-The Times of India NEW DELHI: When finance minister P Chidambaram presents his first interim budget on Monday, he is expected to devote a significant chunk of his speech - which may be between 12 and 18 pages - to UPA government's spending on social sector schemes, especially health, education and rural development. But what is probably going to slip through is the fact that these sectors actually witnessed a comparatively...
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Govt Pegs Subsidy Bill Marginally Higher at Rs 2,46,397 Cr
-Outlook As government seeks to roll out the food law, Finance Minister P Chidambaram today sought to raise total subsidies on fuel, food and fertilisers marginally to over Rs 2.46 lakh crore in the 2014-15 fiscal. Government has increased the food subsidy by a whopping Rs 23,000 crore to Rs 1,15,000 crore for 2014-15 fiscal mainly for implementation of the National Food Security law. According to the interim Budget proposals, subsidy bill on...
More »The politics of particles -Sunita Narain
-The Business Standard Chulhas - cook stoves of poor women who collect sticks, twigs, leaves and every other biomass material they can find to cook meals - are today at the centre of failing international action. The concern is that women are breathing toxic emissions from the stove and that these same emissions are also adding to the world's climate change burden. The Global Burden of Disease Study 2010 established that...
More »Govt decides to raise LPG cap after Rahul cue
-The Times of India NEW DELHI: The government on Friday decided to raise the annual cap on the number of subsidized cylinders per household to 12 from nine after Congress vice-president Rahul Gandhi gave a cue at the AICC session, saying the present ceiling was inadequate for households. Confirming that the cap would be raised, oil minister M Veerappa Moily told reporters that a proposal would be taken to the Cabinet shortly....
More »‘Convenient accounting’ of subsidies to hit new Govt-Puja Mehra
-The Hindu Move to push this year's expenditure to next fiscal is intended to keep the fiscal deficit within target The Finance Minister of the next government post-elections will have to pay the price for the United Progressive Alliance's (UPA) subsidy and social spend. The Finance Ministry plans to book in next financial year, 2014-15, the expenditure that will be incurred on subsidies during the remaining months of the current fiscal (January-March). ...
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