-Outlook New Delhi: The future of the flagship scheme providing 20 kilolitres of water to households announced by the former chief Minister Arvind Kejriwal hangs in balance as the Delhi Jal Board is yet to receive the final confirmation for provision of subsidy of Rs 165 Crore for 2014-2015 from Delhi government. "The Board was informed that on the matter pertaining to the provision of subsidy of Rs 165 Crore for the...
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Food subsidy can fill poverty gap, twice-Puja Mehra
-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...
More »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 »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 »Checking a claim
-The Business Standard Making the agriculture growth story sustainable Finance Minister P Chidambaram's claim in his Interim Budget speech of "stellar performance" of the agriculture sector is based on numbers, though it needs to be analysed from different perspectives to get a true picture. There is no doubt that agricultural gross domestic product may grow by 4.6 per cent this year. The past 10 years' average, too, may work out close to...
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