The UPA 2 government might have concealed the failures of many years by coming up with a Bill that assures food to all. The actual picture, however, is quite distinct. In case this had been such an easy and advantageous scheme, the administrators would not have delayed this for decades. Plus, what else could a human expect? Food is now almost guaranteed. However, producing, procuring, distributing, and managing foodgrains call in for labors and outlays. Thus, the scheme might look too lucrative; execution of this would demand sweats. Remember, procuring food for two third population of India at excessively cheap rates, and that too when the upcoming monsoon does not promise proper yields would be one of the most threatening tasks for the new government at the center. Though, the implementation of the scheme would call in for elevated pains, the new government now cannot even back out.
This isn’t all. Ever since the democracy witnessed government elected by the people, products and industries have been subsidized. Ranging from fuel to food and education to health, subsidies are a part of every other domain. The motive is to ensure that the general public can procure basic necessities at manageable rates. On the contrary, the World Bank criticized the subsidy culture of India and commented that this has enhanced the incompetence of the Indian economy. The union government of India funds almost USD 60 billion from the revenue generated to the subsidy programmes. Realizing the adverse impact of subsidies, the chairman of PM’s Advisory Council advocated trimming down of fuel and fertilizers subsidies so as to maintain fiscal deficit within the budgeted level. The new government post the 16th will have to consider all the pros and cons of the ever-high and vague subsidy system.
Considerable to note, subsidies on non-merit goods are five times more than subsidies on merit goods, which depicts the wrong measures and directions of the subsidy regime. Amongst the merit goods are the construction of bridges and roads, followed by scientific research and education. Agriculture is the main constituent of the non-merit subsidy rule. The element to note is that in case of electricity, the per capita subsidy in richer states is substantially higher as compared to poorer states. Let us now notice what is eating up the state’s money. The most vital explicit subsidies that form a part of union government’s budget are the food and fertilizers subsidies. During 1974-75 subsidies on food accounted for almost 70 percent of the total expenditure on subsidies, which fell to 20 percent during 1990-91; however elevated to 40 percent during 1995-96. Export subsidies too are another key component.
Next, let us also take a sneak peak at the much highlighted programme, MGNREGA, with more than USD 25 billion spent as wage payments until now. Promising earning prospects for the residents of the rural areas, the scheme was devised with a view to promoting labor work. While the world is talking about technological advancements, this scheme is a reverse model. Above all, the projects are charged with severe misappropriation of funds. Plus, the outlays on this scheme have contributed towards the hike in the labor cost for private and agricultural projects. Inflation, too has mounted owing to the fact that the spending capacity has multiplied. Rather than improving the productivity, the scheme feeds people with ready food. The new government will have to rethink this project and come up with some control measures to curb deviations from the anticipated outcomes. Comprehensive streamlining of MGNREGA is much-needed for the real betterment of economy.
Are the state welfare schemes and subsidy programmes beneficial in real terms? A clear distinction is necessary between subsidies that are unsoundly eating up the government’s money (for instance excessive food subsidy) and those which are assisting the economy (for instance export subsidy). Plus, it must to be comprehended that state welfare programmes move money into the hands of those who are unproductive, rather than encouraging the entrepreneurs. This creates a gap between production that lessens due to unavailability of funds and consumption that upsurges due to grants. The gap becomes wider when the unemployed are assured of supply of necessities, which in turn demotivates them to work. Also, what can be expected out of direct money transfer? Rather than utilizing, the beneficiaries are vulnerable to spend the cash received on immoral activities. Restructuring of the subsidy regime is therefore the urgent need of the hour. Surely, the anticipated disaster of the UPA is backed by extensive mismanagement that resulted in unjustifiable rise of prices and wages.
Hello,that is a good post.Thanks for sharing!
So good post,we have learned more on it.Thanks!
Very interesting topic, thank you for putting up.
Hello! Someone in my Facebook group shared this site with us so I came to give it a look.
I’m definitely loving the information. I’m book-marking and
will be tweeting this to my followers! Exceptional blog
and brilliant design and style.
Some genuinely select content on this website , saved to favorites .
Please check out the web-sites we adhere to, such as this 1, as it represents our picks from the web.
Hey there I am so happy I found your webpage,
I really found you by error, while I was searching on Yahoo for something else, Nonetheless I
am here now and would just like to say cheers for a incredible post and a all round exciting blog (I also love the theme/design),
I don’t have time to read through it all at the minute but I have book-marked it and also added in your RSS feeds, so when I have time I will be back to read much more, Please
do keep up the superb work.
Hello i am kavin, its my first occasion to commenting anywhere, when i read this paragraph i thought i could also create comment due to this brilliant article.
Hi,That nice post Tks
Fantastic web site. A lot of helpful info here. I am sending it to some buddies ans additionally sharing in delicious. And of course, thank you for your sweat!
Very quickly this website will be famous amid
all blog people, due to it’s fastidious
articles or reviews
Whats up very cool blog!! Man .. Excellent .. Wonderful .. I’ll bookmark your site and take the feeds also…I’m happy to seek out so many helpful info right here within the put up, we need develop extra techniques in this regard, thanks for sharing.
Thanks for helping out, wonderful info .
I just want to say I am just all new to blogging and site-building and absolutely enjoyed this web site.
Likely I want to bookmark your site .
You actually come with amazing writings.
Bless you for sharing your web page.
I just want to mention I am all new to weblog and truly savored this blog site.
Likely I’m want to bookmark your blog .
You actually have terrific articles.
