Budget 2011-12 marks a sharp retreat of the government from the social and economic sectors. It has cut back expenditures in sectors that matter to common people, especially the poor. On the other hand, it has given huge concessions to the corporate sector in the form of tax cuts and exemptions. Let us take the overall fiscal stance of the budget. The underlying strategy is to reduce its fiscal deficit to...

“To ensure greater cost efficiency, better delivery” Seeking to address the issue of subsidies not reaching the targeted groups, Finance Minister Pranab Mukherjee on Monday proposed to provide a direct cash subsidy on fuel and fertilizers to the poor from March, 2012. “To ensure greater cost efficiency and better delivery of kerosene and fertilizers, the government will move toward direct transfer of cash subsidy for people below poverty line (BPL) in a...

Is the chemical fertilizer-based food production system sustainable? As a result, what happens to the soil and the larger issue of food security? After a raging debate, the government finally decided to hike the chemical Fertilizer subsidy, to catch up with spiralling fertilizer prices in the global market. Also, there is talk about bringing urea under the Nutrient Based Subsidy (NBS) system and decontrolling its prices. Obviously, the fertilizer industry...

The Bhopal Memorial Hospital and Research Centre (BMHRC) has pocketed over Rs 1 crore by allowing pharma companies to conduct clinical trials of drugs on its patients — victims of the gas disaster of 1984. Shockingly, out of the 7 trials carried out in the hospital since 2004, only one was inspected or monitored by the government watchdog Drug Controller General of India (DCGI). This was revealed in response to...

In a bid to check wasteful fuel and fertiliser subsidy and reach it to the intended beneficiaries , the government has set up a task force to suggest a suitable mechanism of direct transfer of subsidy to the consumers. The task force will be headed by Nandan Nilekani , Chairman, Unique Identification Authority of India ( UIDAI )) and has been asked to submit an interim report within four months....