-Down to Earth Modi government plans to revive cash benefit transfer scheme of previous government Ever since Prime Minister Narendra Modi's ambitious financial inclusion programme-the Pradhan Mantri Jan Dhan Yojana (PMGDY)-was launched on August 28 this year there have been misgivings over the haste shown by the government to open banks accounts to cover all rural households. Now a statement of a senior government official in the finance ministry shows the pitfalls...
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US nudge on WTO position continues -Jayanth Jacob
-The Hindustan Times Not budging from its position, the US remains at the forefront of nudging India to give up its stand on farm Subsidies for food stockpiling in order to clinch a trade facilitation pact at the World Trade Organisation. According to sources, US will yet again take up the issue as part of a "larger plan" to get India to drop its position during Prime Minister Narendra Modi's visit to...
More »Aadhaar-subsidy push: Govt for 80% linkage soon in five schemes -Sanjeeb Mukherjee
-The Business Standard PlanCom meets this month to hasten implementation; initial focus on target coverage might cover 300 districts After reposing faith in the Aadhaar project at its cabinet meeting last week, the Narendra Modi government wants Direct Benefits Transfer (DBT) to 80% of beneficiaries in five key schemes "as soon as possible". These include the cooking gas subsidy, where DBT was stalled under the previous government. The other schemes are on transfer...
More »Getting India’s agri support maths wrong -Tejinder Narang
-The Financial Express The USDA projection of 29% of agri GDP is faulty as it counts rural development expenditure also, it is only 13% In a report titled "India's Agricultural Exports Climbs To Record High" (click here to access), the US Department of Agriculture (USDA) speaks of a steep ascent in Indian agro exports-from $5 billion in 2003 to $39 billion in 2013. This may be flattering, but the facts and figures...
More »India's farm subsidy well below WTO cap of 10%: Official
-PTI NEW DELHI: India's farm Subsidies are well below the WTO's cap of 10 per cent and the developed world should move ahead with finding a permanent solution for stock piling of grains for food security purposes, an official said. According to a WTO filing, India has given a total farm subsidy of $56 billion, of which trade distorting subsidy amounts to only $13.8 billion for 23 commodities, including rice and wheat. Explaining...
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