-The Economic Times A Committee of Secretaries (CoS) recommendation for a 10% increase in urea prices notwithstanding, the fertiliser ministry is in no mood to bite the bullet. The ministry has categorically said in a note that it opposes the recommendation and that there should be no price revision. The Cabinet has been deferring a price raise for the last six months due to the fertiliser ministry's opposition. The government has been...
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Government pushes banks to go rural, but will it pay?-Swati Pandey and Rajendra Jadhav
-Reuters RANCHHODPURA, India (Reuters) - Working out of a tiny rented room furnished with a wooden table, small biometric authentication machine and shelf stacked with passbooks, Ganesh Dangi is a one-man bank for a village of 650 people in northwestern Rajasthan. A business correspondent, or local representative, for State Bank of Bikaner and Jaipur (SBBJ) in Ranchhodpura village, 40 km (25 miles) east of Udaipur, Dangi is racing to sign up villagers...
More »Subsidised LPG cap may be raised to 12 -Anupama Airy
-The Hindustan Times The government is hoping to substantially negate the political fallout of higher diesel and cooking gas (subsidised LPG cylinder) prices by doubling the cap on the number of subsidised LPG cylinders from six to 12 a year. A proposal to this effect has been readied for a final decision by the Cabinet, a senior government official confirmed to HT. Such a move will “substantially mollify” people who are...
More »Food bill to cover 67% india, wider coverage in 250 districts -Zia Haq
-The Hindustan Times The flagship National Food Security Bill — whose final contours have now emerged —will give 67% of the population, or about 800 million Indians, a legal right to food aid, while in 250 poorest districts of the country, 90% of the people will be covered. Jammu and Kashmir and the eight northeast states will also get 90% coverage since these areas are considered vulnerable to "food shocks". The bill,...
More »Govt to test cash transfer waters for food-Basant Kumar Mohanty
-The Telegraph The Centre is poised to launch a pilot project to study the delivery of food subsidy through direct cash transfer, a proposed system that civil society groups feel will end up inconveniencing the poor beneficiaries. The food and consumer affairs ministry will start the pilot scheme in the six Union territories next month, a top government source told The Telegraph. Now, households buy food grains at subsidised rates (called the “central...
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