-Press Information Bureau/ Ministry of Finance Economic Outlook, Prospects and Policy Challenges Macroeconomic fundamentals in 2014-15 have dramatically improved. Highlights are: * Inflation has declined by over 6 percentage points since late 2013. * The current account deficit has declined from a peak of 6.7 percent of GDP (in Q3, 2012-13) to an estimated 1.0 percent in the coming fiscal year. * Foreign portfolio flows have stabilized the rupee, exerting downward pressure on long-term interest...
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All Central schemes to be under cash transfer scheme from April -Chetan Chauhan
-Hindustan Times The government's fiscal management plan in the budget could see a roadmap on extending the controversial cash transfer schemes from just entitlements to Subsidies, a move that could add fuel to the already surcharged atmosphere over the land acquisition bill. The finance ministry has issued instructions to bring all Central schemes having a financial component under the direct benefit transfer (DBT) from April, apparently to plug leakages and to keep...
More »NDA govt moves on food subsidy rationalization after Delhi debacle -Sayantan Bera
-Livemint.com Cash transfer of PDS benefits would mean limiting MSP operations New Delhi: Undeterred by the humiliating defeat inflicted on it by the populist Aam Aadmi Party (AAP) in the Delhi state assembly polls, the Bharatiya Janata Party-led (BJP-led) government is pressing ahead with efforts to reduce its bill on food Subsidies. Please click here to read more. ...
More »How healthy is the soil?
-The Financial Express Prime minister Narendra Modi has done well to launch a soil health card scheme, from Suratgarh in Rajasthan, which is slated to cover 14 crore farmers in the next three years. Soil health cards are an important component of agriculture reform since they help impress upon the farmer the damage done to the soil by excess use of the heavily-subsidised urea in comparison with other fertilisers. While the...
More »Food insecurity -TK Rajalakshmi
-Frontline A critique of the report of the high-level committee on restructuring the FCI and reviewing its role by TK Rajalakshmi SOON after assuming power at the Centre, Narendra Modi's National Democratic Alliance government set up a high-level committee on re-structuring the Food Corporation of India that was mandated to make the food management system more efficient. It was headed by Shanta Kumar, former Union Minister for Rural Development and former Chief...
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