In more ways than one the calendar year 2010 would go down the memory lane as a watershed year for the food and agriculture front in the country which recorded unprecedented growth rate of 4.4 per cent in July-September quarter but by December unprecedented price hike of essential food items especially left consumers in tears. As the year comes to an end, an embattled government and the Union agriculture ministry stood...
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Interest-free banking urged
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...
More »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 »Rangarajan panel grapples with survey methodology by Gargi Parsai
As to who should conduct the survey to identify the ‘priority' and ‘general' categories of households as recommended by the National Advisory Council (NAC) was an issue that the expert panel headed by chairman of the Prime Minister's Economic Advisory Council, C. Rangarajan, grappled with in its meeting here on Tuesday.The NAC has recommended that legal entitlements to subsidised foodgrains be extended to at least 75 per cent of the...
More »PM panel report on NAC food plan soon by Zia Haq
An expert group appointed by Prime Minister Manmohan Singh to examine recommendations of the Sonia Gandhi-led National Advisory Council on a draft food security law will present its findings by December-end. The NAC, which steers the UPA government’s social agenda, had drafted a framework for the Food Security Bill, which was presented before the expert group on November 26.“We are looking at the implications of the proposed provisions of the food...
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