The long search for an effective system to target subsidies on food, fertiliser and fuel has finally ended with the Planning Commission accepting the idea of an Aadhaar-based rechargeable smart card. Ideas like direct cash transfers and food stamps have been rejected in favour of the Aadhaar smart card. The new proposal can help target the food subsidy with the tamper-proof biometric cards – Aadhaar unique identity cards – being...
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Bid to restrict subsidised LPG use by R Suryamurthy
The government plans to restrict subsidised domestic LPG cylinders to six per household every year. For additional cylinders, consumers will have to pay the market price. Data show 65-70 per cent of households use 5-6 cylinders (14.2 kg) a year, while the remaining use more. In Calcutta, PSU oil marketing firms suffer a loss of Rs 329.73 by selling an LPG cylinder at Rs 365.10. A senior oil ministry official said the proposal...
More »SMEs blame NREGA for labour woes by Saurabh Gupta
Small and medium enterprises (SMEs) have blamed the Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA) for shortage of labour, which has led to increase in input cost of the products and eating into profit margins. "Now a days there is scarcity of labourers by 25 to 30 percent in SMEs. There is a high percentage of unskilled labour, which forms the core of employee recruitment in the local small and...
More »EGoM to discuss proposed Food Bill on Monday
An Empowered Group of Ministers (EGoM) on Food is scheduled to meet on Monday to discuss the proposed National Food Security Bill and take a view on the suggestions made by the Sonia Gandhi-headed National Advisory Council (NAC) and Rangarajan Panel. According to sources, the Food Ministry will place the reports of both the NAC and the Prime Minister’s panel headed by PMEAC chairman C Rangarajan before the EGoM for guidance. The...
More »EGoM to discuss proposed Food Security Bill today
An Empowered Group of Ministers (EGoM) on Food is scheduled to meet today to discuss the proposed National Food Security Bill and take a view on the suggestions made by the Sonia Gandhi-headed National Advisory Council (NAC) and Rangarajan Committee. According to sources, the Food Ministry will place the reports of both the NAC and the Prime Minister's panel headed by PMEAC Chairman C Rangarajan before the EGoM for guidance. The Rangarajan...
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