-Live Mint Reimbursing schools that reserve 25% seats for underprivileged children may end up costing the govt about Rs.16,000 cr The central government is faced with the prospect of a large bill to pay for the implementation of one of the key elements of the right to education (RTE) legislation-reimbursing private schools that reserved 25% of their seats for underprivileged children-even as the 31 March deadline for most of the law's other...
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LPG cylinders cheaper by Rs 38
-The Telegraph Public sector oil marketing companies yesterday raised the prices of diesel sold to bulk consumers like the railway and defence by Rs 1.20 a litre despite protests in Parliament last week. At the same time, oil companies reduced the price of domestic non-subsidised Cooking Gas by Rs 38 for a 14.2 kg cylinder. Following the revision, Cooking Gas will be sold at Rs 933 a cylinder in Calcutta and neighbouring areas...
More »Hope trumps realism-Paranjoy Guha Thakurta
-The Asian Age Sonia Gandhi’s economic and political ideology may have apparently triumphed over that of Manmohan Singh. The neo-liberal finance minister Palaniappan Chidambaram may be conveying an impression that he’s turned socialist with a vengeance by increasing taxes on the rich in the run-up to the 16th general elections. But the truth is that Mr Chidambaram has made certain assumptions about subsidies, inflation and the expected growth of gross domestic product...
More »LPG subsidy reaching the poor is less
-The Hindu The Economic Survey has said that the proportion of liquefied petroleum gas (LPG) subsidies that goes to the poor, in both rural and urban areas, was low. This finding is bound to provide fuel to the debate on whether the rich should continue to be supplied Cooking Gas at subsidised rate. Making a case for containing subsidies through better targeting, the Survey said the reach of subsidies on LPG “is...
More »Union Budget 2013: Food Bill a promise of the UPA government, says Chidambaram
-NDTV Finance Minister P. Chidambaram has earmarked Rs. 10,000 crore as incremental cost to implement the Food Security Bill, which he described as a promise of the UPA government. A centrepiece of the ruling government's campaign in 2009, the Bill was cleared last month by a parliamentary committee. The Bill says 75 per cent of the rural population and 50 per cent of the poor in urban India - about 800 million people...
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