INDIA: CORPORATE WATCH
DISTORTIONS IN SUBSIDY PROGRAMMES RAMPANT
THE POOR ARE MOSTLY THE LOSERS
2010-02-12 11:33
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February is the month to take a re-look at government subsidies. Normally, it is also the Union Government's annual budget presentation month. Since subsidies invariably pose a big burden on the exchequer, they become a hot issue for pre-budget debate in government circles with the intention of restricting these expenditure, which are considered 'wasteful' by most reformists and 'essential' by socially-conscious pragmatists.