-The Hindu “Commodities that are primarily consumed by the rich have a low tax rate” India’s rich feed off subsidies worth over Rs. 1 lakh crore a year that are meant for the poor, according to the Economic Survey. And this figure only considers the subsidies on six commodities, two public utilities — the Railways and electricity — and one small savings scheme, the Public Provident Fund. “There are a fair amount of...

-Business Standard Conventional subsidy bill of Rs 2.44 lakh crore, or 1.7 per cent of GDP, in 2015-16 If lower tax rate is equivalent to subsidising, the National Democratic Alliance government is clearly targeting the 'well-off' segment of the population. Unlike the previous years, the Economic Survey 2015-16 has dealt with the issue of subsidy by giving only a box on petroleum subsidies, while devoting a chapter with nine-and-a-half pages to 'Bounties...

-IndiaClimateDialogue.net While over 20% of India’s population has no access to electricity, the richest 40% of the population gets highly subsidised power; the second of a three-part series on the subsidy skew Along with coal mining, electricity is regulated by the state in India and subsidised. electricity tariffs are kept deliberately low for poor households. Unfortunately much of this electricity is allocated in such a way that business and industrial consumers as...

-The Hindu It is only due to the high rates of growth in the services sector that India’s overall economic growth appears robust. The world economy is so hard to predict. In 2008, as the global financial markets plunged into a crisis, high oil prices were considered to be one of the factors that caused it. Today, many fear that the world economy is on the edge of another recession. Guess what...

-PTI More than 5.5 million people die prematurely each year due to air pollution with over half of those deaths occurring in China and India Washington: More than 5.5 million people die prematurely each year due to air pollution with over half of those deaths occurring in China and India, two of the world’s fastest-growing economies, according to a new research. According to scientists from the US, Canada, China and India, who...