01034pab a2200169 454500 180718b2014 xxu||||| |||| 00| 0 eng d Chander, Parkash Price subsidies versus income transfers (Notes) 2014 p.104-108. 5 Apr The impact of the price subsidy under the National Food Security Act on consumption of cereals, and, therefore, welfare, will be different from that of an unconditional direct income transfer equal to the cost of the price subsidy only if the price subsidy is regressive among the set of people covered. This note argues that restricting the subsidy to an inferior good such as coarse grains alone may work better from both the fiscal and equity points of view. It recommends raising the entitlement for coarse grains to 7 kg a person per month, but keeping it unchanged for wheat and rice at 5 kg a person per month. - Reproduced. Prices Economic and Political Weekly N 103497 103493 103493 0 0 0 0 IIPA IIPA 2018-07-19 Volume no: 49, Issue no: 14 AR103957 2018-07-19 2018-07-19 AR