The experts group, chaired by chief of the Prime Minister's Economic Advisory Council C. Rangarajan, set up by Prime Minister Manmohan Singh to examine the recommendations of the National Advisory Council (NAC) on the proposed National Food Security Bill, will hold its first meeting here on Friday. Even as the NAC is formulating the draft Bill, the experts group will examine the proposals and come up with its suggestions. A meeting of...
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Ministry for merging BPL, caste censuses by Ruhi Tewari & Sangeeta Singh
In a move that might put the Union government in conflict with the states, the ministry of rural development has recommended merging the census to identify below poverty line (BPL) families with the caste census to accelerate the process of determining the number of poor, according to a person familiar with the matter. The caste census, conducted by the Registrar General of India, or RGI, is due to begin on 1...
More »Going Hungry in the Richest Nation on Earth by Matthew O Berger
While many U.S. residents prepare for their annual Thanksgiving feast Thursday, one in six are at risk of hunger – including a quarter of all children in the country. Globally, 925 million people, or a little less than 15 percent of the world population, is undernourished. Ironically, Washington's efforts to alleviate hunger abroad may be more successful than at home, analysts say. The U.S. Department of Agriculture's estimate last week that 49...
More »MFIs similar to moneylenders, says Reddy by Gayatri Nayak
Yaga Venugopal Reddy , former Reserve Bank of India governor credited with saving the nation’s financial system from the 2008 meltdown, has said what many finance experts believed, but did not have the courage to admit publicly: microfinance is India’s subprime. “Ultimately, it’s something like subprime lending,” Mr Reddy told ET in an interview ahead of his book release. “The same incentives are operating here... it was securitisation and derivatives that...
More »BPL families in Karnataka get only 20-kg grain by Pratap Patnaik
The below poverty line (BPL) and Antodaya Anna Yojana (AAY) families in Karantaka get only 20 kg instead of the scheduled 35 kg of food grain every month due to paucity of supply by the Centre, the Supreme Court has been told. Out of about 5.28-crore population in Karnataka, 25 per cent, numbering 1.38 crore people averaging 37 per cent nationally, belong to below poverty line (BPL) and get benefits of...
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