India's finance minister announced on Monday a food security bill for 2011/12, a measure that would provide cheap grains for millions of India's poor but which has sparked worries of a huge fiscal cost. It was one of the first signs of populism in the annual budget as Prime Minister Manmohan Singh confronted high prices and corruption scandals as well as elections in five states this year. In his ongoing budget speech,...

“To ensure greater cost efficiency, better delivery” Seeking to address the issue of subsidies not reaching the targeted groups, Finance Minister Pranab Mukherjee on Monday proposed to provide a direct cash subsidy on fuel and fertilizers to the poor from March, 2012. “To ensure greater cost efficiency and better delivery of kerosene and fertilizers, the government will move toward direct transfer of cash subsidy for people below poverty line (BPL) in a...

The Plastic Waste (Management and Handling) Rules, 2011 notified by the Ministry of Environment and Forests, should be viewed by State governments and municipal authorities as a good blueprint for a much-needed civic clean-up. The Central Pollution Control Board estimates the consumption of plastic products in India to be of the order of eight million tonnes a year. This ranges from shopping bags to household and industrial material. The volume...

Although finance minister Pranab Mukherjee had promised food security and inclusive growth in his budget speech last year, hunger continues to stalk over 300 million citizens of the country. India slipped to 67th place in the Global Hunger Index 2010 rankings of 122 countries prepared by International Food Policy Research Institute. An Oxford University report said that 410 million Indians live in poverty. While there may be nit-picking over the...

The Supreme Court will hear in open court on February 28 the curative petition filed by the Union government seeking enhancement of compensation of $470 million for Bhopal gas victims. The petition said the compensation, determined by the Supreme Court in 1989, was arrived at on the basis of assumptions of truth unrelated to realities. A five-judge Bench comprising Chief Justice S.H. Kapadia and Justices Altamas Kabir, R.V. Raveendran, B. Sudershan...