of complex fertilisers for the upcoming financial year 2011-2012. The EGoM, headed by Finance Minister Pranab Mukherjee, approved the prices of di-ammonium phosphate (DAP), muriate of potash (MOP), sulphur and urea for the purposes of its nitrogen component at $580, $390, $180 and $350 per tonne, respectively. These are the prices at which contracting by the industry would be...
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Team Nilekani to shape model for direct susbidy transfer
In a bid to check wasteful fuel and fertiliser subsidy and reach it to the intended beneficiaries , the government has set up a task force to suggest a suitable mechanism of direct transfer of subsidy to the consumers. The task force will be headed by Nandan Nilekani , Chairman, Unique Identification Authority of India ( UIDAI )) and has been asked to submit an interim report within four months....
More »Govt bites the bullet on subsidies by Sanjiv Shankaran
In a reformist move long recommended by various economists and panels, the government has set up a task force to create a way to directly transfer cash to the ultimate beneficiaries of various subsidy schemes, which are, at best, messy and, at worst, ineffective. The task force will be headed by Nandan Nilekani, chairman of the Unique Identification Authority of India. A pilot will be rolled out in the next four...
More »Getting food security right by T Nanda Kumar
The first issue in food security is India’s Hunger index. The Global Hunger Index released by International Food Policy Research Institute (IFPRI) places India 67th in rankings with a score of 24.1, far below China and below Sri Lanka, Pakistan and Nepal. According to FAO, about 25% of world’s undernourished live in India. The proposed Food Security Act is seen as the key instrument of intervention to remedy this situation. The...
More »NGOs hold pre-Budget meeting with Pranab by Aarti Dhar
At present, the government spending on education is about 3.4 percent of GDP ‘It is imperative that the government increase outlays in Sarva Shiksha Abhiyan' A delegation of the People's Budget Initiative met Finance Minister Pranab Mukherjee here on Saturday to demand enhanced resources for the social sector which was crucial for the development of human resource and the nation. Formed in 2006, People's Budget Initiative is a coalition comprising representatives from people's...
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