3 min read.Updated: 19 Jan 2016, 10:42 PM ISTKunal Singh
It's time to look at the deleterious environmental impact of subsidies so as to attain correct pricing of resources
A few days before Delhi’s odd-even rule—a road rationing scheme in which odd- and even-numbered cars were allowed to ply on roads on alternate days—was to be implemented, Delhi deputy chief minister Manish Sisodia appeared on a television channel to answer questions on the rule. During the show, Sisodia admitted that the idea to give a subsidy on diesel for farmers who use diesel-run pump-sets to irrigate their fields has led to a damaging impact on the environment. The number of cars running on subsidized diesel has multiplied over the years and contributed to the deteriorating air quality.