-The Hindu Government, oil companies to work out modalities THIRUVANANTHAPURAM: The CABinet on Wednesday decided to provide subsidy for up to nine cylinders of cooking gas (LPG) a year to all domestic consumers. Chief Minister Oommen Chandy told the media here after the weekly CABinet meeting that the Centre was providing subsidy for six cylinders per household. The State government had earlier decided to extend the subsidy for nine cylinders to people living...
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Still afraid of reform
-The Business Standard CABinet decisions on fertiliser are not enough Of the two fertiliser-related decisions taken by the CABinet Committee on Economic Affairs at its recent meeting, the token hike of Rs 50 per tonne in urea prices is inconsequential, and the new mechanism for subsidising fertiliser is problematic. An increase of less than one per cent in urea prices will do little to bring down the subsidy bill or to reduce...
More »Govt Approves Constitution of 14th Finance Commission
-Outlook The Union CABinet has approved constitution of the 14th Finance Commission to suggest formula for sharing of tax proceeds between Centre and states. The government has cleared setting up of 14th Finance Commission, a senior minister said after meeting of the CABinet here. Former Reserve Bank Governor Y V Reddy is tipped to be the chairman of the Finance Commission, a Constitutional body which is set up every five years. Besides other things,...
More »Government plans Rs.40,000 crore fund for rural development
-IANS The government is planning to set up a Rs.40,000-crore flexi-fund to help states address specific rural development needs. The fund will be available to states from the next financial year till the end of the 12th Five-Year Plan in March 2017. The central government will have a 70 per cent share in the fund. "For the first time, we are putting together a flexi-fund of Rs.40,000 crore that will be available to...
More »It has covered some ground
-The Hindustan Times The big difference within the CABinet over the land acquisition bill revolves around the role of the state. Since land is to be acquired for infrastructure projects - India is relying on the private sector to come up with half the $1 trillion it will need to build ports, highways and power plants in the next five years - positions on either side of the debate are deeply...
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