Government will come out with more steps to rationalise subsidies: Arun Jaitley

New Delhi: Assuring India Inc of the NDA’s commitment to carry forward economic reforms, finance minister Arun Jaitley on Saturday said the government will come out with more steps to rationalise subsidies.

“I had a series of meeting with the Expenditure Management Commission. They are effectively working on some very valuable suggestions with regard to rationalisation of subsidies.”

“In the next few, even months... Maybe earlier than that, they will be able to come out with some interim recommendations to us so that we can proceed with rationalisation in that direction,” Mr Jaitley said.

Recalling the government’s decision to link diesel prices with the market price, the minister said that it would help reduce the subsidy burden of the government.

Besides, the government has recently decided to give direct cash subsidy on pilot basis to LPG customers in select cities.

The Centre had set up a commission under former RBI governor Bimal Jalan to suggest steps to rationalise subsidy and help the government bring down fiscal deficit.