Social priorities have received scant fiscal attention There is good reason to feel let down by this year’s budget for the advancement of social sectors. The disappointment is more given that the Union finance minister opened his speech by stating that “we are reaching the end of a remarkable fiscal year” and followed it up by immediate assertions that “growth in 2010-11 has been swift and broad-based”, that “the economy...

The Right to Food Campaign on Monday announced its decision to launch a country-wide protest against the National Advisory Council's framework for the proposed National Food Security Bill, which, they said, fell short of people's expectation of a comprehensive food security bill that addressed nutrition and livelihood issues. “Even the budget proposals show no commitment to food security of people,” Campaign Convener Kavita Srivastava told journalists here. Failed to seize opportunity “By proposing...

Two key issues Budget-2011 is seen as having failed to address are inflation and mass hunger. Finance Minister Pranab Mukherjee announced in his budget speech that the long-promised National Food Security Bill would be moved in Parliament “during the course of this year” but failed to make any financial allocation to back up this statement. Against the backdrop of fresh warnings by experts that the outlook is grim given the...

The United Nations Children's Fund (UNICEF) on Sunday released the Humanitarian Action for Children Report, 2011, requesting $1.4 billion in its appeal to donors to assist children and women caught in the throes of crises. The report highlights 32 countries and emphasizes the increasing importance of strengthening the resilience of communities. “Investing in children and building the resilience of countries and communities living on the edge not only shortens their road...

Centre to also give 50% subsidy for new mills, technical help to cultivators. The Union agriculture ministry has identified eight states where the Budget annoucement on expanding the area under oil palm cultivation can be implemented. It has decided to provide 50 per cent subsidy for setting up palm oil extraction units. India imports about 8.2 million tonnes of edible oil in a year and 80 per cent of this is palm...