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....
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Nilekani to head task force on direct subsidies
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...
More »MoEF clears Bedabahal power project, but there's a catch by Sujay Mehdudia
While Union Power Minister Sushil Kumar Shinde announced on Monday that the Ministry of Environment and Forests (MoEF) had given the green signal for the 4,000-MW Ultra-Mega Power Project (UMPP) at Bedabahal in Orissa, the clearance has come with a catch. The MoEF has imposed “stringent conditions'' for coal mining including scrapping another proposed power project and rejection of mining in a coal block allotted to NTPC Ltd. The UMPP had...
More »Fertiliser subsidy bill likely to go up by Rs 10-15,000 cr by Gireesh Chandra Prasad
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...
More »Robust farm growth to help tame inflation by Zia Haq
Just over a year since it was crippled by a drought, India’s agriculture sector is firing on all cylinders again, a much-needed turnaround that could keep overall growth high and make fighting inflation easier. The country looks set to reap its second-highest harvest of foodgrains in 2010-11, which includes an estimated 81.47 million tonnes of wheat alone, agriculture minister Sharad Pawar said on Wednesday. Apart from cereals, record output in pulses...
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