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Why the Food Security Bill is neither populist nor unaffordable-Ashok Kotwal

-The Economic Times Criticism of the National Food Security Bill (NFSB) has led to the government dropping the idea of issuing an Ordinance and, instead, saying it would try to get the Bill passed in a special session of Parliament. But doubts persist over the very concept of the Bill. Is it not extravagant to subsidise food for such a large part of the population when the poor constitute only 30 per...

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Social Protection Can Help Overcome Poverty and Hunger -Jomo Kwame Sundaram

-IPS News ROME: The growing consensus, momentum and commitment to eradicate world hunger may seem overly ambitious in view of the slow progress in reducing the number of hungry people in the world in recent decades. After all, declining food prices in the second half of the 20th century, thanks to increasing production, were not enough to eliminate poverty and hunger in the world. In the 1960s and 1970s, many governments invested a...

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How to reduce our rotting mountains of grain

-The Economic Times India's GDP growth has almost halved from 9.2% in 2010-11 to 5% in 2012-12. Major problems include a high current account deficit, high fiscal deficit, and lack of bank credit for small and medium enterprises. All three problems can be mitigated substantially by one single measure - reducing excess food stocks. So say Ashok Gulati and Surabhi Jain, chairman and joint director respectively of the Commission for Agricultural...

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Reforms’ unintended fallout -Ashoak Upadhyay

-The Hindu Business Line A mint-fresh working paper by the Reserve Bank of India once again trains the spotlight on a problem that, for five decades, every policy-maker has planned to snuff out, failed to, and then wished it would go away if ignored. But financial exclusion simply hasn't, and we now have the central bank applying its forensic skills to an examination of its magnitude. The title of Working Paper Series...

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DBT scheme to be launched in 20 districts-Sujay Mehdudia

-The Hindu   It is likely to be extended to entire country from October The Petroleum and Natural Gas Ministry on Wednesday announced that the Direct Benefit Transfer (DBT) scheme for the LPG consumers, putting subsidy cash directly into the account of beneficiaries, would be launched in 20 districts with high Aadhaar card penetration from June 1. The scheme is likely to be extended to the entire country from October this year. However, the...

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