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Stupid to abolish PDS, says Plan panel’s Abhijit Sen

-The Indian Express   A day after the World Bank suggested that India should shrink its public distribution system (PDS) in favour of more cash transfers, Planning Commission Member (Agriculture) Abhijit Sen told select mediapersons it would be “stupid to abolish PDS”. A World Bank review of India’s social sector programmes titled “Social protection for a changing India”, commissioned by the Planning Commission, said though the PDS costs just 1 per cent...

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BPL poverty cap placed at 46% by K Balchand

Census will be based on automatic exclusion and inclusion criteria The Below the Poverty Line (BPL) census, approved by the Union Cabinet on Thursday, will be an exercise in identifying households that will fit the bill within the poverty cap of 46 per cent of the rural population of India. The identification of the 46 per cent poverty cap, estimated by the Planning Commission, will be done through a set of automatic...

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Food Inflation in India to Climb on Labor, Energy Costs, Commission Says by Prabhudatta Mishra and Pratik Parija

Food-price inflation in India, Asia’s third-largest economy, may accelerate in the second half as farmers are paying 20 percent more to grow crops, according to the commission that helps set minimum farm-product prices. “The cost of production is going up very fast,” Ashok Gulati, chairman of the Commission for Agricultural Costs and Prices, said in a telephone interview yesterday. “The labor cost has gone up dramatically in the past one year...

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India 'redefines' poverty for new survey

-BBC   India's cabinet has approved a proposal for a survey to identify people living below the poverty line, which also redefines what constitutes poverty. It will classify the rural poor into "destitutes, manual scavengers and primitive tribal groups". Urban poor will be defined as those in vulnerable shelters, low-paid jobs and homes headed by women or children. The survey, to be conducted alongside a caste census later this year, will help identify those...

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Basics of the debt demon by Devadeep Purohit

Mass leaders in India have a tradition of broaching BSP —bijli, sadak and pani — issues to strike a chord during election rallies. However, in almost each of her 150-plus rallies across the state in the election season, Mamata Banerjee deviated from the conventional mix and squeezed into her speech phrases like debt burden, public finance and economic recovery. Whether such esoteric terms found resonance or not, Mamata did get across the...

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