-FAO Prices of cereals and oils decrease - FAO expects bumper cereal harvest this year Rome: The FAO Food Price Index dropped for the fourth month in a row in August reaching its lowest level since June 2012. The index, which measures the monthly change in the international prices of a basket of food commodities, averaged 201.8 points in August 2013, nearly 4 points (1.9 percent) below its July value and 11 points...
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Bengal threat to pension bill
-The Telegraph New Delhi: The Left and the Trinamul Congress have both promised to oppose the passage of the pension reform bill that the government plans to push with the BJP's support. The Pension Fund Regulatory and Development Authority (PFRDA) bill was listed for passage in the Lok Sabha today but was stalled because of protests over various issues. One of them was the fuel price hike, which found Trinamul and the...
More »Correct costs of the Food Security Bill-Bharat Ramaswami, Milind Murugkar and Ashok Kotwal
-The Financial Express Food Security Bill will raise the subsidy burden by 18%. The debate should be about the rise in costs of households due to leakages in PDS and price hike of other nutritious food items, and how these costs can be minimised by DBT In a recent article, Surjit Bhalla ("Manmonia's FSB: 3% of GDP", July 6, Financial Express-http://goo.gl/qoIbd3) has asserted that the Food Security Bill will cost 3% of...
More »Pension scheme for MGNREGS workers
-The Hindu THIRUVANANTHAPURAM: Kerala government proposes to introduce a pension scheme for workers registered under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREG) and having worked under the MGNREG scheme for at least 100 days a year. Minister for Rural Development and Culture K.C. Joseph told the media that the pension scheme would be implemented with contributions from State and Central governments and the workers. This is the first pension scheme...
More »Decoding the food security legislation-Sanjeeb Mukherjee
-The Business Standard Less painful now, but future uncertain The United Progressive Alliance's (UPA) ambitious National Food Security Bill might soon become reality. After getting approval from the Lok Sabha, the Bill is headed for the Upper House of Parliament for approval. The big debate is on the financial implications as and when all states start implementing the scheme. Also, how the estimated 20-30 per cent leakage in public distribution system (PDS) will...
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