-The New Indian Express She also said in the letter that no fund has been received by either the state government or the farmers. KOLKATA: Mounting pressure on the BJP-led central government for the second consecutive day on Thursday, West Bengal Chief Minister Mamata Banerjee shot a letter to Prime Minister Narendra Modi reminding him of his assurance made during election campaigns on releasing arrears of Rs 18,000 to farmers under the...
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The return of puzzling numbers for India’s GDP growth -Pranjul Bhandari
-Livemint.com The Centre’s plan to pay off food subsidy arrears is likely to distort our GDP readings for multiple years A puzzle of sorts has arisen—again—in India’s official gross domestic product (GDP) estimates. They don’t meet the smell test. Back in 2015, the Central Statistics Office’s practice of using ‘single deflation’ instead of ‘double deflation’ during a period of falling commodity prices had distorted growth prints, as per our analysis. This time, too,...
More »A fiscal crisis: Why FCI needs provisioning in food subsidy budget -Sandip Das
-Down to Earth Mounting expenses, under-provisioning of food subsidy budget leading to a huge debt is highly worrisome A fiscal crisis has been brewing in the last few years. Mounting food subsidy arrears — payable to the Food Corporation of India (FCI) due to ‘under-provisioning’ of food subsidy expenses in successive union budgets — has forced FCI to take loans to finance its operations. FCI is the central agency that manages procurement, storage...
More »Unpaid dues to cane farmers over Rs 15,000 crore: Govt -Shagun Kapil
-Down to Earth Sugar prices had remained depressed, which had affected the liquidity of sugar mills, a govt reply said While the new sugar-crushing season is set to begin from October, the outstanding payment dues to sugarcane farmers across the country stand at Rs 15,683 crore as on September 11, according to a reply given to a question in Parliament on September 15, 2020. Of this, Rs 12,994 crore pertains to crop procured...
More »Punjab to recover Rs 223.75 cr from 7 private sugar mills -Ruchika M Khanna and Rajmeet Singh
-The Tribune Subsidy given even when sugar rates soared after fall in 2015 Chandigarh: The Punjab Government today decided to recover Rs 223.75 crore from seven private sugar mills, most of them owned by politicians. This recovery is to be made as land revenue arrears for the largesse extended to them by the previous SAD-BJP government. A subsidy of Rs 50 per quintal on the State Advised Price (SAP) of Rs 280-Rs 295...
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