The proposed Food Security Bill should adopt a three-pronged strategy that constitutes a Universal Public Distribution System for all, low-cost foodgrains to the needy, and convergence in the delivery of nutrition safety net programmes. In his latest budget speech, Finance Minister Pranab Mukherjee announced: “We are now ready with the draft Food Security Bill which will be placed in the public domain very soon.” Although no official draft has been...
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Does NREGA really work? by Surjit Bhalla
Despite tall claims, the NREGA programme is just a dud as most other “in the name of the poor” expenditures - and as much of a dud as predicted by Rajiv Gandhi A decade or so ago, Booker prize winner Arundhati Roy claimed that the building of dams in India had displaced more than 50 million people. This implied that one out of every three rural Indians had had to move...
More »Estate workers, potters may get rice at Rs.2 a kg
Finance Minister T.M. Thomas Isaac told the Assembly on Wednesday that inclusion of estate workers, the disabled and potters in the scheme for supply of rice at Rs.2 a kg would be considered. Replying to the general discussion on the budget, the Minister said that their inclusion would be subject to condition that the total number of families benefiting from the scheme should not exceed 35 lakh. The budget could not...
More »Danger of inflation by CP Chandrasekhar
WELL before Budget 2010-11 was presented, inflation had emerged as the principal economic problem in the country. With food-price inflation running at close to 20 per cent, even the United Progressive Alliance (UPA) government at the Centre had been forced to recognise it as a problem that deserved as much attention as the objective of achieving a 9 or 10 per cent rate of growth, if not more. In fact,...
More »Prof. Prabhat Patnaik (JNU) interviewed by Pragya Singh
The economist and political commentator who was appointed to a four-member team of the UN to recommend reforms to the global financial system critiques Budget 2010 Economist and political commentator Prabhat Patnaik, currently vice-chair of the Kerala Planning Board, is a strong critic of the government’s economic policies. In 2008, Patnaik, who has taught at JNU since the 1970s, was appointed to a four-member team of the UN to recommend...
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