DEALING WITH SUBSIDIES (Editorial)
Commentarao S.L. Rao Results first Subsidies have been the albatross around the necks of finance ministers, from Manmohan Singh in 1991 to P. Chidambaram today. These have constrained the freedom to invest in agriculture and in infrastructure, both physical and social. This has resulted in increased inequalities in sectoral growth in the economy. Chidambaram produced a paper to show the insidious effects of subsidies. Yet he, like his prime minister, has been unable to take any corrective action.