New Delhi : Notwithstanding objections by many National Advisory Council (NAC) members to cash transfer-based food subsidy, the Empowered Group of Ministers (EGoM) has approved to provide for “cash transfers and food coupons”, among other options, in the proposed Food Security Bill. The EGoM, which met under Finance Minister Pranab Mukherjee’s chairmanship earlier this week, also approved “leveraging” aadhaar for unique identity numbers for “proper targeting” of food entitlements. Section 31(3)(g) of...

On Monday, the Empowered Group of Ministers (EGoM), headed by Finance Minister Pranab Mukherjee, cleared a version of the Food Security Bill that accepts several provisions recommended by the Sonia Gandhi headed-National Advisory Council (NAC) and rejects some others. Predictably, public attention has concentrated on the latter. Unnoticed among the NAC recommendations that have been accepted by the government, therefore, lies a radical new proposal that has the potential to re-arrange...

One lives to learn — or unlearn. The working head of what passes for this country’s Planning Commission is unambiguous about it. One important measure to fight inflation, he believes, is to raise prices. That is to say, to stop prices from rising, you must first raise prices. The gentleman has heartily endorsed the recent serial increases in the prices of petroleum products since such increases will, in his view,...

-Reuters   Red-hot food inflation that has vexed policy makers around the world seemed to take a breather last month, when corn and wheat prices tumbled on reports that crop shortages were easing. The sell-off was also driven by global economic worries that prompted funds to exit grains in droves. But prices are climbing again, and have already made up half of June's losses. The sell-off masked an unnerving reality: The world remains...

-The Business Standard A panel headed by Planning Commission Deputy Chairman Montek Singh Ahluwalia has advocated the use of unique identification numbers to plug loopholes in the public distribution system (PDS). The working group on PDS reforms, which finalised its draft report today, has also suggested a nationwide computerised system for tracking transportation and distribution of PDS items. “We have approved the draft report and will give it to the Prime Minister...