The government is looking at allowing foreign direct investment (FDI) in multi-brand retailing as part of a slew of measures to make India more attractive to overseas investors. Senior government officials told TOI that the thinking was that a gradual opening up would be a better strategy with global chains first allowed to open stores in metros, while wholesale cash-and-carry being limited to smaller towns and cities, at least for the...
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NAC Food Bill proposals ‘short of expectation' by Gargi Parsai
The Right to Food Campaign on Monday announced its decision to launch a country-wide protest against the National Advisory Council's framework for the proposed National Food Security Bill, which, they said, fell short of people's expectation of a comprehensive food security bill that addressed nutrition and livelihood issues. “Even the budget proposals show no commitment to food security of people,” Campaign Convener Kavita Srivastava told journalists here. Failed to seize opportunity “By proposing...
More »Windfall for farmers continues, loan disbursal target raised to Rs 4,75,000 crore
Farmers can continue to reap a financial harvest that first came as a windfall loan waiver of Rs 60,000 crore in 2008. Finance minister Pranab Mukherjee raised the target for loan disbursal to the farmers from the present Rs 3,75,000 crore to Rs 4,75,000 crore in 2011-12, nearly a 27% jump.Mukherjee has raised the target consistently in 2010-11, the loan target was raised by over 15% at Rs 3.75 lakh...
More »The siren song of cash transfers by Jayati Ghosh
Cash transfers cannot and should not replace the public provision of essential goods and services, but rather supplement them. Cash transfers are the latest fad of the international development industry, as the preferred strategy for poverty reduction. And now Indian policymakers are busy catching up. The idea was mooted in the Government's Economic Survey for 2010-11, and the Finance Minister made an explicit announcement in his budget speech for replacing some...
More »Nanny retreats? Health, education outlay more than NREG & Rural by Anubhuti Vishnoi & Ravish Tiwari
For the first time since the launch of the National Rural Employment Guarantee Scheme (NREGS) in the 2005-06 fiscal, the combined plan outlay for the Ministries of HRD and Health has surpassed that of the Department of Rural Development, which administers doles like the NREGS, old age Pension and rural housing grants to the poor. The UPA regime has for the first time cut outlay — by about 2 per cent...
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