-Newsclick.in Petrol and diesel prices have also zoomed, as Modi government rakes in over Rs.3.73 lakh crore as tax. The Central government continues to squeeze millions of Indians by relentlessly raising the prices of essential fuels, such as cooking gas and petrol/diesel. In the past one year, the price of a standard 14.2 kg cylinder of cooking gas (LPG) has been hiked by an incredible Rs.301.75, from Rs.604.63 (average of four metros)...
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It’s time to protect the poor and the migrants from rising edible oil prices
In his Mann ki Baat address to the nation on 30th May, 2021, Prime Minister Shri Narendra Modi appreciated the fact that the farmers received "more than the minimum support price (MSP) for mustard" pertaining to the rabi production. One can easily guess from this statement of the PM that the mustard growers in Haryana (and elsewhere) preferred to sell their produce to private traders in the open market instead...
More »Health first, fiscal prudence later -Abhishek Jain and Karthik Ganesan
-The Hindu The government can balance LPG subsidies and ensure clean fuel consumption in poorer households Subsidised LPG prices have increased by a massive 50% in this financial year alone, consistently capturing headlines. What would be the impact of this in sustaining the gains of the government’s flagship scheme, the Pradhan Mantri Ujjwala Yojana (PMUY)? Since 2016, PMUY has provided LPG connections to 8 million poor households to reduce women’s drudgery and indoor...
More »India to save Rs 35,758 crore on key fuel subsidies -Rajeev Jayaswal
-Hindustan Times As per prevailing international prices, the expected subsidy on kerosene sold through the public distribution system in the current financial year is zero. India is expected to save Rs.35,758 crore on kerosene and cooking gas subsidies this year, which is over 91% of the total budgeted Fuel Subsidy for 2020-21, mainly because of low international oil prices, according to two officials who asked not to be named. As per prevailing international...
More »Prof. Guy Standing, economist at the School Of Oriental and African Studies, University of London, interviewed by Sayantan Bera (Livemint.com)
-Livemint.com In conversation with Guy Standing, economist at the School Of Oriental and African Studies, University of London Neither the Narendra Modi government nor Rahul Gandhi have gotten minimum income scheme right, he says New Delhi: Income support is the big economic idea of the season. While the ruling BJP government announced a limited money transfer scheme targeted at farmers in the recent interim budget, the Congress has proposed to solve the country’s...
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