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Archive | January 7, 2017

News for January 7, 2017


Important News from The Hindu:

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Direct Benefit Transfer (DBT): Mechanism to change the scenario of subsidies in India


Before moving on to the discussion on Direct Benefit Transfer (DBT) scheme, firstly we have to understand- ‘what is Subsidy and why it is given?’   Subsidy is a mechanism of welfare state in which government extended its support to the institution, business or individual in the form of a cash payment or a tax reduction. It is generally used as a form of support for particular portions of a nation’s economy which can assist struggling markets by lowering the burdens placed on them, or encourage new developments by providing financial support for the endeavors.

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