-The Hindu Loans disbursed to State Governments by the National Bank for Agriculture and Rural Development (NABARD) for creating rural infrastructure has crossed the Rs.1 lakh crore mark. Of that Rs.6,523 crore has been disbursed in Tamil Nadu. This is the fourth among the States that have availed of substantial financial support from NABARD. The other three are Andhra Pradesh (Rs.9,711 cr.), Uttar Pradesh (Rs.7984 cr.), Gujarat (Rs.7,324 cr.), According to a NABARD...
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Poverty: Where do you draw the line? by Sudhanshu Ranade
There are two ways to identify the poor: in terms of how much they lack, and in terms of what you can do for them. To begin with, India's poverty line was set at the total (food and non-food) expenditure observed for the person who was just about consuming a nutritionally adequate number of calories. In subsequent years, rural and urban poverty lines were adjusted to take inflation on board, without adjusting...
More »To the hungry, god is bread by MS Swaminathan
The National Food Security Bill, 2011, designed to make access to food a legal right, is the last chance to convert Gandhiji's vision of a hunger-free India into reality. What Mahatma Gandhi said of the role of food in a human being's life in a 1946 speech at Noakhali, now in Bangladesh, remains the most powerful expression of the importance of making access to food a basic human right. Gandhiji also...
More »How little can a person live on? by Utsa Patnaik
The Planning Commission's laughable estimates of the ‘poverty line' follow from a mistake in method that it made 30 years ago and has clung to ever since. The affidavit that the Planning Commission recently submitted before the Supreme Court stating that a person is to be considered ‘poor' only if his or her monthly spending is below Rs.781 (Rs.26 a day) in the rural areas and Rs.965 (Rs.32 a day) in...
More »India needs to curb food wastage to tackle inflation: World Bank
-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...
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