There are reports from all over the country that the recent decision by the government to demonetise currency notes of Rs. 500/- and Rs. 1000/- denomination has affected everyone. However the consequence of this financial measure is lopsided and it will be mainly borne by the farmers, informal sector workers, women and the financially excluded. Please check the links/ urls below this news alert to know everything about demonetisation. Till a few...
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Plucking the low-hanging fruit of agricultural subsidy reform -Pravesh Sharma
-The Indian Express The Centre is pushing and many states are implementing Direct Benefit Transfers – and encountering little political opposition The entire focus on ushering in a direct benefit transfer (DBT) regime for delivering subsidies to the targeted populations has so far centered around cooking gas, and to some extent, on isolated pilot experiments with food subsidy. Agriculture subsidies, especially on inputs other than fertilisers, have largely escaped attention in...
More »No direct cash transfers under revised fertilizer subsidy regime -Gireesh Chandra Prasad
-Livemint.com New system to settle dues to fertilizer firms within a week, record detailed transaction data at time of sale New Delhi: The direct benefits transfer (DBT) scheme for fertilizers that will go on trial in eight districts this month will not entail what its name suggests— the transfer of cash to farmers’ bank accounts. Under the direct transfer of liquefied petroleum gas (LPG) subsidy, customers pay the entire amount for cooking...
More »Govt faces opposition flak in RS over Aadhaar-linked sops
-The Times of India NEW DELHI: Rajya Sabha had to be adjourned thrice in the pre-lunch session on Thursday amid an uproar as the opposition targeted the government, alleging people were being denied essential benefits, including subsidised LPG and pensions, for not having Aadhaar card. MPs from SP, TMC and BJD had given a notice for discussion on the issue and demanded it be taken up when the House assembled in the...
More »Govt strikes out 1.6 cr bogus ration cards, to save Rs. 10,000 cr
-PTI New Delhi: The Government has eliminated 1.6 crore duplicate and bogus ration cards that will help save about Rs 10,000 crore in subsidy bill annually, said Finance Secretary Ashok Lavasa. In addition, the Government has saved Rs 14,872 crore by offering subsidy on cooking gas (LPG) directly to consumers and direct benefit transfer is planned to be extended to 150 schemes by the end of this year, he told PTI here. DBT...
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