U.N. report says this will consolidate the region's economic recovery Even in crisis, Asia-Pacific still the fastest-growing region Increased social spending directly supports income security for households A United Nations report has called upon governments in the Asia-Pacific region to increase social spending to consolidate the region's stronger than anticipated economic rebound and to spur over the long term a fairer, more balanced, and sustained economic recovery. The Economic and Social Survey of...
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Ensure long run for food coupons by Shanto Ghosh
SINCE THE RELEASE OF THE ECONOMIC Survey, 2010, in February, much has been discussed — but far less debated — on the issue of substituting India’s public distribution system (PDS) with a food coupon-based targeted subsidy programme to benefit the below-poverty-line (BPL) families. As a leading proponent of this programme, the economic adviser to the finance ministry, Kaushik Basu, has gone on record advocating the use of food coupons declaring...
More »Food subsidy bill likely to rise by Rs 6,000 cr in FY11 by Prabha Jagannathan
THE government will need to shell out Rs 6,000 crore more in food subsidy to support poor families under the proposed Food Security Act due to the revised estimate of the number of poor families in the country. Food subsidy will account for about 1.1% of the gross domestic product in the current fiscal year, compared with 0.9% last year, said a study by Deutche Bank. The Union budget has...
More »Big Phoney Lists by Pratap Bhanu Mehta
The institution of the BPL list has probably become the most potent symbol of the self-defeating approach of the Indian state towards poverty. Ostensibly this list, that identifies households below the poverty line so that benefits can be directed towards them, was meant as an instrument of poverty alleviation. Now it has become one of the biggest sources of obfuscation of the challenges of poverty. A poverty line is, at...
More »Good wheat crop to ease inflation: Montek
A good wheat crop this season is likely to ease the near double digit inflation in the next 2-3 months, Planning Commission Deputy Chairman Montek Singh Ahluwalia said today. "This season very good harvest (wheat) is coming in. There is ample stock of foodgrain in the country. So the inflation psychology would be broken," Ahluwalia told reporters here. The wholesale price index (WPI) is currently nearing the double-digit mark, with the March-end...
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