Whither austerity
The government, surprisingly, believes that its so-called relief packages and austerity measures are a panacea for all inflation-driven ills. In a move that feels like déjà vu, it has introduced a Special Relief Scheme for low-income and middle-class consumers reeling under exorbitant fuel prices. Fuel subsidies, it says, will be provided to motorcyclists, rickshaw drivers and owners of vehicles up to 800cc. There is little clarity on how this will be implemented or what cost-effective relief will actually reach the downtrodden. The........
