India Subsidy Reforms
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Ahead Of 9 Elections, PM Modi's Subsidy Bill Balloons
Prime Minister Narendra Modi has allowed his subsidy bill to balloon in the lead up to crucial elections, at the risk of breaching his budget deficit goals.
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Goods And Services Tax To Help Push Growth Above 8%, Says IMF: 10 Points
The Goods and Services Tax regime that the government targets to roll out from 1 July could help push India's growth rate to above the eight per cent-mark in the medium term, the International Monetary Fund has said, painting a bright outlook for the Indian economy. Tao Zhang, the IMF's Deputy Managing Director believes India has made significant p...
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Macros Improving, Subsidy Reforms to Continue: Finance Minister Arun Jaitley
Government today said it is committed to pursuing subsidy reforms by efficient targeting of subsidies to the poor and needy while saving the 'scarce financial resources' for infrastructure and development needs.
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What John Kerry, US Secretary of State, is Pushing in New Delhi
US Secretary of State John Kerry has met with Finance Minister Arun Jaitley this morning; he also toured the prestigious Indian Institute of Technology Delhi. His trip will focus on pressing India to drop its opposition to global trade reforms, which the US has described as a test of the country's commitment to economic liberalization.
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Govt says it may raise cap on subsidised cooking gas cylinders
The government has indicated it may roll back a major economic reform introduced in September - a limit of six subsidised cooking gas cylinders per year for households.
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Will government hike sugar prices?
Focused on reducing its subsidy bill, the government will discuss at a Cabinet meeting today whether the price of sugar sold at ration shops can be hiked by a whopping Rs 10 a kg. If approved, it will be the first hike in 10 years. But, huge political opposition and the timing, just before the festival season, will make this a difficult decision to...
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Nitish Kumar takes the lead, drops diesel prices in Bihar
Chief Minister Nitish Kumar has decided to cut local taxes in Bihar to make diesel prices 85 paise cheaper. Last week, in an attempt to reduce fuel subsidies, the centre increased the price of diesel by Rs 5, excluding Value-Added Tax (VAT). The price hike was part of a series of big-bang reforms that included limiting the supply of subsidised cook...
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Ahead Of 9 Elections, PM Modi's Subsidy Bill Balloons
Prime Minister Narendra Modi has allowed his subsidy bill to balloon in the lead up to crucial elections, at the risk of breaching his budget deficit goals.
-
Goods And Services Tax To Help Push Growth Above 8%, Says IMF: 10 Points
The Goods and Services Tax regime that the government targets to roll out from 1 July could help push India's growth rate to above the eight per cent-mark in the medium term, the International Monetary Fund has said, painting a bright outlook for the Indian economy. Tao Zhang, the IMF's Deputy Managing Director believes India has made significant p...
-
Macros Improving, Subsidy Reforms to Continue: Finance Minister Arun Jaitley
Government today said it is committed to pursuing subsidy reforms by efficient targeting of subsidies to the poor and needy while saving the 'scarce financial resources' for infrastructure and development needs.
-
What John Kerry, US Secretary of State, is Pushing in New Delhi
US Secretary of State John Kerry has met with Finance Minister Arun Jaitley this morning; he also toured the prestigious Indian Institute of Technology Delhi. His trip will focus on pressing India to drop its opposition to global trade reforms, which the US has described as a test of the country's commitment to economic liberalization.
-
Govt says it may raise cap on subsidised cooking gas cylinders
The government has indicated it may roll back a major economic reform introduced in September - a limit of six subsidised cooking gas cylinders per year for households.
-
Will government hike sugar prices?
Focused on reducing its subsidy bill, the government will discuss at a Cabinet meeting today whether the price of sugar sold at ration shops can be hiked by a whopping Rs 10 a kg. If approved, it will be the first hike in 10 years. But, huge political opposition and the timing, just before the festival season, will make this a difficult decision to...
-
Nitish Kumar takes the lead, drops diesel prices in Bihar
Chief Minister Nitish Kumar has decided to cut local taxes in Bihar to make diesel prices 85 paise cheaper. Last week, in an attempt to reduce fuel subsidies, the centre increased the price of diesel by Rs 5, excluding Value-Added Tax (VAT). The price hike was part of a series of big-bang reforms that included limiting the supply of subsidised cook...
