-The Hindu The audit has also found substantial systemic problems with the Direct Benefit Transfer in LPG scheme, called Pahal by the government. The Centre claims it would end up saving almost Rs. 22,000 crore in the financial years of 2014-15 and 2015-16 since launching its two-pronged approach on cooking gas subsidy — introducing direct bank transfers of the subsidy and asking better off consumers to voluntarily give up theirs. However, a CAG...

-Business Standard The latest bout of retail inflation was caused by vegetables, but prices of these items are not as worrisome as those of pulses The latest bout of Consumer Price Index (CPI)-based inflation was caused by vegetables, but prices of these items are not as worrisome as those of pulses, which saw a slight moderation in June. Besides, inflation in cereals has been rising modestly, but if not checked this could...

-Business Standard This policy involves providing products and services such as electricity and fertilisers at below-Market prices New Delhi: While much of public discourse in India has tended to focus on expanding the current subsidy regime to help the poor, Vijay Joshi, economist at Oxford University, advocates shifting to a universal basic income, replacing all government subsidies with a single cash transfer to all citizens, providing them with a basic income guarantee. At...

-Hindustan Times New Delhi: The government is readying a new policy framework to rein in the inflationary impact and stabilise the supply of pulses, a widely consumed but scarce food item with economy-wide implications. Three ministries – agriculture, food and finance – and the state-run policy think-tank Niti Aayog are coordinating efforts to frame the new measures that will see the government step in as one of the key importers of pulses. “The...

-The Hindu The Maharashtra government’s decision to promulgate an ordinance this week to exempt farmers from having to mandatorily sell their fruit and vegetable crop at mandis governed by a 1963 law on marketing farm produce, is a bold and laudable step. That Chief Minister Devendra Fadnavis has stood his ground against the powerful lobby of middlemen, who shut shop in protest, is even more commendable. The problem with the present...