Food Subsidies

Jan Dhan may get Modi into Guinness book, but duplicate accounts will burden banks

In the absence of a careful approach, as the RBI highlighted, 7.5 crore zero-balance accounts will become a liability to the system

Jan Dhan plus DBT is a winner; over 3 years, it won't be a back-breaker for banks

In a worst-case scenario, the Jan Dhan Yojana could cost banks or the govt upto Rs 13,500 crore annually. But once more subsidies are moved to direct transfers and bank accounts, it will break even

Indo-US WTO deal buys us time; but we need to reform manufacturing and food subsidies

The Indo-US WTO deal allows us more time to fix our food subsidy issue, but signing the TFA means we have to spruce up our manufacturing sector fast.

India won't back WTO protocol unless food subsidy concerns addressed

India will not support a trade protocol ahead of a July 31 deadline unless concerns about its food subsidies are met, two senior government officials said on Wednesday, a position that threatens to derail a landmark global trade deal. <br />

India refuses to budge on food subsidies at WTO

Chances of a breakthrough in global trade negotiations dimmed as India refused to budge on food subsidies that are an obstacle to an eleventh hour agreement at a WTO summit

Highlights: Chidambaram presents Budget 2013

NEW DELHI (Reuters) - India unveiled a surge in government spending on Thursday, despite expectations of an austerity budget to shore up its finances, imposing new taxes on the rich and large companies to fund a dash for growth ahead of an election due by next year.