The economist and political commentator who was appointed to a four-member team of the UN to recommend reforms to the global financial system critiques Budget 2010 Economist and political commentator Prabhat Patnaik, currently vice-chair of the Kerala Planning Board, is a strong critic of the government’s economic policies. In 2008, Patnaik, who has taught at JNU since the 1970s, was appointed to a four-member team of the UN to recommend...

IN GREEN-LIGHTING the new “nutrient- based” fertiliser policy, Finance Minister Pranab Mukherjee pulled off a political coup, overriding the objections of the once-powerful UPA allies, DMK and NCP. What’s more, it is those very critics who will be responsible for the actual delivery of benefits to farmers under the new scheme — which is a tall order. With Mamata Banerjee’s TMC putting in only a token caveat, the reservations of Union...

Ranchi: It was a budget aimed at sweetening the bitter price rise pill. From cutting down VAT on diesel, sweets and ice- cream to making Foodgrains available at Re 1 per kg for the poor, deputy chief minister Raghubar Das today presented an annual budget which focused on rural development, food security and social welfare. Chanting the “inclusive growth” mantra, Das, the BJP face in the Shibu Soren government, showed...

Orissa will soon formulate a state food processing policy to woo private investment in this potential sector. “A draft policy has been circulated among all stakeholders for their comments after which it will be finalised,” said chief minister Naveen Patnaik while inaugurating an agri and food processing conclave here today. Inviting private investors to invest in this sunrise sector, Naveen assured all necessary support required to promote agri and processed food products. Stating...

An empowered group of ministers (eGoM) has urged the government to delink the proposed National Food Security Act (NFSA) from nutritional security and keep the issue price of wheat and rice flexible under the Act. But a top official of the agriculture ministry said some members of the Congress-led United Progressive Alliance government want NFSA to be an “umbrella legislation” addressing social security concerns. “The finance ministry is of the view that...