Continued poor performance of some key infrastructure sectors cause for concern As India is on the path of achieving 8.5 per cent economic growth, aiming to exceed the 9 per cent growth mark next fiscal, the biggest worrying factor that could derail this horse power of growth and play spoilsport in the “growth story” of the UPA II government is the poor state of infrastructure and its tardy pace of development...
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Draft food bill near completion,to cover 70% population: Thomas
The government today said the draft Food Security Bill, which entitles nearly two-thirds of the population to subsidised foodgrains, was almost ready. The Bill will legally entitle up to 70% of population to subsidised foodgrains as against the NAC's proposal to cover 75%. "We are going to introduce the Food Security Bill, almost 65-70% of the population are going to get the benefit," Food Minister K V Thomas said at the National...
More »NAC pushing for its version of Food Security Bill by Smita Gupta
Union Food Ministry to convene consultation of its officials with NAC and EAC representatives Pressure from the Sonia Gandhi-led National Advisory Council (NAC) on the new Union Food Minister, K.V. Thomas, to accept its recommendations rather than the watered down version of the Rangarajan panel, which was set up to examine the NAC's recommendations, appears to be working. Government sources told The Hindu that the Union Food Ministry is hoping to shortly...
More »Food prices push millions into poverty by Howard Schneider
Rising food prices pushed tens of millions of people into extreme poverty last year and are reaching "dangerous levels" in some countries, World Bank President Robert Zoellick said Tuesday as he released new data showing that the cost of grain and other staples is near a historic high. The costs of some key commodities such as wheat have doubled in the past year, and a World Bank index of overall food...
More »Isaac hints at law to curb microfinancing
Finance Minister T.M. Thomas Isaac has said the State government may push a legislation to regulate lending by microfinance institutions. Addressing a press conference here on Sunday, he pointed out the relevance of the Andhra Pradesh Microfinance Institutions (Regulation of Money Lending) Bill, 2010. “The entry of the Janasree Sustainable Development Mission into the microfinance sector poses a risk. Leader of the Opposition Oommen Chandy should clarify his stand on the risk...
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