-The Economic Times The latest forecast of the Met office suggesting a weakening of the south-west monsoon during the second half of the monsoon season is not cause for panic. It is the distribution of rainfall across space and time rather than the aggregate percentages that matter for the farm sector. The good news is that both the spatial and temporal distribution of rainfall has been satisfactory so far. A good reservoir...
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UPA Govt's NREGA back on table for removing flaws by Devika Banerji
New rural development minister Jairam Ramesh is working to overhaul the United Progressive Alliance's six-year old flagship rural jobs programme to rid it of all 'manmade' flaws and make the job entitlement more demand driven. The Mahatma GandhiNational Rural Employment Guarantee Act (MGNERGA), which costs the government Rs 40,000 crore a year - the largest spend on any social welfare scheme - played a key role in catapulting theUPA government...
More »Food subsidy bill shoots up by a whopping of Rs 34,738 cr by Prabha Jagannathan
The Centre's food subsidy bill, incurred mainly on account of reimbursemnet of economic costs to theFood Corporation of India for grain procurement, holding and transportation, has shot up by a whopping Rs 34,738 crore compared to the budgetary allocation for 2011-12. This is mainly due to government buys of a record foodgrain crop in the 2010-11 agricultural year (july-june).The original subsidy for the year was estimated at Rs 47,239.8 crore....
More »PDS foodgrain stock allocated to UP by Swati Mathur
The ministry of consumer affairs and public distribution has allocated of 5.28 lakh tonnes per month of wheat and rice to Uttar Pradesh for the fiscal year 2011-12. The assigned foodgrains have been made available to the department of food and civil supplies for distribution through the public distribution system (PDS). At present, UP has a total of 65.84 lakh below poverty line (BPL) and 40.94 lakh Antyodaya card holders. On...
More »Food Security Bill needs amendments by Brinda Karat
As it is drafted, the Bill actually deprives people, and the State governments, of existing rights on multiple counts. The Food Security Bill finalised by a Group of Ministers should not be accepted by Parliament in its present form. The overriding negative features of the proposed legislation far outweigh its positive initiatives. The framework itself is questionable since the Central government usurps all powers to decide the numbers, criteria and schemes...
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