-Business Standard Deflation in manufacturing continues, food inflation picks up Wholesale price index (WPI)-based deflation persisted for a 14th straight month in December, the index dropping 0.7 per cent as compared to one of almost two per cent in November. However, food inflation rose to 8.17 per cent, the steepest in 17 months, from 5.2 per cent. This was on more expensive vegetable and non-vegetarian items, prompting economists to say the Reserve Bank...
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Widening the net beyond the income norm -Abhishek Jain & Shalu Agrawal
-The Hindu Less than 3 per cent of Indians pay income tax and a significant proportion under-reports taxable income. On December 28, 2015, the Ministry of Petroleum and Natural Gas announced the exclusion of high-income households from the LPG subsidy cover. As per the official press release, subsidy would not be available for domestic LPG consumers, if the consumer or his/her spouse had taxable income of more than Rs. 10 lakh for...
More »SC-appointed pollution panel chief on odd-even: It takes political will, we welcome it -Mayura Janwalkar
-The Indian Express It (odd-even policy) is not our cup of tea. But any step taken to decrease the number of vehicles on the road is welcome. Delhi: The Delhi government’s odd-even pollution-control plan was not everyone’s “cup of tea”, but it was a move in the right direction, chairman of the Supreme Court-appointed Environmental Pollution Control Authority (EPCA) Bhure Lal said Tuesday. “It (odd-even policy) is not our cup of tea....
More »SC calls for space on Metro for rich -R Balaji
-The Telegraph New Delhi: The "Mercedes" class left squirming by Delhi's odd-even car rationing today received sympathy from the Supreme Court, which suggested that Metro trains earmark premium seats where the affluent can sit "dignified" at a price. "Mr Kumar, car owners who are coming (to the Delhi Metro), they must get some space to sit," Chief Justice T.S. Thakur told solicitor-general Ranjit Kumar, appearing for the Centre in a case filed...
More »DBT in kerosene will help in better targeting of subsidy: FinMin
-PTI New Delhi: Direct transfer of kerosene subsidy to the bank accounts of users will help in better targeting of the benefits to those who actually deserve it, the Finance Ministry said today. The government had last night said it will roll out the Direct Benefit Transfer (DBT) scheme for kerosene from April 1 where the users will buy the cooking fuel at market rate but will get financial support directly in...
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