The World Bank has backed a controversial proposal to replace foodgrain allotment under the public distribution system with a system of direct cash transfer. The bank, which supports social security schemes in India, today said poverty reduction had been low and overall returns on spending to eradicate poverty had “not reached their full potential”. It attributed the low reduction to “high leakage” in the PDS system and its weak implementation mechanism. Earlier,...

Set to include them in BPL segment In a step which can have a major bearing on Dalit politics in the country and challenge Uttar Pradesh Chief Minister Mayawati’s undisputed hold over her caste people, the Centre is likely to carve out a special Mahadalit category and include them in the Below Poverty Line (BPL) segment. The proposal is expected to come up for discussion before the Union Cabinet on...

-The Business Standard   Union finance minister Pranab Mukherjee was being economical with the truth when he said that last Saturday’s petrol price hike decision was entirely that of oil marketing companies (OMCs). True, the government correctly but belatedly deregulated petrol pricing several months ago, but it is clear that despite a sharp increase in global crude oil prices in the past six months, the OMCs restrained themselves from increasing domestic...

Participants at a United Nations summit today outlined a 10-year plan to support the world’s most vulnerable countries overcome poverty, calling on the private sector to play a greater role in the fight, urging wealthy nations to step up their aid commitments and demanding the elimination of many trade barriers. The Istanbul Programme of Action to spur development and economic growth was made public at the end of the Fourth UN...

The Sonia Gandhi-led National Advisory Council has asked the Centre to ensure payment of the statutory minimum wages to domestic workers. In a note sent on May 4 to the government, which is framing a national policy for domestic workers, the council asked it to enshrine the right to pay without gender discrimination as laid down in the Equal Remuneration Act of 1976. Domestic workers were on a par with other workers...