-Reuters/ Business Today The government aims to cut spending on food and fertiliser subsidies to Rs 3.7 lakh crore ($44.6 billion) in the fiscal year from April, down 26% from this year, two government officials said, to rein in a fiscal deficit that ballooned during the COVID-19 pandemic. Food and fertiliser subsidies alone account for about one-eighth of total budget spending of Rs 39.45 lakh crore this fiscal year, but reductions...
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The Public Distribution System is more than free grains -Dipa Sinha
-Moneycontrol.com The free and subsidised grains are an implicit income transfer to people and ensure basic protection from starvation The distribution of free grains through the Public Distribution System (PDS) under the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) has been one of the main relief measures undertaken by the Indian government in response to the economic distress brought about by the Covid pandemic. From April 2020 until the end of 2022,...
More »Govt liabilities increase to Rs 147 trillion in September-end
-PTI/ The Telegraph Weighted average yield of primary issuances hardened to 7.33 per cent in Q2 FY2023 from 7.23 per cent in Q1 FY2023 New Delhi: The government’s total liabilities increased to Rs 147.19 lakh crore in September-end from Rs 145.72 lakh crore (trillion) at the end of June this fiscal year, according to the latest data on public debt. In percentage terms, it reflects a quarter-on-quarter increase of 1 per cent in...
More »The need to make cancer drugs affordable -Biswajit Dhar and Chetali Rao
-The Hindu With the Rajya Sabha Standing Committee on Health expressing concern over the high cost of cancer treatment, the Government invoking Section 100 of the Patents Act is a way forward The subject of the spiralling costs of cancer medicines and their implications that have frequently been highlighted the world over were dwelled on in a recent report (“Cancer Care Plan and Management”) by the Rajya Sabha’s Standing Committee on Health....
More »People’s Commission Calls for National Fertiliser Policy to Reduce Imports, Strengthen CPSEs
-Newsclick.in There is need to build up self-reliance by nurturing the fertiliser CPSEs, rather than dismantling them through disinvestment and privatisation, read the PCPSPS statement. New Delhi: Amid concerns over global availability and growing demand for fertilisers, as well India’s dependence on urea import, the People's Commission on Public Sector and Public Services (PCPSPS) has called for a national fertiliser policy, consistent with the long-term food security strategy in India. “The national fertiliser...
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