-The Hindu Union Finance Minister P Chidambaram's estimate for India's 2014-15 food subsidy bill of Rs 1,15,000 crore in the interim budget is more than twice of India's Poverty Gap, or the cost of pushing all households above the poverty line if cash transfers were used instead. The Poverty Gap for India, as per the latest NSSO Consumption Expenditure Survey data available (for the year 2011-12) is Rs. 55,744 crore. A...
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National Food Security Act a landmark legislation, says IMF
-PTI WASHINGTON: The International Monetary Fund today described India's National Food Security Act as a landmark legislation which is an important effort to ensure that a majority of the population has access to adequate quantities of food at affordable prices. "The legislation is a landmark, representing the largest food security programme in the world, involving the distribution of subsidised grain to two-thirds of India's population of 1.2 billion," the IMF said in...
More »Aadhaar-based LPG subsidy put on hold-Jyotika Sood
-Down to Earth Cap on subsidised cylinders raised to 12 per year In a Cabinet meeting on Thursday, the Congress-led UPA government at the Centre decided to suspend its ambitious project of transferring subsidy on LPG cylinders directly into the accounts of consumers. To avail the subsidy, all consumers were required to get their Aadhaar or unique identification number linked to their LPG consumer number and bank accounts. Besides, the Centre has...
More »Inequality within states-Indira Rajaraman
-The Business Standard Intrastate inequality can only be corrected through reform of budgetary allocation formulae between districts within states The hoopla surrounding election results in India is reminiscent of nothing so much as a horse race ("...and X romps home the winner!"). The difference is that for the horse and its handlers, the work is done when the race is over. For the winners in the recent round of state elections,...
More »Should Aadhaar be made mandatory?-Jyoti Mukul
-The Business Standard A Supreme Court interim order says it should not, but the issues involved may not be quite so clear cut Even as the Supreme Court sits to hear arguments on the applicability of the unique identification number, popularly known as Aadhaar, the debate around the unique identification number has already shifted from its success or reach to whether it should be mandatory. In an interim order, the apex court...
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