Indian Centre for Islamic Finance delegation makes presentation at Yojana Bhavan The Indian Centre for Islamic Finance (ICIF) has made out a strong case before Prime Minister's Economic Advisory Council member V. S. Vyas for introducing interest-free banking in the country at the earliest to ensure “inclusive growth with innovation” in accordance with the recommendations of the Planning Commission's Raghuram Rajan Committee. An ICIF delegation from New Delhi, led by its general...
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Differences remain over cash for grain by Liz Mathew
Differences between the National Advisory Council (NAC), headed by Congress party president Sonia Gandhi, and the government over the food security Bill have begun to narrow, but a suggestion by the agriculture ministry to offer cash to poor consumers in case sufficient foodgrain isn’t available remains a contentious issue.“We do not have any serious objections to the recommendations of the NAC. But the ministry wants to have the provision for...
More »Food Security Bill panel's report to be awaited by Gargi Parsai
Accelerating the process of framing a National Food Security Bill, Prime Minister Manmohan Singh on Tuesday convened a high-level meeting with his senior Cabinet colleagues to discuss aspects of the Bill and the recommendations made by the National Advisory Council (NAC).At the centre of the discussions was a letter written by NAC chairperson Sonia Gandhi to the Prime Minister on merging the Rural Development Ministry's exercise for identification of the...
More »Surge in Food Insecurity by J George
Every passing day makes it clear that the proposed food security law may not come by for a while. One report quoting the Planning Commission even suggested that it can be expected only in 2012. This Twelfth Plan (2012-17) launch has support from the concerned dual Ministry of Agriculture as well as Food, Consumer Affairs and Public Distribution. In that eventuality it does mean a surge in food insecurity.A dispassionate...
More »Experts group examines NAC recommendations on Bill by Gargi Parsai
Food Ministry asked how it proposed to reform PDS to plug leakages “Present procurement of foodgrains is between 50 and 55 million tonnes” In the first meeting on Friday of the experts group set up by Prime Minister Manmohan Singh to examine the recommendations of the National Advisory Council (NAC) on the proposed National Food Security Bill, senior officials were asked to come up with firm calculations. Chairman of the Prime Minister's Economic...
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