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Govt set to review buffer stock norms -Madhvi Sally

-The Economic Times The government is reviewing the norms for keeping buffer stocks of wheat and rice required at a particular time of the year to feed the public distribution system and welfare schemes. The demand for wheat and rice distributed through welfare schemes is expected to rise with the implementation of the food security law. "The government is looking at the issue and we are discussing it with different departments," KV Thomas,...

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A lot in the budget for agriculture -MS Swaminathan

-The Hindu Finance Minister P. Chidambaram’s budget for 2013-14 will be remembered not only for its strategies to stimulate economic growth and control fiscal deficit, but also for the importance given to the needs of the underprivileged sections of our society. In the field of agriculture, he has adopted the following three pronged strategy: 1. Defend the gains already made in the original green revolution areas like Punjab and Haryana: For this purpose...

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People, The Real Estate-Pragya Singh

-Outlook A new land acquisition bill readies for budget session. How will it fare? Bill Of Blights     Defines “public purpose” too broadly, allows govt to acquire land for PPPs     Less landowner consent required for PPPs than private-only projects     The bill’s compensation norms likely to face strict challenges in the courts     States have been given R&R powers but could lead to arbitrary outcomes     Doesn’t consider govt projects where compensation, R&R are neglected *** The...

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The Case for Direct Cash Transfers to the Poor-Arvind Subramanian, Devesh Kapur and Partha Mukhopadhyay

The total expenditure on central schemes for the poor and on the major subsidies exceeds the states' share of central taxes. These schemes are chronic bad performers due to a culture of immunity in public administration and weakened local governments. Arguing that the poor should be trusted to use these resources better than the state, a radical redirection with substantial direct transfers to individuals and complementary decentralisation to local governments...

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A woman-shaped gap in the Indian workforce-Jayan Jose Thomas

-The Hindu A mix of social constraints and dearth of employment opportunities has kept women out of the labour market, leading to a huge opportunity cost to the nation Women in India face enormous challenges for their participation in the economy — in a way that mirrors the many injustices they suffer in the society at large. The labour participation rate of women — that is, the number of women in the...

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