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CAG audit nails Centre’s claim on LPG subsidy saving -Josy Joseph and TCA Sharad Raghavan

-The Hindu The audit has also found substantial systemic problems with the Direct Benefit Transfer in LPG scheme, called Pahal by the government. The Centre claims it would end up saving almost Rs. 22,000 crore in the financial years of 2014-15 and 2015-16 since launching its two-pronged approach on cooking gas subsidy — introducing direct bank transfers of the subsidy and asking better off consumers to voluntarily give up theirs. However, a CAG...

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The indirect benefits transfer -Jayati Ghosh

-The Hindu India’s record in collecting taxes has been pathetic, and it is getting worse. The declining rates of direct taxation are an indication of the political choices of the government We now have a peculiar combination in the economic policy of India: a declared attempt at fiscal consolidation, combined with a reluctance to do what it takes to raise tax revenues. This unfortunate juxtaposition has meant a squeeze on Central government...

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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...

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Midday meals to lose gas cushion -Basant Kumar Mohanty

-The Telegraph New Delhi: The Centre has decided to stop reimbursing states for the unsubsidised cooking gas cylinders they are forced to buy for the school midday meal scheme. A food security adviser expressed the fear that the Centre's decision may force states to fall back on firewood. But a former member of the National Advisory Council backed the decision, saying states should make use of the additional money they were getting...

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