-PTI Implementation of the National Food Security Bill will entail a subsidy of a whopping Rs 1.12 lakh crore, Food and Consumer Affairs Minister K V Thomas informed the Rajya Sabha today. Food subsidy as per 1993-94 poverty line and 2000 population census is Rs 88,976 crore and as per the 2011 census it would be Rs 197,096 crore, he said during Question Hour. Additional food subsidy burden for 2012-13 is estimated at...
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Adequate funds available for MGNREGS: Jairam Ramesh by K Balchand
The Centre on Saturday asserted that adequate funds were available during the2012-13 financial year to meet job demands by below poverty line (BPL) households under the Mahatma Gandhi NREGS. Union Minister of Rural Development Jairam Ramesh underlined that he has recommended reallocation of funds for rural development, especially fordrinking water and sanitation projects, to ensure inclusive growth and reflect the percolation of the high growth rate to the rural side. At the...
More »Funds slashed for flagship programme MGNREGA-K Balchand
-The Hindu The budget focuses on rural development with a moderate hike in allocation, but the government has downsized in a big way the importance of its flagship programme, the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), on which it reportedly galloped to power in 2009. For the scheme entitling jobs to below poverty line (BPL) households in rural areas, the allocation has been reduced by 17.5 per cent to only...
More »Delhi grain bar spoils CM broth
-The Telegraph The Centre has turned down the Mamata Banerjee government’s request to allot additional foodgrain to keep the state’s pet project of supplying grains at a subsidised rate to about 20 lakh people running in 2012-13. Although these people are “needy”, according to the state government, they are not part of the BPL category (annual income of less than Rs 30,000). The Mamata government gives rice at a subsidised rate of...
More »World Bank approves $4.3 billion aid to India to fight poverty
-PTI The World Bank has announced $ 4.3 billion financial aid to India through a new innovative and flexible financing arrangement to help the country fight poverty. This arrangement, while facilitating a $ 4.3 billion increase in support to India, is designed to maintain International Bank for Reconstruction and Development's (IBRD) - which is its lending arm - net exposure within the limit of $ 17.5 billion established by it. In a statement,...
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