The Centre will set up a Central Food Security Fund to monetarily compensate the Below Poverty Line (BPL) beneficiaries of the Targeted Public Distribution System (TPDS) who fail to get the proposed mandatory 25 kilograms of wheat or rice per family per month at a subsidised rate of Rs. 3 per kg. The compensation would be at the economic cost of the Foodgrains so that an entitled beneficiary can buy grains...

In its visits to about 10 to 12 States across the country so far, the Central Vigilance Committee on Public Distribution System (PDS), constituted under the order of the Supreme Court, has received complaints mainly about improper working of the PDS and diversion of Foodgrains into the black market. The committee, under the chairmanship of Justice D.P. Wadhwa, former judge of Supreme Court, conducted a public hearing in Puducherry on Tuesday....

Political influence and interference hampering distribution, says court-appointed vigilance panel  Large-scale diversion of Foodgrains; black marketing by fair price shop dealers All-round complicity among FPS, transporters and corrupt Civil Supplies officials The Supreme Court-appointed Central Vigilance Committee (CVC) has slammed the Public Distribution System as one of the most corrupt sectors, saying the root cause of its failure in several States is political interference. “Corruption is all pervasive in the entire chain involved...

There is little or no doubt that the idea of direct cash transfers to India’s poorest has some heavy hitters behind it now. Besides the now famous second chapter of the Economic Survey and definite hints (and some statements that were more than hints) from Finance Minister Pranab Mukherjee, several state leaders have spoken up in favour of it. Bihar Chief Minister Nitish Kumar has more than once said that...

WELL before Budget 2010-11 was presented, inflation had emerged as the principal economic problem in the country. With food-price inflation running at close to 20 per cent, even the United Progressive Alliance (UPA) government at the Centre had been forced to recognise it as a problem that deserved as much attention as the objective of achieving a 9 or 10 per cent rate of growth, if not more. In fact,...