Given a positive regulatory environment, banks and other financial intermediaries will certainly be interested in using the smart card opportunity. Dr Arvind Virmani, with a Ph.D. from Harvard and 30 years of professional experience, is one of the most valued economists in the Government. Before he retired as Chief Economic Advisor in 2009, he had served in the Finance Ministry and the Planning Commission. A researcher par excellence, his research papers...
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Money where the mouth is by E Somanathan
As of 2006, over 43% of Indian children under five were malnourished, a rate that has barely budged since the early 1990s. This gives India the dubious distinction of having the highest percentage of malnourished children in the world. There are at least 53 poorer countries with lower malnutrition rates, including Bangladesh, Nepal, Haiti and several African countries. At Independence, India was poor, so it wasn’t thought possible to guarantee...
More »20,775 tonnes of smuggled public distribution system rice seized in 3 years by Jeeva
At a time when rice smuggling has become a political issue in Tamil Nadu, the civil supplies department's reply to an application under the Right To Information (RTI) Act reveals that as many as 20,775 tonnes of rice worth Rs 11.73 crore were seized in anti-smuggling operations in the state in last three years. The department also said that 5,152 persons were arrested in three years for smuggling rice meant to...
More »Too bad to swallow by Milind Murugkar , Bharat Ramaswami and Ashok Kotwal
The National Advisory Council (NAC) has now sketched out the “contours of a national food security bill”. The goal is worthy: “Protecting all children, women and men from hunger and food deprivation.” To some, the bill might appear utopian. The truth is worse. The bill reminds us of John Stuart Mill’s denunciation of a government policy of his day: “What is commonly called Utopian is something too good to be...
More »The Case for Direct Cash Transfers by Rupa Subramanya Dehejia
Would you rather buy a necessity like kerosene or food grains at a subsidy or receive an equivalent amount of cash instead? Would you prefer that the government decides your consumption pattern rather than figuring out on your own how to spend your income? One of the “big ticket” reform items in the budget was the announcement that subsidies on kerosene, fertilizers and Liquefied Petroleum Gas and delivery through the Public...
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