-The Hindu Business Line India now has the technology to track leakages at each stage in the public distribution system The Government has set up the Expenditure Management Commission to rationalise subsidies, among other expenditure items in India. India incurs nearly one per cent of food subsidy annually, generally utilised under the existing public distribution system (PDS) consisting of Food Corporation of India (FCI) and nearly five lakh Fair Price Shops (FPSs)....
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India home to 1 in 3 of the world's poor in 2011
-The Business Standard World Bank-IMF study, however, says pace of reduction in absolute poverty has been substantial; report stresses skills training for youth India was home to about a third of the world's poor in 2011, according to a progress report on various social indicators from the World Bank and the International Monetary Fund (IMF), issued on Wednesday. In other words, the highest number of the poor lived in India in...
More »India's farm sops under lens at WTO -Sidhartha
-The Times of India NEW DELHI: The United States and Pakistan have questioned several of India's farm trade policies, including its land holding laws and the subsidy mechanism at the World Trade Organization, which is the latest assault being faced by the country after it raised the red flag over domestic support to farmers in Bali. Since the Bali ministerial meeting last December, WTO members have repeatedly put the lens on India's...
More »Don’t blame MSP for inflation -Amartya Lahiri
-The Indian Express Ill-thought-out assertions about the efficacy of monetary policy can unhinge private expectations of inflation. The Indian Express recently published two articles by Surjit S. Bhalla on the subject of inflation in India (‘Where monetary policy is irrelevant', September 13 and ‘RBI, we have a problem', September 20). Bhalla's central thesis is that inflation in India is primarily driven by changes in the minimum support prices (MSP) for agricultural goods....
More »Groundwater reserves dwindle to critical level amid rampant extraction -Akash Vashishtha
-India Today Groundwater is being extracted in Delhi, Haryana, Punjab and Rajasthan at a rate faster than it's replenished, according to the latest report of the Central Ground Water Board (CGWB). The status of groundwater extraction - the proportion of water drawn out to annual recharge - in Delhi and the three states is more than 100 per cent. In Gujarat, Tamil Nadu, Uttar Pradesh, Lakshwadeep, Pondicherry and Daman and Diu, the...
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