-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...

-The Business Standard   After generating much controversy back home on the Planning Commission's “unrealistic definition” of poverty line, India had to field some tough queries in Washington over the matter. Chief Economic Advisor Kaushik Basu said the government was looking at various parameters of poverty estimates to provide better coverage to the vulnerable section through a proposed food law. "...now we are going to go into a new food security programme, where we...

-The Times of India   Faced with fierce criticism over the Planning Commission’s new criteria for poverty line, the Government has asked the Plan panel to revise its affidavit. The Planning Commission had said that that those spending more than Rs. 32 a day in urban areas, or Rs. 26 a day in villages, would no longer be eligible to draw benefits meant for those living below the poverty line. The new tentative...

Updating the poverty line cutoff figures, the Planning Commission said that those spending in excess of Rs 32 a day in urban areas or Rs 26 a day in villages would no longer be eligible to draw benefits for those living below the poverty line. TOI broke down the overall monthly figure for urban areas and used the CPI for industrial workers along with the Tendulkar committie report figures to see...

-The Hindu   Faced with strong reactions to its affidavit on the poverty line estimates filed in the Supreme Court on Monday, the Planning Commission may re-visit the issue and, if necessary, file an amendment in the court. Sources in the Commission indicated that another committee of experts was likely to be set up to dispel the “confusion” and arrive at a more realistic estimate of poverty numbers that were “multi-dimensional” and to...