-The Hindu The government has constituted one more expert group to re-examine the methodology for fixing a poverty line and estimating the incidence of poverty in the country. Changes in average incomes and Consumption patterns over time may require review and revision of the approach currently in use. However, the last such review of the methodology originally recommended by the Lakdawala committee (1993) was undertaken after more than a decade by...

-The Economic Times The government has no immediate plans to raise the retail prices of diesel, kerosene and cooking gas, Oil Minister S. Jaipal Reddy said on Monday. "I am not touching (the prices of) diesel, LPG (liquefied petroleum gas) or kerosene," Reddy said, adding, no date has yet been fixed for a meeting of a ministerial panel to review the prices of the three subsidised fuels. State-owned oil fuel retailers announced an...

The Planning Commission has distanced itself from the government's decision to appoint a committee to reconsider the way poverty numbers are estimated, indicating a deep divide between the political masters and the technocrats at institution charged with laying down development agenda for the country. On Thursday, Minister for Planning Ashwini Kumar announced a committee under C Rangarajan, chairman of prime minister's economic advisory council, to review the widely criticised poverty estimates released...

Most states now levy greater tax on petrol than the central government, without having to share the subsidy burden. After last week’s increase in prices, state sales tax/VAT on petrol is more than central excise in most cases. The central government levies a fixed excise duty of Rs 14.78 on every litre of petrol. But, states levy an ad valorem tax which, in absolute terms, increases with every price increase of...

-The Telegraph Several states today proposed user charges on rural households for the piped water provided to them but Bengal avoided taking a stand. The Centre supported the idea, proposed by states such as Gujarat, Odisha, Jammu and Kashmir, Bihar and Haryana at a conference of ministers for water supply and sanitation. Most urban households in the country now pay water charges but water has always been a free commodity in the villages....