The National Advisory Council (NAC), which recently approved subsidised food for 75 per cent of population, has entrusted the task of drafting the Food Security Bill with a Working Group on food security for the consideration of the Council meeting, slated for November 26. The NAC working committee, while finalising the details of the Bill, will also look into proposals for introducing some reforms in the PDS system to efficiently carry...

Getting Rural India to register for Aadhaar, the unique identification number scheme, is going to be a rewarding experience for banks. Leveraging on the government’s financial inclusion agenda, the Unique Identification Authority of India (UIDAI) has decided to pay Rs 50 per enrolment to banks and Life Insurance Corporation of India, which are acting as its registrars, for signing up residents till March 2011. Besides, any person who is below...

Even before the Reserve Bank of India (RBI) finalizes the guidelines for handing out new bank licences, its draft proposal has evoked unease in the National Bank for Agriculture and Rural Development (Nabard), which oversees the country’s 82 regional rural banks (RRBs). Nabard has taken exception to the banking regulator’s proposal to allow industrial houses to take over RRBs and convert them into full-fledged banks, saying such a move could dilute...

In its final recommendations on the proposed Food Security Act, the Sonia Gandhi-led National Advisory Council finally has acknowledged the twin constraints of the budget and the availability of foodgrains by stopping short of “universalisation” of a government-guaranteed right to subsidised food. Given the NAC’s composition and remit, its recommendation is likely to influence the final draft. The NAC still leans in favour of spreading the targeting net too wide, and...

After months of public and internal debate, the National Advisory Council (NAC) — an organisation whose clout and significance derive from the fact that Sonia Gandhi chairs it — has put forth a set of recommendations for the National Food Security Act. The core recommendations are to provide legal entitlements to cereals for 75 per cent of India's population, that is, 90 per cent of the rural population and the...