“To ensure greater cost efficiency, better delivery” Seeking to address the issue of subsidies not reaching the targeted groups, Finance Minister Pranab Mukherjee on Monday proposed to provide a direct cash subsidy on fuel and fertilizers to the poor from March, 2012. “To ensure greater cost efficiency and better delivery of kerosene and fertilizers, the government will move toward direct transfer of cash subsidy for people below poverty line (BPL) in a...

Shifting the focus away from the Mahatma Gandhi National Rural Employment Guarantee Act, the Union Budget has sought to give greater thrust to it other flagship programme Bharat Nirman, covering six sectors, by allocating an additional Rs. 10,000 crore for 2011-12 to provide rural broadband connectivity to all the 2.5 lakh panchayats within the next three years. Finance Minister Pranab Mukherjee has made a total allocation of Rs. 58,000 crore, marking...

Several agri-experts, including noted scientist M S Swaminathan, today said the Budget 2011-12 did not address several important issues facing agriculture, although they welcomed some proposals as being pro-farm. Swaminathan, known as the father of the Green Revolution in India, said the Budget had several good proposals but it did not have a strategy to keep farmers on farm and attract youth in the agriculture sector. "It is unfortunate that in a...

The budget is a “mixed bag” for the Sonia Gandhi-led National Advisory Council, said members. It promises to bring in the National Food Security bill that the Congress chief hopes will signpost UPA-II’s continuing commitment to social and economic inclusion in the way that the Mahatma Gandhi National Rural Employment Guarantee Act did UPA-I. But finance minister Pranab Mukherjee’s restatement of the Centre’s position on indexing MNREGA wages to the consumer price...

Is the chemical fertilizer-based food production system sustainable? As a result, what happens to the soil and the larger issue of food security? After a raging debate, the government finally decided to hike the chemical fertilizer subsidy, to catch up with spiralling fertilizer prices in the global market. Also, there is talk about bringing urea under the Nutrient Based Subsidy (NBS) system and decontrolling its prices. Obviously, the fertilizer industry...