-Live Mint The right to food campaigner talks about the importance of the Bill in an interview The National Food Security Bill (NFSB) is just a signature away from becoming law after being passed by the Rajya Sabha on Monday. It was passed by the Lok Sabha on 26 August and needs the President's signature to be enacted. Critics have dismissed the proposed legislation as a drain on India's resources. Dipa Sinha,...
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Growth slowest in four years
-The Telegraph The Indian economy grew at just 4.4 per cent in the first quarter ended June 30 - its slowest pace in four years. The grim figure deepened worries for the UPA government, which has been battling criticism over its failure to halt the slide in the rupee, cap deficits, ignite growth and slam the lid on inflation. The tepid growth had been anticipated with finance minister P. Chidambaram acknowledging a few...
More »CAG slams govt on capital spending, rural job schemes
-The Financial Express Amid the government's efforts to curb fiscal deficit, the Comptroller and Auditor General (CAG) on Tuesday criticised the Centre for cutting down on capital spending, over-stating spending on centrally sponsored schemes and doling out some subsidies without obtaining Parliament approval. UPA's flagship scheme Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) also came under the scanner with the CAG questioning whether the entire amount booked for the job scheme...
More »Why the food security bill matters to developing Asia-Vinod Thomas
-The Economic Times For all the controversy around it, the breathtaking scope of India's food security scheme for nearly two-thirds of the population sends a powerful message across developing Asia. The region leads the world in the pace of economic growth, yet public spending on social protection as a share of GDP is lower than that in any other region except sub-Saharan Africa. Economic growth is a proven means to lift millions...
More »This bill won’t eat your money -Sabina Alkire
-The Hindu The expenditure on providing food security will add minimally to India's public spending which is less than what even lower middle income Asian countries spend on social protection In recent media coverage, critics often argue that the cost of the National Food Security Bill (NFSB) is excessive. The Economic Times referred to the NFSB as a "money guzzling measure" and according to CNBC-TV18, Rahul Bajaj, chair of Bajaj Auto, said...
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