The well-intentioned food security Bill, cleared by the empowered group of ministers (EGoM) and now awaiting Cabinet approval, continues to raise issues that have not been fully resolved. Apart from the fact that it falls short of the Congress party’s election promise of guaranteeing nutritional security for the poor, it is still not clear how the government intends to mobilise the food stocks required to implement such a Bill across...
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Danger of inflation by CP Chandrasekhar
WELL before Budget 2010-11 was presented, inflation had emerged as the principal economic problem in the country. With food-price inflation running at close to 20 per cent, even the United Progressive Alliance (UPA) government at the Centre had been forced to recognise it as a problem that deserved as much attention as the objective of achieving a 9 or 10 per cent rate of growth, if not more. In fact,...
More »Food security bill back on Centre table
The draft Food Security Bill, which has returned to the negotiating table of the Empowered Group of Ministers (EGoM) after a gap, is, among other things, expected to witness discussions on the number of people to be covered by the scheme across the country, whether the other vulnerable sections of the society are to brought within its ambit, whether it should be confined to the distribution of either rice or...
More »A New Brand Driver by Ashok V Desai
We Indians implicitly believe in India’s great past. Recently, that past has been given a statistical underpinning by Angus Maddison. To celebrate the beginning of the 21st century, Maddison wrote a book called The World Economy: A Millennial Perspective. There he says that India was the world’s largest economy in the first millennium AD. It produced one-third of the world’s income in the first century, and 29 per cent in...
More »Rallying against hunger by Chandni Mehta
In a year of sparse rains and spiralling food prices, with hundreds of districts being officially declared as drought-hit, a rally by activists in the capital demands a Food Entitlements Act. Perhaps the most vocal demands at the rally were those aimed at a complete revamp of the Public Distribution System (PDS), starting with universal — instead of targeted — coverage. Over 5,000 grassroots activists, agricultural workers, farmers, lawyers, doctors and...
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