-The Business Standard MSP hikes will stoke food inflation The government’s new kharif pricing policy, suggesting a steep 16 to 53 per cent increase in the minimum support prices (MSPs) of various crops, is unlikely to fully satisfy farmers even as it will stoke food inflation and swell the food subsidy bill. Approval of the new prices by the Cabinet Committee on Economic Affairs (CCEA) came on the day that inflation numbers...
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‘Fuel consumption rising mainly due to poor roads'-K Balchand
Amidst the raging politics on petroleum pricing, a report has established that the country was losing Rs. 87,500 crore because of poor roads and tolling systems annually. The figure gains significance against the backdrop of desperate attempts by the Union government to curb the subsidy outgo on petroleum products that puts a drain of about Rs. 1.38 lakh crore on the exchequer. Going by the report, prepared by IIM-Calcutta on behalf of...
More »Delhi govt announces scheme to make city kerosene free
-PTI Aiming to make Delhi the first kerosene free city in the country, Delhi government today announced a scheme under which cash subsidy of Rs 2,000 will be provided to each of the about 1.75 lakh households for obtaining an LPG connection and purchase of a gas stove. The ambitious scheme was announced by Chief Minister Sheila Dikshit while presenting the annual budget for the year 2012-13. An amount of Rs...
More »16-53% increase in kharif MSP by govt may stoke food inflation
-The Economic Times The government has increased the minimum support price (MSP) for the kharif season in a range of 16% to 53% to motivate farmers and compensate for higher input costs but the higher purchase prices could stoke food inflation further. The Committee on Economic Affairs ( CCEA) on Thursday raised the MSP of paddy by Rs 170 per quintal and those of oilseeds like groundnut, sunflower seed and niger seed...
More »Donations made by President under RTI: Delhi high court-Abhinav Garg
-The Times of India The new occupant of Rashtrapati Bhavan will have to be more transparent in making donations. For, the Delhi high court on Thursday, in a significant ruling, held that under the Right to Information Act, every citizen is entitled to know the donations given by the President of India, as these are made out of public funds. "Every citizen is entitled to know as to how the money, which is...
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