SME Times is powered by   
Search News
Just in:   • Modi's April 5 blackout call puts power grid on high alert  • Google Fi doubles data limit to 30GB in US  • Post-COVID, India to recover faster than advanced nations  • RIL aircraft ferries 6,000 PPE kits to Mumbai  • CBDT issues orders to mitigate hardships to taxpayers 
Last updated: 17 Feb, 2020  

Montek.9.Thmb.jpg 'Welfare schemes don't have the effect that they should'

   Top Stories
» Post-COVID, India to recover faster than advanced nations
» Fund set up for MSMEs to tackle COVID-19 effects
» Andhra exports 1,530 MT of aqua products
» Exports of diagnostic kits restricted
» MSMEs need to be treated with special care: CII
SME Times News Bureau | 17 Jan, 2020

Former Deputy Chairman of the now-defunct Planning Commission Montek Singh Ahluwalia on Monday said that many welfare schemes of the government needed to be reviewed to assess their reach and efficacy.

"We need to review many welfare schemes we have put in place supposedly to help the poor, but which don't have the effect that they should," Ahluwalia said.

Be it the earlier United Progressive Alliance or the present National Democratic Alliance, all governments and all political parties of significance go gaga over the welfare schemes but their extent needs to be determined, he pointed out.

Asked for specifics, he said: "Today, to say that two third of the Indian population be covered by providing, maybe, half of their food grain needs every month... or less than half, at less than 10 per cent of the market price, just doesn't make any sense."

So what's the solution? "I mean, we have suggested in many documents that our country has moved to the cash-transfer system. You identify the poor, give them some cash to help them buy whatever they need," he explained.

He said that "massively subsidising" food grains while "not subsidising" milk or vegetables, as was prevalent, created distortion in the pattern of consumption.

In his book "Backstage: The Story behind India's High Growth Years", Ahluwalia questioned the stock of food grains maintained by the Centre and its alleged refusal to part with some to ease inflation.

He said that he stood by whatever he had written in his book, adding that stockpiling of food grains in the NDA era is "far more".

As for the Indian economy's slowdown, the former top policy-maker said that the first thing the Finance Ministry under the stewardship of Nirmala Sitharaman should do is to acknowledge that there's a problem.

He pointed to the 5-trillion-dollar economy, doubling of farmers income, and other "impractical" goals of the government in the current economic scheme of things.

The government should "go beyond declaration of intent" and act, Ahluwalia asserted.

Print the Page
Add to Favorite
Share this on :

Please comment on this story:
Subject :
(Maximum 1500 characters)  Characters left 1500
Your name:

  Customs Exchange Rates
Currency Import Export
US Dollar
UK Pound
Japanese Yen 58.85 56.85
As on 05 Apr, 2020
  Daily Poll
Ease of doing business improved in last one year
 Can't say
  Commented Stories
» China's forex reserves reach USD 2.85 trillion(4)
» Private banks, NBFCs to continue EMIs, if not informed(1)
» The big bang RBI stimulus(1)
» Ensure paychecks for workers, cash flow for firms: Report(1)
» Fund set up for MSMEs to tackle COVID-19 effects(1)
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter