-Business Standard Conventional subsidy bill of Rs 2.44 lakh crore, or 1.7 per cent of GDP, in 2015-16 If lower tax rate is equivalent to subsidising, the National Democratic Alliance government is clearly targeting the 'well-off' segment of the population. Unlike the previous years, the Economic Survey 2015-16 has dealt with the issue of subsidy by giving only a box on Petroleum subsidies, while devoting a chapter with nine-and-a-half pages to 'Bounties...
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A Union budget for the village -Himanshu
-The Indian Express Government must address the stress in the rural economy, seen in falling wages and incomes, which could reverse recent progress in rural areas Last year in February, Prime Minister Narendra Modi had exhorted voters to vote for his party in the Delhi assembly election, claiming that his victory in the general election had brought luck to the country. Unfortunately, the voters of urban Delhi were not convinced and...
More »Widening the net beyond the income norm -Abhishek Jain & Shalu Agrawal
-The Hindu Less than 3 per cent of Indians pay income tax and a significant proportion under-reports taxable income. On December 28, 2015, the Ministry of Petroleum and Natural Gas announced the exclusion of high-income households from the LPG subsidy cover. As per the official press release, subsidy would not be available for domestic LPG consumers, if the consumer or his/her spouse had taxable income of more than Rs. 10 lakh for...
More »DBT in kerosene will help in better targeting of subsidy: FinMin
-PTI New Delhi: Direct transfer of kerosene subsidy to the bank accounts of users will help in better targeting of the benefits to those who actually deserve it, the Finance Ministry said today. The government had last night said it will roll out the Direct Benefit Transfer (DBT) scheme for kerosene from April 1 where the users will buy the cooking fuel at market rate but will get financial support directly in...
More »Online payment for LPG refill by year-end -TCA Sharad Raghavan
-The Hindu Describing 2016 as the year of the LPG consumer, Minister of Petroleum and Natural Gas Dharmendra Pradhan said on Friday that online payment facility for LPG refill would be available by the end of the year. “In the three calendar years of 2016, 2017 and 2018, we have set the target for supplying clean fuel to at least 70 per cent of the households.” Single helpline number for gas leaks opened LPG...
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