If we get it right, the Food Security Bill carries the potential to alter the destinies of millions of India's poor and disadvantaged people, by assuring them as a legal right sufficient food to live with dignity. It was approved by the Cabinet after over two years of intense, sometimes fractious debate. Opinion in the Cabinet itself was reportedly divided around the proposed law. Gaping divisions persist, even as the...

-The Times of India   Finance minister Pranab Mukherjee said on Friday that opening up of the multi-brand retail sector to foreign investment was still on the "mind of the government" and it would be pursued once consensus emerged among political parties and other stakeholders. Mukherjee blamed lack of consensus among political parties for the government's inability to implement the reform measure but said it did not reflect the lack of intention or...

-The Business Standard   Economists question veracity of the data; say too early for RBI to cut rates. Food inflation for the week ended December 10 fell to a four-year low of 1.81 per cent, after declining to 4.35 per cent last week. The decline is much sharper than what Chief Economic Advisor Kaushik Basu expected — he had predicted less than three per cent food inflation by early January. What’s more, many...

-Live Mint The National Food Security Bill (NFSB) has finally been cleared by the cabinet. While this should have been seen as an important step forward towards the objective of food security for all, the Bill has come under severe criticism for being too ambitious and disastrous for the economy. While some of these fictitious numbers are expected from the media, concerns have also been raised by senior government functionaries, notably...

The recent Cabinet nod to the National Food Security Bill triggered a flurry of criticism in the mainstream media, focusing mainly on the financial implications. The cost of the Bill obviously needs careful scrutiny and public debate, but it’s a little sad to see so much concern with the cost, and so little interest in what the Bill can do to improve people’s lives. The barrage of attacks was predictable —...