-The Hindu Union Finance Minister P Chidambaram's estimate for India's 2014-15 food subsidy bill of Rs 1,15,000 crore in the interim budget is more than twice of India's Poverty Gap, or the cost of pushing all households above the poverty line if cash transfers were used instead. The Poverty Gap for India, as per the latest NSSO Consumption Expenditure Survey data available (for the year 2011-12) is Rs. 55,744 crore. A...
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Big car error
-The Business Standard Interim Budget's partiality to sports utility vehicles The interim Budget's decision to cut the excise duty on sports utility vehicles, or SUVs, from 30 per cent to 24 per cent will certainly benefit car makers (they have already reduced their price tags), but it raises some pertinent questions. Last year, while presenting the Budget for 2013-14, Finance Minister P Chidambaram had raised the duty on SUVs from 27 per...
More »Consumers can get LPG cylinders without Aadhaar account: Govt
-PTI New Delhi: Subsidised LPG cylinders can be purchased without having an Aadhaar account, the government informed the Lok Sabha on Friday. A clarification on delinking Aadhaar account from disbursal of subsidised LPG cylinders would be issued within a week, Petroleum and Natural Gas Minister Veerappa Moily said during Question Hour. 'A clarification will be issued within a week,' he said. As far as Direct Benefit Transfer (DBT) is concerned, Cabinet has decided to...
More »National Food Security Act a landmark legislation, says IMF
-PTI WASHINGTON: The International Monetary Fund today described India's National Food Security Act as a landmark legislation which is an important effort to ensure that a majority of the population has access to adequate quantities of food at affordable prices. "The legislation is a landmark, representing the largest food security programme in the world, involving the distribution of subsidised grain to two-thirds of India's population of 1.2 billion," the IMF said in...
More »Whose loo? Why 600 million Indians still defecate in the open-Ierene Francis
-TheAlternative.in Over 600 million Indians have no access to toilets - if you line up the countries where open defecation is practised, India leads and also has more than twice the number as the next 18 countries with no access to toilets. The proportion is worse in rural India - where 68% of rural households don't have their own toilets (Source:NSSO, WHO). Why is open defecation an issue? Open defecation has been linked...
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