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Wake up, smell the leakage -Ashok Gulati & Prerna Terway

-The Indian Express Substantial number of interest subvention scheme loans are diverted to non-agricultural uses. Government must switch to an income-support subsidy regime The Union budget for 2016-17 has provisioned Rs 15,000 crore on account of interest subvention for short-term agricultural credit, up by Rs 2,000 crore over the revised estimate for FY16. The mere shifting of this line item from the department of financial services to the department of agriculture...

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Cash transfers: Lost in transactions -Aarushi Kalra

-The Tribune The Centre for Equity Studies, Delhi, conducted a survey to gauge the impact of the switch to cash transfers on the consumption patterns of the poor in Chandigarh. The preference for kind vis-a-vis cash transfers was recorded. Importantly, public opinion found no place in the decision- making process. Feroza Begum had to make a choice between food security and her children's education. Allow me to rephrase it: Feroza Begum had...

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Indian agriculture yet to catch up with neighbours on public spending, indicates IFPRI report

Amidst the prevailing gloominess over agrarian crisis, a recently released report says that the growth rate of agricultural output in both India and China were the same during 2008-2013. The agricultural gross domestic product (GDP) of both these countries on an average grew at 3.3 percent per annum during that period. The latest available data from the 2016 Global Food Policy Report, however, indicates that the neighbouring countries of Sri Lanka...

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MGNREGA will not suffer due to arrears of last fiscal, clarifies government

-The Times of India NEW DELHI: The government has rubbished media reports that performance of Mahatma Gandhi National Rural Employment Guarantee programme in the current fiscal year will suffer due to arrears of wages of over Rs 8000 crore in 2015-16. Stating that certain facts in the reports have been highlighted without appreciating the larger picture, the government has clarified that is committed to ensure flow of adequate resources to the programme...

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Clearing the air on LPG -Siddharth George & Arvind Subramanian

-The Indian Express Several questions have been raised about our estimates of the savings from the DBT scheme for cooking gas. But all parties accept that the programme reduced subsidised sales by 24 per cent. Direct cash transfers have the potential to improve the economic lives of the poor by transferring benefits to households quickly and directly. Achieving these benefits requires thoughtful design of schemes, and careful, rigorous analysis of ongoing...

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