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India’s 20 Largest Profit Generators Are Earning 80% Of the Nation’s Profits - Nandita Rajhansa, Saurabh Mukherjea

A decade ago, this figure was around 40%. This is leading to an increasingly polarised stock market - Marcellus/The Wire The United Payments Interface and the digitisation of business activity in India are one of the several factors driving an exponential surge in the concentration of corporate profitability in India. Improvements in transport infrastructure (e.g., the highway network has doubled over the past decade), the introduction of GST (in 2017) and new...

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FCI directs officials to accept only fortified raw rice

-Deccan Chronicle HYDERABAD: In a move that is likely to trigger a fresh controversy between the BRS government and the Centre, the Food Corporation of India (FCI) has issued directions to its officials in Telangana state to accept only fortified raw rice for public Distribution (PDS) starting on January 9. The FCI's circular may spark a verbal spat between the Telangana government and the Centre because some rice mills throughout the state...

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TN plans unique number for each state resident -Divya Chandrababu

-Hindustan Times Chief minister M K Stalin had during the assembly sessions spoken of data-centric governance and the TNeGA department is responsible for driving all technology initiatives for the state Government. The data would be available in English and Tamil Chennai: The Tamil Nadu e-governance agency (TNeGA) conducted a pre-bid meeting on Thursday as the state government is looking to build tools to create a unique individual number for each resident of...

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Understanding the rejig in India’s food security programme -Roshan Kishore and Pavitra Kanagaraj

-Hindustan Times India’s Public Distribution System (PDS) after the enactment of the National Food Security Act (NFSA) promises 5kg foodgrain per persons at a highly subsidised cost of ₹3/kg for rice, Rs.2/kg for wheat and Rs.1/kg for cereals. The government will stand to lose this revenue after the decision to make PDS entitlements free. New Delhi: On December 24, the Union government announced a rejig of India’s food security programme. It has...

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The Public Distribution System is more than free grains -Dipa Sinha

-Moneycontrol.com The free and subsidised grains are an implicit income transfer to people and ensure basic protection from starvation The Distribution of free grains through the Public Distribution System (PDS) under the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) has been one of the main relief measures undertaken by the Indian government in response to the economic distress brought about by the Covid pandemic. From April 2020 until the end of 2022,...

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