-The Hindu BJP Chief Minister Raman Singh is the face of the reformed public distribution system in Chhattisgarh and indeed, he is still banking on it for a third consecutive term despite the anti-incumbency factor against several MLAs and a few ministers in his council. In his recent vikas yatra, he showcased development and focussed on the path-breaking Public Distribution System (PDS) reforms that were dovetailed into the Chhattisgarh Food Security Act...
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Onions at Rs 20/kg? Not so far-fetched; Building buffer & imports can make them cheap-Ashok Gulati
-The Economic Times If I say today that I am ready to supply onions, in an improvised form, at Rs 20/kg home delivered, and round the year, people may think either I have gone crazy or I am dipping into the general exchequer to pull off a massive subsidy scheme for onions. Wrong. I will make a cool profit of 15 to 20% in this deal, do a great service to...
More »What's cooking in inflation numbers?-Soumya Kanti Ghosh
-The Business Standard Changing aspirations and strong rural demand could explain why core inflation may not decline fast enough Recently, the Reserve Bank of India governor exuded confidence that the Indian economy will do fairly better in the current fiscal. While it is difficult to envisage a significant turnaround, we believe interpreting the recent inflation uptick may be the key to such optimism. We also think that inflation (both wholesale and retail)...
More »$15 bn rollover of subsidy costs into next budget?
-Reuters The finance minister is finding it harder and harder to meet the government's budget promises and may sweep as much as $15 billion in subsidy costs into next year's accounts to ensure he hits fiscal targets ahead of the Lok Sabha, ministry officials say. Finance minister, P Chidambaram, insists that the fiscal deficit target of 4.8% of GDP for the year to March 31, 2014, is a red line that will...
More »Halt Identifying Food Scheme Beneficiaries: EC to Govt
-Outlook New Delhi: The Election Commission has asked the Delhi government to stall the process for identifying beneficiaries under Food Security scheme till December 5 when the poll process in the national capital will be over. The EC directive came in reply to a request from Delhi government to continue with identification of beneficiaries as the scheme has already been launched in the national capital. Delhi government had launched the scheme in...
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