Economy
Economic Survey calls for fertiliser subsidy reform
New Delhi : Calling for reform in the fertiliser subsidy system, the government's Economic Survey 2015-16 said on Friday that there is a major need to rationalise fertiliser subsidies and plug leakages in the system.
 
"There is a need to rationalise fertilizer subsidy in an input, crop and region neutral format and minimise diversions," said the Economic Survey 2015-16 authored by Chief Economic Advisor Arvind Subramanian, tabled in parliament.
 
"The disbursal of subsidy on fertilizers should shift to DBT (Direct Benefit Transfer scheme), the benefits of which will be maximised, if all controls (including imports) on the fertilizer industry/outputs are lifted simultaneously," it said.
 
"In the case of Phosphatic and Potassic fertilizer subsidy, with the Nutrient Based Subsidy (NBS) scheme, a fixed amount of subsidy will be given on each grade based on their content," it added.
 
Last month, the agriculture sector sought extension of the DBT scheme for paying out fertiliser subsidies, in line with that in cooking gas and the December decision to start the scheme for kerosene.
 
"We are ready for direct benefit transfer of subsidy to farmers and are prepared to work with the government on this. We will capture the last mile data on customers and farmers and hope that next year onwards direct transfers can start," Fertiliser Association of India director general Satish Chander told reporters here after a pre-Budget meeting with Finance Minister Arun Jaitley.
 
The Economic Survey sharply lowered the economic growth forecast for the current fiscal to the 7-7.75 percent range, from the previously projected 8.1-8.5 percent, mainly because of lower agricultural output due to deficit rainfall.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

User

Not All Market Booms Lead To Bubbles
Just one out of 10 market booms over the past 115 years was followed by a crash
 
Premium Content
Monthly Digital Access

Subscribe

Already A Subscriber?
Login
Yearly Digital+Print Access

Subscribe

Moneylife Magazine Subscriber or MSSN member?
Login

Yearly Subscriber Login

Enter the mail id that you want to use & click on Go. We will send you a link to your email for verficiation
The end of gender is upon us (The Funny Side)
This columnist has a deeply personal announcement to make. After much consideration, I have decided to remain as a male.
 
I know modern society pressures us to declare ourselves transgender, transitioning, transsexual, trans-curious, trans-fat and the like, but I have decided to forgo all that trendy stuff and I hope you will support my decision, as my family comes to terms with the hard truth that dad is a man trapped in a man's body.
 
Have you read the news lately?
 
A father just gave birth to a baby. This was after a man born a woman married a woman born a man. In each case they changed sex but kept a selection of their original parts. You can do this now: doctors have a menu. "I'll take two of those and one of those."
 
This switch-over couple's offspring is going to have a tough time explaining this, said reader Aalia Shan, who sent me an AP report about a mixed-up family in Ecuador. "That's my Dad. He's my Mom. This is my Mom. She's my Dad."
 
"Who wears the trousers in that family," I asked. "This is 2016," Aalia replied. "Everyone wears trousers except the Pope."
 
I threw this odd-but-true news report into the lunch discussion at the local noodle shop. An unmarried young man was intrigued by the concept of partial sex changes. "I have a very strong aesthetic appreciation of the female bust, but have no access to such. Should I get my own?" The general consensus was that he should consider doing so for experimentation's sake but should be prepared to get no work done for weeks afterwards.
 
A colleague said there was a recent case in the US of a woman who gave birth to her own grandchild with help from a doctor. Again the child ends up with the tough job of explaining it: "This is Grandma, she's my Mom. And this is Mommy, she's my sister."
 
A UK reporter said that there had been a huge controversy in his country recently when a woman/man was crowned Miss Transgender UK, but was then disqualified because organizers said he/she was "not transgender enough". Reporters were left with a massive pronoun problem. "If we referred to him/her as either him or her we would be making a judgment, so had to call him/her him/her the whole time," the journalist said. "On the plus side, I get paid by the word."
 
It reminded me of author Sarah Caudwell's books featuring a unisex main character called Hilary.
 
WARNING: If you are on the Internet and want to flirt with a Westerner named Kelly or Ashley or Meredith or Shirley or Vivian or Lynn or Kim or Jocelyn, proceed VERY CAREFULLY until you find out where they are from. "In the US, these names signify young women - in the UK, they signify ancient men," he said.
 
Asia can be tricky too. I know a Sri Lankan man named Sally, a Bangladeshi man named Joy and a Hong Kong girl with possibly the most masculine-sounding name possible in English: He-man.
 
Now if you'll excuse me, I need to go set up a support group for people who are only one gender. Slogan: "Are you male or female? You are not alone."
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

User

We are listening!

Solve the equation and enter in the Captcha field.
  Loading...
Close

To continue


Please
Sign Up or Sign In
with

Email
Close

To continue


Please
Sign Up or Sign In
with

Email

BUY NOW

The Scam
24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
Moneylife Magazine
Fiercely independent and pro-consumer information on personal finance
Stockletters in 3 Flavours
Outstanding research that beats mutual funds year after year
MAS: Complete Online Financial Advisory
(Includes Moneylife Magazine and Lion Stockletter)