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Fiscal transparency jacks up ‘expenditure’ numbers in the Union Budget 2021-22

In order to understand why the Union Budget 2021-22 is being termed as ‘transparent’, it has to be read simultaneously with the 15th Finance Commission Main Report for 2021-26. But first, let us discuss about 'Fertilizer Subsidy'. The budget documents for Union Budget 2021-22 show that the spending on ‘Fertilizer Subsidy’ was slashed from Rs. 1,33,947 crore in 2020-21 (revised estimate) to Rs. 79,530 crore in 2021-22 (budget estimate). However, the...

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Govt eyes direct transfer of Fertilizer Subsidy -Dipak K Dash

-The Times of India NEW DELHI: In its bid to disincentivise farmers from excessive use of chemical fertilizers, the government is preparing to move on a long considered proposal for direct cash transfer of the subsidy amount to farmers’ bank accounts. The funds transferred will be used only for buying soil nutrients while two options are being explored to decide the cash subsidy — either by fixing the amount per acre/hectare or...

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A bitter harvest: farmers reap what politicians sow -Jayaraj Sivan

-The Times of India Farmer unrest in Tamil Nadu is a much-debated subject on the eve of the Lok Sabha polls. However, the widespread agrarian distress has been in the making for decades as successive governments have had little understanding of the sector’s problems. Now that elections are here, farmers, who are an influential group in most of the constituencies, are again the focus of political campaigners. “Both the Congress and the...

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Govt's ambitious Fertilizer Subsidy reform plan -R Sree Ram

-Livemint.com Overall, while the government is trying to reform the Fertilizer Subsidy payment mechanism, the challenge is to make sure the new system works before implementation Union minister for chemicals and fertilizers Ananth Kumar’s ambitious plan to clear the Fertilizer Subsidy backlog before the implementation of the direct benefit transfer (DBT) scheme next fiscal year (FY19) has come as surprise to many. The huge subsidy backlog (estimated at Rs35,000 crore as of FY17)...

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No direct cash transfers under revised Fertilizer Subsidy regime -Gireesh Chandra Prasad

-Livemint.com New system to settle dues to fertilizer firms within a week, record detailed transaction data at time of sale New Delhi: The direct benefits transfer (DBT) scheme for fertilizers that will go on trial in eight districts this month will not entail what its name suggests— the transfer of cash to farmers’ bank accounts. Under the direct transfer of liquefied petroleum gas (LPG) subsidy, customers pay the entire amount for cooking...

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