The budget is a “mixed bag” for the Sonia Gandhi-led National Advisory Council, said members. It promises to bring in the National Food Security bill that the Congress chief hopes will signpost UPA-II’s continuing commitment to social and economic inclusion in the way that the Mahatma Gandhi National Rural Employment Guarantee Act did UPA-I. But finance minister Pranab Mukherjee’s restatement of the Centre’s position on indexing MNREGA wages to the consumer price...
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Turn focus to consumer pricing by Ila Patnaik
The major problem that the media is addressing these days is the consumer price index. This is going to be discussed during the budget session. The focus has to turn to consumer pricing. People also face policy problems because of their wage negotiations and inflationary expectations. Consumer prices escalate by 5 percent every month and that is the first issue that needs to be addressed and attended as of now....
More »Union Budget 2011 to bring in food bill for poor
India's finance minister announced on Monday a food security bill for 2011/12, a measure that would provide cheap grains for millions of India's poor but which has sparked worries of a huge fiscal cost. It was one of the first signs of populism in the annual budget as Prime Minister Manmohan Singh confronted high prices and corruption scandals as well as elections in five states this year. In his ongoing budget speech,...
More »Food inflation creeps up to 11.49%, PM readies plan
Food inflation moved up to 11.49 per cent for the week ended February 12 as compared with 11.05 per cent for the previous week even as prices of certain items fell marginally. Despite the increase, Prime Minister Manmohan Singh today said while inflation has been a concern for the last 18 months, it will come down to 7 per cent by the end of the current fiscal. According to the Wholesale...
More »NAC undermined by Praful Bidwai
By stubbornly overruling the National Advisory Council, the government risks defeating its purpose as a body that speaks for the poor and the disadvantaged. HAS the Manmohan Singh government begun to regard the National Advisory Council (NAC) as an adversary who should be undermined? Going by their exchanges on key issues such as food security, wages under the National Rural Employment Guarantee Act (NREGA), and the implementation of the Scheduled Tribes...
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