-Livemint.com World Bank study says giving cash is a more efficient way to ensure social security Last week the government’s chief economic advisor Arvind Subramanian described the direct benefit transfer scheme as a “game changer”. The Pahal scheme, under which Cooking Gas consumers receive subsidy in their bank accounts, is one of the ways the government is trying to improve the efficiency of its welfare programmes using the so-called the JAM...
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Direct cash transfers to cut LPG subsidy by 25%: FM
-The Times of India NEW DELHI: Finance minister Arun Jaitley on Sunday said the direct transfer of Cooking Gas subsidies into the bank accounts of users will help the government cut its subsidy bill by around Rs 12,700 crore, or around a quarter of the funds spent last year. The minister used the successful transition to direct benefit transfer (DBT) system to argue for extending the scheme to other subsidies, something that...
More »Towards a strategy for climate change talks -Montek S Ahluwalia
-Business Standard Nations below a level of per-capita GDP representing a peaking point could be allowed to expand total emissions The world's climate change negotiators will meet again in December in Paris. The good news is that all countries, including developing countries, have agreed to announce their "intended nationally determined contributions" (INDCs). The bad news is that they are nowhere near an agreement on action by individual countries that could limit global...
More »Only 0.35% domestic LPG users gave up subsidy
-PTI Three months after Prime Minister Narendra Modi launched the ‘Give It Up’ campaign, only 0.35 per cent of the domestic LPG consumers have so far given up using subsidised Cooking Gas. At a review meeting chaired by Oil Minister Dharmendra Pradhan last week, it was informed that just over 5.5 lakh out of the 15.3 crore LPG consumers have so far voluntarily surrendered subsidised LPG and started buying the cooking fuel...
More »DBTL enrolment finally stops with 128.7 million beneficiaries -Sudheer Pal Singh
-Business Standard Plugs Rs 5,060 crore of LPG subsidy parked with 21 million, largely fake customers The enrolment of beneficiaries under the ambitious modified Direct Benefits Transfer for LPG (DBTL) scheme has finally stopped at 128.7 million people, oil ministry, data show. This translates into annual subsidy savings for the government to the tune of Rs 5,060 crore at the current prices that was linked to the rest 21.3 million customers. These include...
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