-PTI NEW DELHI: Finance Ministry today agreed to dole out a record Rs 100,000 crore towards diesel and cooking fuel subsidy in 2012-13 but wants pricing formula to be changed from current year to cut down the outgo. Finance Ministry, which had previously given out cash subsidy of Rs 55,000 crore, agreed to give Rs 40,000-45,000 crore more to cover for unmet revenue losses on fuel sale in the fiscal year ending...
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Prof. Abhijit Sen, member-Planning Commission interviewed by Yogima Seth & Madhvi Sally
-The Economic Times The huge delay in bringing the Food Security Bill to Parliament and the massive opposition to it have seen most states going ahead with key provisions of the proposed Bill, Planning Commission member Abhijit Sen tells ET. Sen has doubts whether the bill would be passed in the Monsoon Session of Parliament. Edited excerpts: * Do you think Food Security Bill would be passed in the Monsoon Session? I am not...
More »Support vs procurement
-The Business Standard How to fix the agricultural pricing mess The government's move to get the mandate of the Commission for Agricultural Costs and Prices (CACP) reviewed afresh by an expert panel needs to be viewed in a broader perspective - one that weighs political populism against economic logic. It has been argued that minimum support prices (MSPs) have been raised often - and supposedly partly for political reasons - during the...
More »New drug price regime to alter structure-Ramnath Subbu
-The Hindu The average impact on industry profitability may be around 20 per cent The Indian consumer will benefit under the new Drug Pricing Control Order 2013 (DPCO 2013) which has been notified and will replace the DPCO 1995. The new order will bring 652 drugs under price control and will enable the National Pharmaceutical Pricing Policy 2012 to regulate prices of 348 drugs covered under the National List of Essential Medicines...
More »An Abstract Hunger- Anuradha Raman
-Outlook A govt in credibility crisis wants to see the food security bill through The UPA-II government's flagship programme, the Food Security Bill, which comes with a neat price tag of Rs 1.23 lakh crore, holds the promise of eradicating hunger. If passed, the bill, it is expected, will ensure foodgrain to 67 per cent of the poor. Surely, with elections round the corner, no political party can risk opposing it....
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