The government plans to pay `80 every year for three years to state-owned banks for each account they have for a beneficiary of the rural job guarantee scheme. This is expected to provide an incentive to lenders to ensure quicker delivery of wages under India’s flagship welfare programme. “We have made a proposal to the finance ministry that a public sector bank gets paid `80 per year for each MGNREGA (Mahatma Gandhi...
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Govt knocks off key provisions in Bill by Samar Halarnkar
New tensions are emerging between the government and its think tank, with the food ministry making major changes to a National Advisory Council (NAC) draft of a new law slated to become the blockbuster social-security scheme of the United Progressive Alliance (UPA) government’s troubled second tenure. Key provisions of the national food security Bill, 2011, due to be introduced in Parliament’s next session starting 2 August, and estimated to cost the...
More »Montek panel for UID use to plug PDS leakages
-The Business Standard A panel headed by Planning Commission Deputy Chairman Montek Singh Ahluwalia has advocated the use of unique identification numbers to plug loopholes in the public distribution system (PDS). The working group on PDS reforms, which finalised its draft report today, has also suggested a nationwide computerised system for tracking transportation and distribution of PDS items. “We have approved the draft report and will give it to the Prime Minister...
More »Challenging the poverty dimension of inflation by Madan Sabnavis
A perverse, yet novel reason put forward to explain high inflation is that the poor are eating more as they are becoming less poor. The Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) has been extolled for being responsible for higher consumption, which in a way is a vindication of high inflation. The extended logic used here is that if the poor are eating more and we are paying high...
More »Spending pattern points to India's rich-poor divide by Indivjal Dhasmana
The gap in consumption spending between poor and rich is more in urban areas than rural. Apart from much inequality in consumption between urban and rural areas. Consumption per capita was 5.6 times less in a month for the bottom ten per cent of the population than the top 10 per cent in rural areas during 2009-10. The disparity increases to 9.8 times between the two classes in urban parts, according...
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