By Sanjiv Phansalkar* Direct Benefit Transfer (DBT), a system through which government programs transfer funds directly to bank accounts of beneficiaries, has been hailed as a major intervention that...
It's phasing out subsidies to bring in line with market prices
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India is chasing a dream of development and an idea of wealth that revolves around public policy, banks and a handful of corporations. The idea of wealth and success is pretty well defined in most minds. However, often this idea of wealth and material gain gets mixed with greed and dependency on a system of debt that can often leave a nation in a poorer state, ensuring further exclusion of the impoverished poor.
If a million Indian citizens can give up subsidised LPG cooking fuel connections, then surely a few hundred MPs can give up subsidised cooked food. Government subsidies are meant for those who cannot afford to pay the full price of a service or product. Surely, we MPs can offer to give up this subsidy (or a VVIP privilege if you will) to set right this anomaly.
NEW DELHI — The government on Friday announced it will offer subsidy on diesel, power and seeds to farmers in case of deficient monsoon affecting crops. Agriculture Minister Radha Mohan Singh on Frida...