-The Times of India It appears to be one step forward and two steps back for the government in so far as pruning of fuel subsidy bill is concerned. The latest example is the Oil ministry's order asking state-run fuel retailers to supply cooking gas cylinders at subsidized rate to non-domestic consumers such as canteens, medical institutions and mid-day meal kitchens. The order on cooking gas, issued on Tuesday, comes close on...
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Aadhaar: LPG subsidy leaves more questions than answers-Nemmani Sreedhar
-The Hindu Authorities have not come clear on the subsidy money and the time required for processing Hyderabad: The ongoing process of linking Aadhaar card and bank account with LPG gas connections is throwing up questions that defy answers. While the authorities point out that the subsidy money will be credited to the customer’s bank accounts directly, the question as to how much money will be returned and the time required for...
More »No change in global food prices after months of decline, UN agency says
-The United Nations World food prices are steady after three months of decline with increased prices for Oil and fats balancing out lower cereal and sugar prices, the United Nations Food and Agriculture Organization (FAO) today said. FAO’s Food Price Index – which measures monthly changes in international prices of a basket of meat, dairy, cereals, Oils and fats, and sugar – remained at 210 points in January, same as in December. The...
More »Foodgrain Output to Fall by 3.5% Due to Drought
-Outlook Country's foodgrain production is estimated to decline by 3.5 per cent to 250.14 million tonne in 2012-13 crop year as poor rains have hit rice and coarse cereal crops, but the government said the output will be enough to meet the demand. The foodgrain production was a record 259.32 million tonne in 2011-12 crop year (July-June). "We had produced about 260 million tonne foodgrains last year. This year, we have crossed 250...
More »A committee to ‘administer’ a ‘market price’ for gas-Sunjoy Joshi
-The Hindu In his article in The Hindu (editorial page, “Making a mockery of domestic gas pricing,” January 18, 2013, Surya P. Sethi attacks the gas pricing formula proposed by the Rangarajan Committee, curiously enough, for being based on numbers from foreign markets that do not reflect the supply, demand or cost of production in India. I say “curiously” because on the exact opposite side, domestic producers are also pillorying the committee’s...
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