The Centre will set up a Central Food Security Fund to monetarily compensate the Below Poverty Line (BPL) beneficiaries of the Targeted Public Distribution System (TPDS) who fail to get the proposed mandatory 25 kilograms of wheat or rice per family per month at a subsidised rate of Rs. 3 per kg. The compensation would be at the economic cost of the foodgrains so that an entitled beneficiary can buy grains...

There is little or no doubt that the idea of direct cash transfers to India’s poorest has some heavy hitters behind it now. Besides the now famous second chapter of the economic survey and definite hints (and some statements that were more than hints) from Finance Minister Pranab Mukherjee, several state leaders have spoken up in favour of it. Bihar Chief Minister Nitish Kumar has more than once said that...

Biotech technicians neither have the knowledge of gene ecology nor the expertise in multiple disciplines.    After the minister of environment Jairam Ramesh announced a moratorium on Bt brinjal, article after article in the media has denounced the decision, saying such decisions should be left to ‘scientists.’ The issue is however not science vs anti-science. It is reductionist science vs systems science. The moratorium took into account the best of science. Many...

Forget the rhetoric, the FM’s left little for core social sectors The Union finance minister’s enthusiasm in marking the roadmap to financial discipline and pushing reforms in Budget 2010 is somehow missing in his proposals for inclusive growth. These proposals lack the required homework—in referring to relevant literature, including some recent government reports, and in making estimates of the required funds—and certainly do not reflect much commitment to inclusive growth. Agriculture—which...

With the government successfully managing to partially lighten its burden by switching over to a nutrient-based subsidy scheme for fertilizers, the economic survey has now raised questions on the impact that food, fertilizer, kerosene and diesel subsidies have on poverty eradication. Instead, it has pitched for direct subsidy to the poor instead of price control, ostensibly to reduce diversion to the open market, leakage and adulteration. “The impact of these [food, fertilizer,...