Chief Economist

Canadian agency calls govt’s DBTL savings figure a ‘large overestimate’

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DBT on LPGCanada-based International Institute for Sustainable Development (IISD) has called government’s estimate of fiscal from Direct Benefits Transfer for LPG (DBTL) a ‘large overestimate’.

The IISD cited a media report quoting Chief Economic Advisor Arvind Subramanian as saying that in June savings of Rs 12,700 crore are estimated from DBTL based on sales and subsidy levels for 2014-15.

The research organisation said the fiscal savings from DBTL last financial year were only Rs 143 crore.

“The government has not so far provided calculations regarding its claimed savings. The much-publicised fiscal savings figure deserves scrutiny,” the commentary authored by Kieran Clarke, Shruti Sharma and Damon Vis-Dunbar of IISD said.

 

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