Subsidies by net income soon

KUALA LUMPUR: The new approach towards targeted subsidies will be based on net disposable household income, rather than the static income-based approach, says Economy Minister Rafizi Ramli.

“The new approach will consider factors such as monthly financial commitments in determining disposal household income rather than the previous approach, which was based solely on household income,” he told reporters after launching the People’s Income Initiative (IPR) vending machine pilot project at Universiti Malaya Medical Centre here yesterday.