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MERIT SUBSIDIES
Shot of hike as painkiller: India’s economic storm calls for decisive MPC actionIndia's economy faces a perfect storm. The rupee is at historic lows, subsidies are soaring, and fiscal deficit risks are rising. Capital o...- Measures like tax relief, import curbs can shield India from West Asia crisis: ReportIndia must adopt tax moderation and targeted import curbs to boost exports and shield against the West Asia crisis. A report suggests restr...
- Tata Electronics aims to be $30 billion business with fab play: CEO & MD Randhir ThakurTata Electronics is rapidly expanding its semiconductor and electronics manufacturing operations. The company has achieved significant reve...
- What Noida's factory protests mean for India's wage debateFactory workers' protests in Noida have reignited India's minimum wage debate. Rising inflation erodes real wages, impacting workers' purch...
- From AI to subsidies: Bernstein’s candid open letter to PM Modi flags 8 critical fault linesGlobal brokerage Bernstein has cautioned India against becoming a mere user of future technology. The firm suggests that continued reliance...
- RBI flags states' rising subsidies, says will hinder spending on developmentThe central bank has said that the rising expenditure on non-merit subsidies may raise the share of committed expenditure in states' spendi...
- Why distinctions between subsidies for ‘merit goods’ and ‘freebies’ are dubious from economic viewpointSomeone should undertake a comprehensive computation of all subsidies, implicit and explicit, production and consumption. We will get a fig...
- Freebies to continue until political parties and voters mature: Mythili Bhusnurmath“We will never be able to define what a freebie is and what a freebie is not. That has to be decided between the electorate and the politic...
- A fundamental problem of democracies: What constitutes good and bad freebies?Democracy helps countries choose the right priorities. But it can also spur myopic competition in freebies that destroys economies, as in S...
- How GoI, BJP and non-BJP states are recklessly competing on freebiesState governments cannot spend beyond a limit. They have not controlled deficits by cutting down non-merit subsidies. Rather, they keep ann...
- There is no question of state governments in India going the Sri Lanka way: Mythili Bhusnurmath“Non-merit subsidies in the country as a percentage of GDP are growing. Also, there are some states which tend to offer much more by way of...
- States doling out competitive subsidies on brink of fiscal collapse: ReportThe growing culture of doling out subsidies ahead of elections has lately been a topic of public discussion, with NK Singh, chairman of the...
- New govt has to do rethinking on oil subsidy: UR BhatThey have to take these tough decisions and probably they will curb the oil subsidy and probably completely let the prices be determined by...
- I have drawn red lines for Budget 2013: Finance Minister P ChidambaramAsked whether the government would be strong enough to cut fuel subsidies, he said he would not make any "declarations from the pulpit".
- Direct cash transfer scheme: Superior but doesn't tackle questions of beneficiary identificationIf 250 mn of India’s population is BPL and if that amount is directly transferred to poor households, every poor person will get something ...
- Govt must focus on stepping up investment to spur growth, not on reducing fiscal deficitThe larger point is that the fiscal deficit causes macroeconomic imbalance when private sector savings meant for investment are appropriate...
- P Chidambaram is on the right track, he must stay the courseThe toxic chatter around graft has abated, but the government can do lots to make it easier to invest in India.
- Doctor doesn't believe in free doses, party doesIn this season of instant populism, politicians will just not accept that promises to provide cheap rice and free power can't stand for lon...
- Chidambaram rules out cut in subsidies for poorFinance minister P Chidambaram on Tuesday said there was no possibility of the government cutting any subsidies intended for the poor.
- FM stays on CMP trackReplying to the debate on the Budget today in the Lok Sabha, finance minister P Chidambaram further emphasised its umbilical relationship w...
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