-The Hindu At present, the subsidy is paid to urea producers and importers, not farmers. Consensus continues to elude the Centre on the politically sensitive reform of the urea sector, where it has accumulated an unpaid subsidy bill of Rs. 40,000 crore. Prime Minister Narendra Modi presided over a meeting of senior Ministers and officials last Tuesday, which discussed if the subsidy could be provided directly to farmers through the direct benefit transfer...

-The Times of India NEW DELHI: Finance minister Arun Jaitley on Sunday said the direct transfer of cooking gas subsidies into the bank accounts of users will help the government cut its subsidy bill by around Rs 12,700 crore, or around a quarter of the funds spent last year. The minister used the successful transition to direct benefit transfer (DBT) system to argue for extending the scheme to other subsidies, something that...

-The Hindu Business Line Finance Minister meets bankers to set targets To promote very small businesses, the Centre aims to facilitate credit up to ₹1 lakh crore under the MUDRA scheme in the current fiscal. According to a senior government official, the credit facility issue was discussed at a meeting between the Finance Minister and bankers recently. It was proposed that for the current fiscal, the target under ‘Shishu’ category would be ₹40,000 crore,...

-The Hindu Two years after vociferously arguing for an expansion of the provisions of the National Food Security Act, the BJP in government is bleeding it with a thousand cuts, both fiscal and otherwise When Parliament passed the National Food Security Act (NFSA) in 2013, it had already become one of the most debated pieces of legislation in decades. Those for and against it had fought it out across yards of space...

-PTI Three months after Prime Minister Narendra Modi launched the ‘Give It Up’ campaign, only 0.35 per cent of the domestic LPG consumers have so far given up using subsidised cooking gas. At a review meeting chaired by Oil Minister Dharmendra Pradhan last week, it was informed that just over 5.5 lakh out of the 15.3 crore LPG consumers have so far voluntarily surrendered subsidised LPG and started buying the cooking fuel...