With thanks for sharing with us your web site.
An article of great help and value.
Great blog you’ve got here.. It’s difficult to find high quality writing like yours these days.
I truly appreciate people like you! Take care!!
Good day! I just would like to give you a big thumbs up for your excellent information you have right here on this post.
I will be coming back to your blog for more soon.
Congratulations for all the effort putten in to reach to such explanatory and efficient article.
Complete and relevant. Very accurate.
Article looks great and really inspires me to come back to your website regularly.
I applaud the publications of yours.
A clear and a thought provoking article. Writing at its best.
Congratulations Dr Gupta in the setting up of your attractive, informative and very professional website.
Well done! Very descriptive article. I enjoyed it a lot. Waiting to see next article soon.
Hello my friend! I wish to say that this article is amazing,
nice written and come with approximately all important infos. I would like to see more posts like this .
Hi,That nice post Thanks
Your write-up is very informatory hope you are sure with credentials of the matter!
I should be leaving this one liner for your hard work “Great knowledge and good command over writing. Long way to go!”
Hello thеrе! I could have sworn I’ve been to your blog befoгe but after browsing through a few of the posts I realized it’ѕ neѡ to me.
Regardless, I’m certainly haƿpy I ѕtumbled upon it anԀ I’ll be book-marking it and checking back rеgularly!
This is undoubtedly the most clean and clear form of writing that have seen so far. Congrats to attain this level.
I commend you for your excellent writing. A well researched one!
I am highly impressed with the think tank that you possess.
I wonder how 1 man can have so much of knowledge
Hurrah, that’s what I was seeking for, what a material! present here at this web site, thanks Dr gupta for this post.
Way cool! Some extremely valid points! I appreciate you writing this post plus the rest of the website is really good.
Great article. I’m facing some of these issues as well..
A powerful piece of writing. Very inspirational.
I can not wait to read much more from you. This is really a tremendous site.
I really like what you’ve acquired here, really like what you’
re saying and the way in which you say it.
You make it enjoyable and you still care for to keep it smart.
Excellent goods from you, man. I have understand your stuff previous too and you’re just too magnificent.
Hi there! This article could not be written any better!
I’m very happy I found this in my hunt for something relating to this.
Rarely do I come across a blog that’s both educative and amusing, and without a doubt, you’ve hit the nail on the head.
Oh my goodness! Incredible article dude! Thank you
I quite like reading an article that can make men and women think.
Also, thank you for permitting me to comment!
Thanks for sharing such a pleasant thought, post is nice, thats why i have read it entirely
Congratulations on a job done extremely well.
Such well drafted articles are not easily found on web. Cudos.
Very well documented!
Kudos for putting up such an amazing work.
I recently had a good fortune of reading your article it is really well written with updated information. I will be returning here often now.
Thank you for the introduction to the new website.
I’ll be re-visiting it many times, but on a fast run-through it looks really great.
You seem to be blessed with a perfect blend of good vocabulary and good writing. Thoroughly admired your work.
Thank you for informing about this particular subject.
Very informative and helpful
Totally astound by the way you dealt with the issue. Thoroughly enjoyed
The website is bright, clean, quick, easily navigable and all the links seem to work well.
Moreover, the contents here in blog shape is really wonderful.
You are to be commended for your excellent writing skills.Hope to see more of your flawless skills soon.
Just spent a few very enjoyable minutes looking at the site.
Excellent! Well done. Overall very good: clean, easy to navigate, informative and, importantly, interesting.
Hi there to every one, it’s in fact a fastidious for me to go to see this website, it includes important Information.
I like the valuable information you provide in your articles.
I will bookmark your blog and check again here frequently.
I am quite certain I will learn lots of new stuff right here! Best of luck for the next!
I must thank you for the efforts you have put in penning this blog
Just wanted to say how much we appreciate the tremendous amount of hard work and effort you all put in to producing this website.
It is a great credit to everyone and I am sure will be a great success.
wonderful issues altogether, you simply won a emblem new reader.
What may you suggest about your publish that you simply made some days in the past?
Feel free to surf to my web blog :: trey songz new album download free
It was so awesome of you to take out time and express your thoughts on a topic so different.
It’s very straightforward to find out any topic on net as compared to books,
as I found this article at this web site.
Had a look through the site, it looks great and will be a big help in social and economic issues.
It is a nice piece of writing which is rare to find these days.
I don’t even know how I ended up here, however I assumed this publish was great.
I do not recognize who you are however certainly you are going to a well-known blogger in the event you are not already. Cheers!
Keep up the good work!
Very concise but well thought off.
You actually created some respectable aspects right now there. Nice post
The site looks absolutely fantastic! Well done to all involved! Very professional & the navigation is great too. Cheers!
Your article is an impression of your high thinking and great perspective
What a simplest and purest form of reflecting your views on such a difficult topic. Great going.
Your write-up is really amazing and it must reach to most of the people all over the world.
After looking into a handful of the blog articles on your website,
I seriously like your technique of writing a blog.
I added it to my bookmark site list and will be checking back in the near future.
This is a jaw-dropping information.
Well done on your research and presentation.
Your article will surely be a great help to a lot of people.
An outstanding blend of thinking and good writing.
These are in fact enormous ideas in concerning blogging.
You have touched some nice things here. Any way keep up writing.
Very well written. Looking forward for your next informative work.
The structure of the composition is good,buttry to make sure the word order in your sentences is correct.
Usually posts some really fascinating stuff like this. If you are new to this site.