-Frontline A critique of the report of the high-level committee on restructuring the FCI and reviewing its role by TK Rajalakshmi SOON after assuming power at the Centre, Narendra Modi's National Democratic Alliance government set up a high-level committee on re-structuring the Food Corporation of India that was mandated to make the food management system more efficient. It was headed by Shanta Kumar, former Union Minister for Rural Development and former Chief...
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Govt may slice subsidy bill by $8 bn in Budget 2015-16
-Reuters Subsidy cuts may still fail to impress investors: Experts New Delhi: India may slash its food and fuel subsidy bill by about $8 billion in next week's budget, two sources said, but despite the impressive headline, the cut is not as radical as free market champions had hoped for in Prime Minister Narendra Modi's first full budget. Most of the 20 per cent cut in the budget for subsidies results from lower...
More »Centre in no hurry to cut PDS cover for poor -Gargi Parsai
-The Hindu Shanta Kumar panel favoured a drastic cut in beneficiaries The Narendra Modi government is not in a hurry to accept the controversial recommendation of the Shanta Kumar panel to cut the public distribution system beneficiaries for subsidised foodgrains to 40 from 67 per cent under the National Food Security Act, highly placed government sources have indicated to The Hindu. With several crucial Assembly elections in the offing this and the next...
More »Direct cash transfers will give spending boost to economy. Crisil explains how -Seetha
-FirstPost.com So we're all familiar with the argument that direct cash transfers (also known as direct benefit transfer or DBT) is a more efficient and cheaper way of delivering subsidies to the poor. Did you also know that this could also give a spending push to the economy? That's what a Crisil Insight report, Cascading cash, catalysing consumption, says, pointing out that an unconditional cash transfer will raise the discretionary spend of...
More »Food security, a slippery slope -S Ramadorai
-The Hindu Business Line There's no Malthusian problem right now, but without sustainable farming the world will be in serious trouble Food security, a seemingly innocuous phrase, is fast becoming one of the most widely discussed topics of our time. A lot of us would associate ‘food security' as a challenge for the impoverished but it could potentially become a much more widespread problem straddling across geographic and economic divides. The issue of...
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