-The Indian Express The prime minister's Jan Dhan Yojana (JDY) is, in many ways, an improvement over previous financial-inclusion schemes. And with an aggressive target to cover 15 crore households with basic banking services, including an overdraft facility, debit card as well as accident and life insurance cover, it is the most ambitious attempt yet. However, to achieve its promise, the JDY needs to focus on implementation. As suggested by the...
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Good harvests, abundant inventory continue to drive international food prices down – UN
-United Nations Food markets are more stable and prices for most agricultural commodities are sharply lower than they have been in recent years, according to the latest edition of the biannual Food Outlook report released today by the United Nations Food and Agriculture Organization (FAO). According to a statement released by the Rome-based FAO, bumper harvests and abundant stockpiles are key factors helping drive down international food prices. World wheat production in 2014...
More »Report accuses India-born businessman of unchecked land grabbing across continents -Jitendra
-Down to Earth Sivasankaran's land grabbing spree has threatened millions of livelihoods, says report Indian origin businessman Chinnakannan Sivasankaran has engaged in aggressive land grabbing of more than half a million hectares across Africa, Asia and South America, putting millions of livelihoods at risk. This was revealed in a detailed report released by Barcelona-based non-profit GRAIN on Tuesday. The report says Sivasankaran diverted 0.56 million hectares of food-producing land to production of palm...
More »End-to-end solutions for food supply -Charan Singh, Padmakumar Nair and Shamil M
-The Hindu Business Line India now has the technology to track leakages at each stage in the public distribution system The Government has set up the Expenditure Management Commission to rationalise subsidies, among other expenditure items in India. India incurs nearly one per cent of food subsidy annually, generally utilised under the existing public distribution system (PDS) consisting of Food Corporation of India (FCI) and nearly five lakh Fair Price Shops (FPSs)....
More »Don’t blame MSP for inflation -Amartya Lahiri
-The Indian Express Ill-thought-out assertions about the efficacy of monetary policy can unhinge private expectations of inflation. The Indian Express recently published two articles by Surjit S. Bhalla on the subject of inflation in India (‘Where monetary policy is irrelevant', September 13 and ‘RBI, we have a problem', September 20). Bhalla's central thesis is that inflation in India is primarily driven by changes in the minimum support prices (MSP) for agricultural goods....
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