-The Hindu State's share of subsidised foodgrains will increase by 68 per cent; Centre will bear an additional subsidy of Rs. 595 crore Ranchi: On June 14, at Manika in Latehar, 180 km from Ranchi, more than 300 men and women stood in the pouring monsoon rain to record their testimonies about the functioning of public schemes in their villages as district officials listened at a public hearing organised by the Gram...
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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...
More »Unique Identification project expenditure at Rs 3,062 crore as of July end
-PTI NEW DELHI: The Unique Identification (UID) project has incurred an expenditure of Rs 3,062 crore as of July end as against a total cost of Rs 12,398 crore sanctioned by the government, Parliament was informed today. "Against a total cost of Rs 12,398 crore sanctioned by the government for the UID project, an expenditure of Rs 3,062 crore has been incurred as on July 31, 2013," Minister of State for Planning...
More »Amid slugfest with BJP, PM hints at hiking fuel prices, curbing gold imports
-The Times of India NEW DELHI: The Prime Minister on Friday called for a political consensus on "more difficult reforms", indicating that the government was considering a cut in fuel subsidy, which would mean higher petrol and diesel prices, and bringing in measures to curb gold imports. Making a statement in the Lok Sabha on the current economic situation, Manmohan Singh admitted that the current account deficit had gone up sharply and...
More »Don’t blame the Food Bill
-The Hindu The currencies of India, Indonesia, Brazil, South Africa and Turkey have fallen quite dramatically against the dollar in the past few months. Whatever their domestic weaknesses, the reasons for this unprecedented decline - ranging between 13 to 21 per cent - are primarily global. In the past 48 hours, as tension mounts in West Asia, an already unprecedented situation has become even more difficult. On Wednesday, the rupee, as...
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