The Union budget estimates the nominal rate of growth for the Indian economy to be 12.5 per cent during the current fiscal. While it is impossible to figure out the manner in which this number was arrived at, the government has predicted further that the inflation-adjusted real growth rate for the same year will be eight per cent. Simple arithmetic requires that the difference between the nominal and real growth...

Sonia-led council to discuss “procedures” and Food Security Bill The Sonia Gandhi-led National Advisory Council (NAC), in its second avatar, is looking to expand its mandate. On Thursday, when its members assemble for its first substantive meeting, the NAC will discuss “procedures,” alongside the crucial — and now controversial — Food Security Bill, while a sub-committee will tackle the Communal Violence Bill. The Communal Violence Bill will come up before the NAC...

School feeding programmes, which provide meals so that millions of children in poor countries can attend classes, can be broadened to reach even more pupils with the help of donors and partnerships, the United Nations World Food Programme (WFP) said today as it called for increased international support. Nancy Walters, the chief of school feeding policy at WFP, told a New York forum on hunger that the programmes have many...

Furious debates among policymakers about the proposed national food security law largely revolve around its financial repercussions. The Planning Commission is finally coming around to accepting the Tendulkar Committee’s estimates of 37.2 per cent BPL population or 8.5 crore BPL households. The fiscal burden in implementing the food security law for 37.5 per cent BPL population, with each household being provided 35 kg food grains, is estimated to be Rs...

India has been lauded for its remarkable overall economic growth of over 8% over the last five years. But despite this high and relatively stable growth, India's underbelly is soft. The agriculture sector is performing below expectations, with growth rate of around 2.8%, it is way below the Eleventh Plan target of 4%. The Food and Agricultural Organisation (FAO) estimates that 22% of India's population is undernourished. Child malnutrition is...