The government is planning to come up with a price protection fund to cushion the burden of food subsidy, which is expected to grow manifold under the new Food Security Bill. The proposed fund, under the ministry of food and consumer affairs, is a Budget proposal for 2012-13. Officials said the framework of the fund was at a nascent stage. “Some inferences are being drawn from the recommendation of National Farmers’ Commission...

-The Hindu   ‘The argument that too many people are coming forward to claim benefits is flawed' Aadhaar, the Unique Identification Authority of India (UIDAI) project, cannot “fix” all that is wrong with the Public Distribution System, Abhijit Sen, member of the Planning Commission, said here on Saturday. The biometric identification and authentication project has been touted by the Planning Commission as a panacea for all issues that plague the Public Distribution System (PDS),...

-The Economic Times   An expert group has recommended adding 30 agricultural and allied works under the Centre's flagship rural job guarantee scheme, in a revamp aimed at making the country's costliest social sector programme more effective.  As part of the overhaul of the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), the panel has also suggested an electronic fund management system to ensure timely transfer of money to needy districts.  The recommendations of...

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...

-PTI The country plans to have a nuclear power generation capacity of 63,000 MW in the next 20 years as atomic power is advantageous in terms of transportation and storage, Power Minister Sushilkumar Shinde said today. "India plans to have a total installed nuclear capacity of 63,000 MWe (megawatt electric) by the year 2032 both by indigenous technology and the imported reactors as additionalities," he said while addressing a seminar at India...