The government has set the ball rolling for estimating black money by signing agreements with three leading think-tanks NCAER, NIFM and NIPFP to conduct study on unaccounted income generated inside and outside the country. They have been given 18 months to complete the study and also suggest administrative and legal measures to prevent generation of black money, according to sources. The first study on unaccounted money was conducted by NIPFP way back...
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CACP backs subsidy tool for hybrid rice use by Sanjeeb Mukherjee
The Commission for Agricultural Costs and Prices (CACP), the government's main advisory body on pricing policy for farm produce, has favoured a subsidy mechanism to encourage use of hybrid rice varieties. The commission's views are likely to be a part of the recommendations it plans to send to the government on pricing of farm produce. "China has gone ahead in hybrid rice and around 63 per cent of its total area is...
More »Money where the mouth is by E Somanathan
As of 2006, over 43% of Indian children under five were malnourished, a rate that has barely budged since the early 1990s. This gives India the dubious distinction of having the highest percentage of malnourished children in the world. There are at least 53 poorer countries with lower malnutrition rates, including Bangladesh, Nepal, Haiti and several African countries. At Independence, India was poor, so it wasn’t thought possible to guarantee...
More »India's overflowing grain bins may lead to crisis, warns key farm panel by Rishi Shah
A key government panel has warned that the country's overflowing grain bins will lead to a crisis if the government did not come up with a plan to dispose of the stored grain . The Commission for Agricultural Costs and Prices (CACP) painted the grim picture in a presentation to Prime Minister Manmohan Singh last week. It said the Centre, which is the biggest buyer of grain in the country, was sitting...
More »Growth as tool to alleviate poverty
The Prime Minister's focus on double-digit growth is not due to any ‘growth mania'. It is for the benefit of the poor. At a recent function for police officers, the Prime Minister observed: “If we don't control Naxalism, we have to say goodbye to our country's ambition to sustain a growth rate of 10 to 11 per cent per annum.” Some commentators (like Prof Prabhat Patnaik of JNU) interpret this (in a...
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