As the government aims to cut subsidies to less than two per cent of the gross domestic product (GDP) in 2012-13 and 1.75 per cent over the next three years, several analysts believe the subsidy amount on the proposed food security law may not allow it to come into effect or be contained. Planning Commission member Abhijit Sen tells Dilasha Seth various subsidy figures on food security quoted by the...

At the instance of the Supreme Court, the Union government has initiated steps for an out-of-the-court settlement of the controversy arising from non-payment of minimum wages to MGNREGS workers. While admitting the Centre's special leave petition challenging the Karnataka High Court ruling in September for payment of minimum wages to workers under the Mahatma Gandhi National Rural Employment Guarantee Scheme along with arrears, the Supreme Court, however, refused to stay...

The fertiliser ministry is mooting a proposal to raise urea prices by 10%. With this proposed revision, which will have to be endorsed by the Cabinet Committee on Economic Affairs, urea prices will go up from Rs 5,310 per tonne to Rs 5,841 per tonne.  This will help the government to reduce its annual subsidy burden by around Rs 2,000 crore. At present , the annual urea subsidy bill is in...

-The Hindu    “Population aged 60 and above will grow to 17% by 2050” The World Health Organisation (WHO) in partnership with the Union Ministry of Health & Family Welfare has called for greater attention to the aging of India's population, its implications for health policy and for promotion of a society where the elderly can live full, enriching and productive lives. “In India, as all around the world, people are living longer. Undoubtedly...

-The Times of India Milk prices are set to soar yet again. Rising inflation and increase in excise duty on packaging material for milk pouches are likely to make milk dearer by Rs 2 per litre, said R S Sodhi, managing director of Gujarat Co-operative Milk Marketing Federation (GCMMF), which markets Amul milk across the country. While he did not say when the price hike will come into effect, sources said...