-Reuters The finance minister is finding it harder and harder to meet the government's budget promises and may sweep as much as $15 billion in subsidy costs into next year's accounts to ensure he hits fiscal targets ahead of the Lok Sabha, ministry officials say. Finance minister, P Chidambaram, insists that the fiscal deficit target of 4.8% of GDP for the year to March 31, 2014, is a red line that will...
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A pound of flesh to feed the poor-Arun Mohan Sukumar
-The Hindu Realising that New Delhi needs to clear its food security legislation at the WTO in time for the election, the West has sought increased market access in return for temporary relief A few months ago, the most optimistic observers of international politics were not willing to hedge their bets on the Doha Development Round at the World Trade Organisation. The Doha Round negotiations have been stalled for more than a...
More »Prices rise, not hunger -Jitendra
-Down to Earth People prefer to eat less nutritious food than go hungry, says FAO GLOBAL CHRONIC hunger has declined significantly despite sharp increases in the prices of primary food products since 2008. Price hikes have limited effect on consumers, states Food and Agriculture Organization (FAO), in the report, The State of Food Insecurity in the World. According to FAO, chronic hunger is when a person does not regularly get enough food to...
More »Japan may import rice bran oil from India, to improve fiscal numbers -Sutanuka Ghosal
-The Economic Times KOLKATA: There is some good news for the UPA government, which is trying hard to tackle the rising import bill. Japan has shown interest in buying rice bran oil from India - a country that depends on import of edible oil for meeting nearly 60 per cent of its domestic consumption. Export of rice bran oil will help India earn foreign exchange, thus reducing the rising import bill...
More »Electronic payment can save 1.6% of India's GDP: WB-Somesh Jha
-The Business Standard Says electronic payments can help manage fraud and leakage risks in government payment programmes The role that technology plays in the economy has become so integral that it can't be ignored, said a recent report by the World Bank. According to the report, electronic payments can save over one per cent of India's gross domestic product (GDP). "Cash may still be king at times, but compared with electronic payments, cash...
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