Most of us don’t even get a single shot at making history — Manmohan Singh has a second chance The fiscal deficit is an outcome, not a policy. It is the net resolution of the policies pertaining to taxes and expenditure. It is worth analysing separately the two components of the deficit. The table reports the results of relating the tax and expenditure share of GDP to per capita income for...
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Food Security bill: Rs 1.15 lakh cr more needed to raise farm output
-PTI An additional investment of Rs 1,15,660 crore would be required to revitalise the agriculture sector and boost production to meet the foodgrains demand under the proposed Food law, Parliament was informed today. "To effectively implement the proposed Food Security Act, it is estimated that there should be an additional production of about 70-75 million tonnes of foodgrains," Minister of State for Agriculture Harish Rawat said in a written reply to Lok...
More »Letter to PM on food bill
-The Telegraph Around 30 economists, including former NAC member Jean Dreze, today urged Prime Minister Manmohan Singh to do away with categorisation of beneficiaries under the proposed national food security bill. Dreze, who was part of the Sonia Gandhi-headed council, and the others have written to Singh saying the bill has “serious shortcomings” that needed to be removed. The bill, pending in Parliament, provides for subsidised grain for up to 75 per cent...
More »A scam in pulses import? CAG estimates Rs 1,200 crore loss on import of subsidised pulses by Tejinder Narang
In December 2011, CAG tabled a well-analysed audit report in Parliament claiming a loss of 1,200 crore, or $250 million, on the import of subsidised pulses through 2006-11 under the supervision of department of consumer affairs (DCA) of the food ministry. The government's intention to introduce such a scheme cannot be faulted: during 2005-08, seven million tonnes of wheat was imported at high prices, chana (chickpeas) values spiked from 21...
More »Enough foodgrains in stock to implement Food Bill: Sharad Pawar
-PTI Agriculture Minister Sharad Pawar, who has cited difficulties in implementing the Food Security Bill, today said there should not be any problem in rolling out the proposed law in the wake of record foodgrain output. "This year, we will break last year's record by reaching 250 million tonnes of foodgrains," Pawar told reporters on the sidelines of Kharif Conference 2012 here. "With this background, to implement the Food Security Bill, I don't...
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