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Why India needs a futures exchange for water? -Nilanjan Ghosh

-The Hindu Business Line The risk of water availability is a painful reality in south Asian agriculture including India. Any deviation from the monsoon causes problems for the farm community and poses threat to food security in the region. The variability in precipitation in India has actually increased in recent years. While comparing the variability of precipitation (given by standard deviation) between two phases, 1950-75 and 1976-2010, in two geographically dispersed districts...

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Food security Act also covers foreign nationals, refugees, says Law Ministry -Amitav Ranjan

-The Indian Express MEA has been asked to provide details of the allowance to refugees to ascertain if they could be brought under food security The Union Law Ministry's opinion is that the food security legislation covers not just Indians but also foreign nationals and refugees. The ministry's legal affairs department gave this opinion in the backdrop of a 2012 petition by the Mool Pravah Akhil Bharat Nepal Ekta Samaj, saying that "the...

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Food subsidy can fill poverty gap, twice-Puja Mehra

-The Hindu Union Finance Minister P Chidambaram's estimate for India's 2014-15 food subsidy bill of Rs 1,15,000 crore in the interim budget is more than twice of India's Poverty Gap, or the cost of pushing all households above the poverty line if cash transfers were used instead. The Poverty Gap for India, as per the latest NSSO Consumption Expenditure Survey data available (for the year 2011-12) is Rs. 55,744 crore. A...

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Budget 2014: Political move? UPA shifts power over huge spending to states

-The Times of India NEW DELHI: The next government at the Centre will have far less money to play with, thanks to something Chidambaram has done. He has transferred substantial control over spending on centrally-sponsored schemes such as employment guarantee and Sarva Shiksha Abhiyan to the states. In the coming year, the amount is Rs 3.4 lakh crore. State governments will be pleased. Political observers see it as a move to curry...

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Spending on subsidies surged, education and health lagged during 10 years of UPA -Sidhartha

-The Times of India NEW DELHI: When finance minister P Chidambaram presents his first interim budget on Monday, he is expected to devote a significant chunk of his speech - which may be between 12 and 18 pages - to UPA government's spending on social sector schemes, especially health, education and rural development. But what is probably going to slip through is the fact that these sectors actually witnessed a comparatively...

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