Foundation to be set up with a corpus fund of Rs. 500 crore   The Centre is in the process of setting up a foundation with a corpus fund of Rs. 500 crore to provide a livelihood to tribals in about 900 blocks, spread over 170 districts of nine States, to strengthen its anti-naxalite campaign. The latest proposal, evolved jointly by the Ministry of Rural Development and the Planning Commission, envisages a concerted...

No one will deny that the least a democratic government can do for its people in a civilised society is to ensure access to food at affordable prices. Ensuring food security is, therefore, a fundamental responsibility of the state. Public distribution system (PDS) is the instrument through which food grains are made available to targeted beneficiaries. Government's resolve to provide for food security is laudable.  At the same time, it does...

Food price inflation, and inflation in general, has become less of an issue. But it isn’t an issue that will go away. Give it till June and inflation is likely to inch up again. Competition is a good antidote against price increases. It ensures efficiency and reduces price volatility. Logically, food price inflation should trigger and stimulate agricultural reform, so there is competition and supply-side changes can occur. But in...

In a report released on January 30, and covered by the world’s press the next day, the United Nations has warned of a severe resource crisis that would overtake the world if current trends persist. A growing population and a rise in the number of middle-class consumers will increase the demand for resources so rapidly that even by 2030 the world will need at least 50 per cent more food,...

The huge expenditure on the food bill, with the attendant leakages, could well make fiscal recovery impossible In the first part of this article, we have estimated the actual cost of implementing the food security bill in its current form. In this part, we now examine the fiscal sustainability of the same. The current state of the revenue and expenditure trends of the Central government (refer table) show that while revenue...