The much-awaited National Food Security Bill will be introduced in the winter session of Parliament incorporating some major changes recommended by the National Advisory Council, chaired by Congress president Sonia Gandhi. Union Minister of State for Consumer Affairs, Food, and Public Distribution K.V. Thomas told The Hindu on Sunday that the council proposed coverage of the food security scheme from the present 45 per cent to an estimated 63 per cent...
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Food inflation in double digits after six weeks
-The Business Standard After lingering tantalisingly close to 10 per cent for about a month-and-a-half, food inflation climbed to double digits for the week ended October 8, signalling that Reserve Bank of India (RBI) may continue with its tight monetary stance in its policy review later this month despite the economy showing signs of a slowdown in growth. As protein-based items turned dearer, wholesale price-based annual food inflation rose by a whopping...
More »Redistribution is not inclusion growth by Arvind Panagriya
Only in India does redistribution, which keeps the poor and marginalised out of the mainstream of the economy, pass for inclusive growth. In much of the rest of the world, inclusive growth would mean giving the poor and marginalised a direct stake in the economy with fast-growing industries and services absorbing them into gainful employment and, thus, making them true participants and partners in the growth process. But in India, we...
More »India needs to curb food wastage to tackle inflation: World Bank
-The Hindu Business Line Input subsidy expenses not contributing to boost productivity The World Bank has said that South Asia's foodgrain stock management, especially in India, needs to improve to tackle inflation. In its focus on food inflation in South Asia, the bank said that high stocks have led to high wastage due to inadequate storage capacity and technology. According to World Bank's estimates, the Food Corporation of India lost 10-16 million tonnes...
More »10.5 lakh Class IX, X students to teach 1.2 crore illiterate people in Bihar
-PTI In a bid to eradicate illiteracy in Bihar, the state government has decided to rope in 10.5 lakh class IX and X students to educate 1.2 crore adult illiterate people in Bihar. The plan will be executed under a five-month literacy campaign 'Sakshar Bharat Yojana' to be launched from November 11 next, according to an HRD official. Under the proposal, as many as 10.50 lakh class IX and X students will be...
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