The case of the Food Security Bill gets curiouser and curiouser. What started off as a fight between universalization and targeting has ended (or so it would seem) in a complete victory in the National Advisory Council, Government of India (NAC) for targeting through universalization (if such a thing was possible), with the honourable exception of Prof Jean Dreze, who has to be commended for his ‘note of disagreement’. On...
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Taking on NAC, babu calls for PDS wind-up by Rajeev Deshpande
While the Sonia Gandhi-led National Advisory Council's proposal on enhanced food security hinges on higher procurement and increased reliance on the public distribution system, there is a strong view in the government that overworking a creaking system is a bad idea. In a paper circulated within the government, chief economic adviser to the finance ministry Kaushik Basu has argued that what is needed for food security to work is a reduced...
More »Steady rise in TPDS allocation because of higher production: FCI
While the National Advisory Council (NAC), Planning Commission and the Prime Minister Office are grappling over the proposed National Food Security Bill, the government has been steadily increasing allocation under the Targetted Public Distribution System (TPDS) during last many years. According to Siraj Hussain, chairman and managing director, Food Corporation of India (FCI), with the rise in procurement of wheat and rice by the corporation during last few years, more and...
More »Nabard objects to proposal on business houses taking over RRBs by Dinesh Unnikrishnan
Even before the Reserve Bank of India (RBI) finalizes the guidelines for handing out new bank licences, its draft proposal has evoked unease in the National Bank for Agriculture and Rural Development (Nabard), which oversees the country’s 82 regional rural banks (RRBs). Nabard has taken exception to the banking regulator’s proposal to allow industrial houses to take over RRBs and convert them into full-fledged banks, saying such a move could dilute...
More »Cut-Rate Democracy by Pranjoy Guha Thakurta
Two years ago, when I told some of my more cynical fellow-tribals from the journalistic fraternity that I was about to complete a textbook on media ethics, they smirked. Media ethics? That’s an oxymoron, a contradiction in terms, they said glibly. What became apparent to me then was that the image of the journalist in India has taken quite a battering. There are many among the aam admi who still...
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