-Reuters BANGALORE: Inflation likely picked up slightly in July as its falling currency pushed up the price of imports, making raw materials more costly, and on rising food prices, a Reuters poll showed. Wholesale prices, India's key inflation measure, rose an annual 5 percent last month, the poll of 30 economists showed, hitting the ceiling of the Reserve Bank of India's commonly perceived comfort level. That was up slightly up from June's 4.89...
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Mid-day meal at Rs 3.34: Any wonder kids die?-Deepak Kumar Jha
-The Pioneer A reality check for the ever- increasing inflation era exposes the farce of Government-sponsored Mid-Day Meal Scheme (MDMS). When pulses are priced at Rs 90 per kg, inferior quality of rice or wheat at Rs 20 per kg, vegetables at Rs 40 a kg and edible oil over at Rs 100 per kg, providing a quality meal at Rs 3.34 to a child is impossible. According to several NGOs/SHGs...
More »Lessons from the tragedy in Chhapra -Harsh Mander
-Live Mint We need to further strengthen and resource the mid-day meal scheme, and not consider its curtailment or dilution The bone-chilling tragedy of 22 children dying in Chhapra in rural Bihar after having their mid-day meal at a government school has rightly shaken the public conscience. But we should resist the temptation of simplistic knee-jerk conclusions, or from attributing blame to the local officials alone or to the state administration....
More »Food Security Bill to partly hurt ongoing recovery; 1QFY14 earnings in focus
-The Economic Times MUMBAI: The Union Cabinet this week passed an ordinance to implement the National Food Security Bill (NFSB). The bill guarantees legal entitlement of food grains at a subsidised price to ~67 per cent of India's population. The ordinance will come into effect immediately once it is signed by the President. But it also needs to be approved by both the houses of Parliament in the monsoon session within six...
More »A food security ordinance that will stimulate food inflation is passing strange
-The Times of India The Parliament's monsoon session is only about a month away. That the Union cabinet has yet taken the ordinance route to implement the national food security Bill signals the scam-tainted UPA government's desperation to woo voters before the next general elections. But the hope that expanding what is already one of the world's largest food security programmes will boost political fortunes is hallucinatory. The exchequer is already...
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