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....

In a move aimed at a focussed targeting of subsidies for the country's poor, the government on Monday announced the setting up of an inter-ministerial task force under Unique Identification Authority of India (UIDAI) chairman Nandan Nilekani. It will work out a suitable mechanism to provide direct subsidies on kerosene, cooking gas (LPG) and fertilizers for the intended beneficiaries. In a statement here, the Finance Ministry said the task force was set...

In a reformist move long recommended by various economists and panels, the government has set up a task force to create a way to directly transfer cash to the ultimate beneficiaries of various subsidy schemes, which are, at best, messy and, at worst, ineffective. The task force will be headed by Nandan Nilekani, chairman of the Unique Identification Authority of India. A pilot will be rolled out in the next four...

Agriculture department confirms high pesticide residues THE country’s regulators have failed to check the flow of pesticides into the food chain, suggests a monitoring report of the Department of Agriculture and the Indian Agricultural Research Institute, the country’s premier institute. Fruits, vegetables, poultry and milk are all laced with high pesticide residues —much above the maximum residue limits (MRL) set by the Prevention of Food Adulteration Act of 1954. Samples of...

Despite partial decontrol of two classes of fertilisers from April last year, the total fertiliser subsidy requirement for the fiscal is likely to go up by about Rs 10,000-15,000 crore from the Rs 54,981 crore already provided as fertiliser consumption has shot up due to a good monsoon. Besides, importers of phosphatic and potash fertilisers have recently raised prices in line with rising global prices. The finance ministry is likely to...