-CNN-IBN Food Minister KV Thomas has written to Prime Minister Manmohan Singh against LPG cap and diesel price hike. “The decision to raise diesel price as well as to keep number of subsidised cooking cylinder at six a year will not go well with the middle class,” he said in the letter. He said the government should charge only Rs 50 extra for consumers seeking between 7 to 12 LPG cylinders per household...
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Absence of proper mechanism may hit gas cylinder delivery, say distributors -Richa Mishra
-The Hindu Business Line Threaten to stop deliveries if system not in place by month-end The Government may have to take some quick decisions if it wants smooth delivery of domestic LPG cylinders. The All India LPG Distributors’ Federation today said that if the Government and the oil marketing companies fail to come up with a proper enforcement mechanism by the month-end, then effective October 1, the distributors would be left with no...
More »Proposal to deliver subsidy in cash
-The Telegraph The Planning Commission has proposed a slash in fuel and fertiliser subsidies, and subsidy delivery through cash transfer to the beneficiaries’ bank accounts rather than by providing cheaper goods. Commission’s deputy chairperson Montek Singh Ahluwalia said providing food, fuel and fertiliser subsidies through cash transfer would help check leaks — that is, illegal sale of the subsidised goods in the market. Sources suggested that cash transfer was being considered mainly for...
More »Prof. Farzana Afridi, Economics and Planning Unit, Indian Statistical Institute, New Delhi interviewed by Faisal Kidwai
Direct cash transfers or food coupons should be used by the government to provide services to the poor, says Farzana Afridi, Assistant Professor, Economics and Planning Unit, Indian Statistical Institute, New Delhi. Afridi, who obtained her PhD in economics from the University of Michigan, Ann Arbor, and an MA in economics from the Delhi School of Economics, says that although the Mid Day Meal Programme is having a substantial effect, the...
More »subsidy bill may touch 2.4% of GDP: FM
-The Indian Express The subsidy bill in the current financial year is expected to rise to 2.4 per cent of the GDP from 1.9 per cent estimated in the Budget, Finance Minister P Chidambaram said today. "The estimated major subsidies in 2012-13 would be around 2.4 per cent of GDP," he said while intervening in a discussion at the meeting of the Full Planning Commission to approve the 12th Plan draft document. The...
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