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No revision in poverty line cap by Plan panel by Nikhil Kanekal

The Planning Commission’s latest affidavit to the Supreme Court in the right to food case reveals it has not taken the court’s advice to revise the thresholds and spending that determine the poverty line, although the commission admits to spiralling food costs and inflation. The affidavit was filed in a public interest litigation being pursued by the People’s Union for Civil Liberties, which wants the government’s threshold of Rs. 12 and...

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Reasons for inflation known, but no light at the end of tunnel by Ashok Dasgupta

Planning Commission, RBI officials hold brainstorming deliberations with experts With the persistent near double-digit headline inflation, despite sustained increases in key policy rates by the Reserve Bank of India, turning out to be “a frustrating experience for policymakers,” senior officials from the Planning Commission, the Finance Ministry and the RBI met with a group of academic economic experts and representatives of the International Monetary Fund (IMF), the World Bank and the...

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Centre lifts ban on onion export following farmers' protest

-The Hindu   Faced with strong protests from farmers and a demand from the Maharashtra government, the Centre on Tuesday announced the lifting of the ban on export of onions with immediate effect. The decision was taken by the Empowered Group of Ministers (EGoM) on Food headed by Finance Minister Pranab Mukherjee. “Ban on onion export has been lifted,'' Union Minister for Science and Technology Vilasrao Deshmukh told journalists after the meeting. Union Agriculture...

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Is Rs. 25 all that you need for a day? by Gargi Parsai

In a startling affidavit before the Supreme Court, the Planning Commission has said an individual income of just Rs. 25 a day constitutes adequate “private expenditure on food, education and health.” The affidavit, submitted on Tuesday, bases its assertion on the findings of the Suresh Tendulkar Committee, which pegged the poverty line at Rs. 447 a month, or about Rs. 15 a day, at 2004-2005 prices. Experts reacted with dismay to the...

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Farmers' innovative work should be rewarded: Pawar

-The Times of India   Speaking at a seminar organized for honouring farmers here on Saturday, Union agriculture minister Sharad Pawar announced that awards should be instituted by all states for honouring innovative work done by farmers in the country. "Rajasthan has already started honouring farmers for their innovative work. The other states should also follow it. I will write to chief ministers of other states to start honouring farmers and give away...

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