-The Hindu Business Line The Centre has adopted a pragmatic approach to cooking gas subsidies The reintroduction of the direct benefits transfer scheme for the supply of cooking gas, after its withdrawal in March this year, is a welcome signal that subsidy targeting is back on the policy agenda. Unlike its UPA avatar, cash transfers will now be based on LPG consumers providing their bank account numbers, rather than Aadhaar numbers, to...
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Centre sits on royalty slabs for bio resources, loses Rs 25,000 cr a year -Jay Mazoomdaar
-The Indian Express It took the National Biodiversity Authority (NBA) six years, 18 drafts and a prod from the National Green Tribunal (NGT) to finalise the Guidelines for Access and Benefit Sharing (ABS) this August. Three months on, it is yet to notify the rules that would allow it to collect from domestic and foreign companies 0.1-1 per cent of their ex-factory gross sales of products using biological resources and traditional...
More »Cash transfers can save Rs 30,000 crore per year in food subsidies: Shanta Kumar -Dipak K Dash & Surojit Gupta
-The Times of India NEW DELHI: Conditional cash transfer instead of providing grains at subsidized rates to the poor under the Food Security Act can save at least Rs 30,000 crore annually, said Shanta Kumar, chairman of a panel set up to revamp the state-run Food Corporation of India (FCI). Kumar said linking cash transfer to conditions such as constructing toilets was one of the several options being considered to ensure every...
More »Creating 'Good Jobs': Assessing the Labour Market Regulation Debate -Radhika Kapoor
-Economic and Political Weekly The current regime seeks to reform labour laws with the understanding that these reforms will improve industrial growth and expand the possibilities of enterprise. However, there is already ample evidence from within India that this obsession with reforming labour law, particularly in the way the government has done it till now, will not take us any closer in creating more jobs or a healthy industrial sector. These...
More »Moderate inflation is a passing phase: Economists -Ishan Bakshi
-Business Standard A monsoon deficit is likely to affect the agriculture output, which could have an impact on the food inflation The sharp fall in inflation over the past few months has raised the clamour for interest rate cuts. With the Consumer Price Index (CPI) falling to 5.5 per cent in October from 6.5 per cent a month ago, which is below the central bank's target of six per cent by January...
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