One more effort to make government reconsider objections The Sonia Gandhi-headed National Advisory Council (NAC) has decided to stick to its recommendations made on the draft National Food Security Bill at its meeting on October 23 last, though these have been rejected by a government committee led by C. Rangarajan, who heads the Prime Minister's Economic Advisory Council. The committee was constituted by Prime Minister Manmohan Singh to examine the feasibility of...
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An unending money illusion
The Union government recently indexed the wages of workers under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) to the consumer price index for agricultural labour (CPI-AL). The step, aimed at boosting the purchasing power of workers, came in the midst of a controversy over the government not linking wages under MGNREGS to the minimum wage under the Minimum Wages Act, 1948. The wage hike, ranging from 17-30%, is likely...
More »A Notional Advisory Council? by Jean Drèze
The National Advisory Council's recommendations on the National Food Security Bill are in danger of being brushed aside. It is the fate of most advisory committees that the government accepts whatever advice suits its purposes and ignores the rest. The first version of the National Advisory Council (NAC-1) managed to avoid that fate to some extent, due to favourable circumstances. NAC-1 was able to persuade the government to enact the...
More »Food subsidy bill may rise by Rs 25k crore
The food subsidy bill for 2010-11 could shoot up by nearly Rs 25,000 crore to touch Rs 80,000 crore, putting further pressure on the government’s finances, a food ministry official said on Tuesday. The government has budgeted Rs 55,578 crore for the current fiscal. The sharp increase in the subsidy is because of higher minimum support price ( MSP )) for crops and the government holding food stock that are nearly three times...
More »Maize, sunflower prices likely to remain stable
Officials of the Domestic and Export Market Intelligence Cell (DEMIC) of the University of Agricultural Sciences, Dharwad, have said that the prices of rabi maize and sunflower are likely to remain stable till harvest. While the assessment has been made with regard to maize based on the data collected from Jamkhandi market, the leading market for maize for the past 15 years, the likely price for sunflower post harvest has been...
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