Cash transfer as substitute for state service provision is a dangerous recipe for callously anti-poor and corrupt governance. THE staggering number of recent articles, papers and books on the virtues of giving cash in place of public services to the poor has created an impression that a sort of epidemic has broken out. Economists, policymakers, bureaucrats and newspaper commentators are all infected by it and are in turn infecting others. The central...

Haryana government has made all arrangements for smooth procurement of wheat during the Rabi season-2011. The state government was committed to make the payments to farmers within 48-72 hours, said state minister for food and supplies minister HS Chattha here on Thursday. The minister said the state arranged cash credit limit of R7,373 crore for purchase of wheat from Reserve Bank of India. Chattha said that wheat procurement season had been notified...

The Budget should be an instrument of economic discipline and a promoter of healthy social development. As it is, it is like a leaky tap; it cannot halt inflation without disciplining political skulduggery. March 21, 2011:   A lot has been written about the Budget, how it affects this or that industry or business, or how it will increase or decrease the GNP growth rate. Undoubtedly, all those factors are important. But...

Prof Abhijit Sen, member of the Planning Commission, discusses Budget provisions related to the agriculture sector in an interview with Rajesh Bhayani and Sanjeeb Mukherjee. Sen feels, futures trading in essentials commodities like wheat and rice should not be allowed. According to him, India should follow China in having an agency for procuring commodities from the global market. There seems to a renewed focus in this Budget on ancillary items of...

The country’s food subsidy bill is expected to jump by 27 per cent to Rs 74,231 crore in the 2010—11 fiscal, the Lok Sabha was told today. This is due to a rise in support price and higher procurement and distribution of foodgrains via ratio shops. Last year, the government’s food subsidy bill stood at Rs 58,242.45 crore. “The amount allocated for food subsidy during 2010—11 is Rs 59,354.56 crore...Based on the actual...