Devesh Kapur & Arvind Subramanian was writing a Garibi hatao song to Rahul Gandhi asking he “should end the costly and inefficient subsidies to the poor with a cash transfer scheme.” (http://www.business-standard.com/india/news/rahuls-role-garibi-hatao/358910/)
You know what our new Finance Minister has to say on it. In an interview to The Economic Times he said:
How will you address the burgeoning subsidy bill?
No developing economy can afford to say no to subsidies. They are essential. If crudeprices go up to $ 140, you cannot pass it on to the consumer. But this issue will have to addressed and I will address it adequately. I repeat, my response will be adequate.
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