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NON MERIT SUBSIDIES
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...21 Sep, 2022, 11.21 PM IST- 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...18 Aug, 2022, 10.14 AM IST
- 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...10 Aug, 2022, 10.03 PM IST
- 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...28 Jul, 2022, 11.04 PM IST
- 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...27 Jul, 2022, 10.22 AM IST
- Citing Sri Lanka, RBI paper warns of stress building up in states; cautions against freebiesObserving that the slowdown in own tax revenue, a high share of committed expenditure and rising subsidy burdens have stretched state gover...16 Jun, 2022, 11.19 PM IST
- 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...29 Apr, 2022, 10.48 PM IST
- 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...19 May, 2014, 11.32 AM IST
- Hike in LPG and diesel to reduce subsidy bill: UR BhatIf govt have to really do something about the subsidy bill, they have to probably increase diesel prices and cooking gas prices pretty soon.14 May, 2014, 04.50 PM IST
- 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".31 Jan, 2013, 01.35 PM IST
- 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 ...02 Dec, 2012, 10.24 AM IST
- 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...29 Oct, 2012, 12.16 PM IST
- 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.02 Oct, 2012, 07.48 AM IST
- 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...03 May, 2008, 03.49 AM IST
- 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.09 Feb, 2005, 12.17 AM IST
- 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...22 Jul, 2004, 02.07 AM IST
- Multi-pronged strategy on reform agenda suggestedAssocham president Mahendra K Sanghi on Friday proposed a multi-pronged strategy for the new government for carrying forward its reform age...18 Jun, 2004, 12.17 PM IST
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