-Zee News Agriculture is consistently losing its importance in India's economic growth. The agriculture sector contributes to just 15 percent of India's Gross Domestic Product (GDP), but over 50 percent of the population is still dependent on it. The farm sector, including forestry and fishing, grew by 3.2 percent in the quarter ending September, as compared o 3.8 percent in previous quarter and 4.7 percent in 2013-14. For the entire financial...
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If it’s not Bihar, it’ll be UP
-The Financial Express With the High Level Committee (HLC) on restructuring FCI pointing to a 47% leakage in the 55 million tonnes of grain distributed through ration shops, the only viable solution is to shut down the PDS as the HLC has recommended be done over a period of time. Not surprisingly, many have argued that, in states that have restructured their ration shop operations-such as Chhattisgarh-there has been a dramatic...
More »Food security: economists challenge official panel’s conclusions -Yogesh Rajput
-Governance Now Shanta Kumar committee recommendation to curtail PDS based on "motivated data fudging" A group of economists have challenged the government move to scale down the ambit of the food security initiative, arguing that leakages in the public distribution system (PDS) are not as bad as an official committee has concluded. A ‘high-level committee on restructuring of FCI', headed by Shanta Kumar, submitted its report to prime minister Narendra Modi last month,...
More »Better, cheaper targeting
-Business Standard Sensible suggestions from Shanta Kumar panel on food security The Shanta Kumar committee on food sector reforms has made a slew of recommendations - many of which, even if controversial, make sense. Apart from suggesting downsizing of the unwieldy, inefficient and corruption-ridden Food Corporation of India (FCI) by outsourcing many of its tasks to the states and other public- and private-sector bodies, the panel has laid out certain amendments to...
More »Slowdown in rural wages not a temporary phenomenon -Ishan Bakshi
-Business Standard While the revised estimates of the gross domestic product (GDP) suggest the Indian economy turned the corner in 2013-14, concerns remain over the durability of this nascent recovery. Particularly worrying is the recent slowdown in rural wage growth, which signals a weakening of rural demand. Growth in rural wages, which had averaged 18 per cent in the previous few years, fell to less than five per cent in September...
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