One man’s fiscal problem is another man’s lifeline. Trigger happy bureaucrats and economists may love shooting down subsidies because it bloats the fiscal deficit and burdens the government but the simple fact is that in a one billion strong nation, in which nearly one in every three live below the poverty line, one needs an effective and efficient method through which privileged tax payers can support the poor. Last week, finance...
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ADB calls for another Green Revolution
-The Hindu Food subsidies for poorest will help them cope: ADB A hike in the cost of food staples like rice and wheat could push tens of millions more people into extreme poverty in the South Asian region including India, says an Asian Development Bank (ADB) report. The Manila-based lending agency, in its report “Food Price Escalation in South Asia – A Serious and Growing Concern” released on Monday, however, said that food...
More »The Food, the Bad and the Ugly-P Sainath
Average per capita net availability of foodgrain declined in every five-year period of the 'reforms' without exception. In the 20 years preceding the reforms — 1972-1991 — it rose every five-year period without exception. The country's total foodgrain production is expected to touch a record 250 million tons this year (2011-12). Union Agriculture Minister Sharad Pawar PTI, February 17, 2012 Record foodgrain output of 235.88 million tons in 2010-11. Sharad Pawar, PTI, April 6, 2011 India's foodgrain...
More »Facts, not outrage
-The Business Standard Public discussion on falling poverty hits a new low The Lok Sabha was adjourned for a short duration on Wednesday following an uproar over the government’s latest figures for poverty. This follows widespread public outrage at those figures. A dispassionate observer of this discussion may be led to conclude that either poverty has risen dramatically or the government has somehow fudged the figures inexcusably and obviously. Elsewhere perhaps,...
More »‘Food inflation can push 3 cr Indians into extreme poverty’
-First Post A ten percent spike in food prices could push 30 millions more people into extreme poverty in India, a report by the Asian Development Bank (ADB) has said. Ironically, data released by the Planning Commission on Monday showed that poverty had declined significantly between 2004-2005 and 2009-2010.In absolute terms, there were 35.5 crore poor people in 2009-10 against 40.7 crore five years earlier. As per the data, poverty across the...
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