An across-the-board increase in petrol, diesel and cooking gas prices is likely by mid-May, immediately after the Budget is passed in Parliament. "There is a lot of pressure on the government from oil companies to increase fuel prices but they been informally told to hold on till the Budget is passed in Parliament," a senior government official told HT. "There may be one small increase in petrol price that is likely to...
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No room for development by TK Rajalakshmi
The housing and houselisting census data do not paint a rosy picture of India in terms of basic amenities for its households. The data on household amenities and assets, released recently by the Office of the Registrar General and Census Commissioner of India, are a stark reminder of the immense disparities that exist in India in terms of basic entitlements such as electricity, sanitation facilities, proper drainage, and clean drinking and...
More »A very crooked line-Prahlad Shekhawat
It is worrying that the Tendulkar method, chosen by the Planning Commission to calculate the poverty line in its latest figures, underestimates the levels of poverty while overestimating poverty reduction. The figures show that 29.8% or 360 million Indians were poor in 2009-10 as compared to 37.2% or 400 million in 2004-05. A poor person has been defined as one who spends R28 per day in urban areas and R22.5...
More »The poverty wars and impossibly low poverty line of India by V Raghunathan
Swaminathan Anklesaria Aiyar (TOI March 25 and ET March 28) has strongly defended the Planning Commission's stance that there is nothing amiss with the poverty line drawn at Rs 22.40 in rural areas and Rs 28.65 in urban areas (down from initial estimates of Rs 32 and Rs 26, respectively). Let us discount the copious tears being shed by various politicians and their parties on this new line of poverty...
More »Subsidy bill reduction target ‘ambitious’-Aman Malik
The government plans to cut its subsidy bill to under 2% of the gross domestic product (GDP) in 2012-13, finance minister Pranab Mukherjee said in his budget speech on Friday. High crude oil prices and burgeoning fertilizer subsidies, primarily on account of imported non-urea fertilizers, have meant India’s subsidy bill has zoomed to Rs2.16 trillion, or 2.5% of the GDP. Mukherjee has set an ambitious target to reduce this to under 1.75%...
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