Subsidy in India
Fertilizer subsidy is the difference between the retention price of fertilizers and the price at which fertilizers are made available to consumers. The difference is paid to industry as subsidy. Fertilisers, after oil and food, account for the third-biggest share of India’s total subsidy bill, which is estimated at Rs 2.46 crore for 2014-15. The […]
Critically examine the dichotomy of fiscal prudence and quantitative easing in the light of subsidies in a welfare state like India? In your view, how subsidies can be better utilized?
The objectives of the Direct Cash Transfer scheme are noble. The thrust is on transition from the creaky, product-centered subsidies to a system of electronic, direct cash transfers to the needy people. The proponents hail the scheme as a panacea to all current problems. The expectations from this scheme are as follows: There is widespread […]
The government recently said that it plans to appoint an independent agency to assess the price behaviour of crop nutrients after the introduction of nutrient-based subsidy (NBS) scheme in 2010. It’s worth note that there has been unprecedented hike in prices of non-urea fertilisers after the introduction of NBS scheme. The minister of state for […]