-The Times of India The Union Cabinet on Thursday cleared setting up a national level social security fund for unorganized workers. The proposed National Social Security Fund will have an initial corpus of Rs 1,000 crore and will benefit 43.3 crore workers in the unorganized sector. Unorganized workers form the most significant part of total workers in the country and suffer from cycles of employment and absence of social security...
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Food security to create permanent wheat shortage by Nidhi Nath Srinivas
From next year, atta,bread,biscuits ,snacks and everything made from maida and sooji will become seriously more expensive. Even after a bumper crop, there just won't be enoughwheat for us. ET helps you join the dots. The trigger for wheat inflation that will hit each one of us is the Food Security Act, which kickstarts next year. The Food Corporation of India (FCI) will need substantially more wheat to supply three...
More »Food subsidy bill shoots up by a whopping of Rs 34,738 cr by Prabha Jagannathan
The Centre's food subsidy bill, incurred mainly on account of reimbursemnet of economic costs to theFood Corporation of India for grain procurement, holding and transportation, has shot up by a whopping Rs 34,738 crore compared to the budgetary allocation for 2011-12. This is mainly due to government buys of a record foodgrain crop in the 2010-11 agricultural year (july-june).The original subsidy for the year was estimated at Rs 47,239.8 crore....
More »Construction works destroy amission, bleed health funds by Pravin Kumar & Shailvee Sharda
The flexipool of National Rural Health Mission (NRHM) funds has been the juiciest target for fund plunderers. The head under which huge budget was earmarked for activities like construction and strengthening of healthcare facilities, provided ample scope for pilferage. The pattern of spending on infrastructure building and maintenance proves how extravagant UP has been on this count. Every single year, since the inception of the NRHM in 2005-06, the state...
More »Cash crisis threat to record harvest by Samar Halarnkar
Less than a week after India announced a record harvest, Hindustan Times has learnt that the nation’s main grain-buying agency is running out of money for its massive nationwide purchase operation. Over the last month, the state-run Food Corporation of India (FCI) has twice stopped payments to state governments, various grain-purchasing agencies and rice millers who buy wheat and rice, the main food crops, from millions of farmers, a senior...
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