Planning Commission Deputy Chairman Montek Singh Ahluwalia told NDTV that he expects food inflation to come down to single digits in two to three months. He said that food inflation at 18 per cent levels is “unacceptable” and the government will take drastic steps if inflation doesn't cool in the next two months. He added that potato prices have come down sharply and vegetable prices are also coming down. Higher prices of...
More »SEARCH RESULT
Total Matching Records found : 3020
Food Act may cost govt Rs 63k cr every year by Rajeev Deshpande
If Planning Commission deputy chairman Montek Singh Ahluwalia’s indication that 35 kg of foodgrain a family and the Tendulkar committee estimate of 8.3 crore BPL households could be the basis of the national food security Act, then the government’s bill adds up to a staggering Rs 63,750 crore a year. At 25 kg a BPL family, it is slightly less at Rs 54,200 crore, which is roughly the food subsidy...
More »Needed: a food security law by Praful Bidwai
The UPA government has betrayed its promise of inclusive growth over the years as a result of which poverty ratios have remained extremely high despite rapid economic growth, says Praful Bidwai. The new National Advisory Council must act urgently on nutritional security and public healthcare, he adds. The reconstitution of the National Advisory Council under Sonia Gandhi, announced by India’s United Progressive Alliance government, is good news. The original NAC died...
More »New food scheme based on Tendulkar report likely
A“reworked and realistic” food guarantee scheme is on the anvil. The Suresh Tendulkar panel report is likely to form the basis for poverty estimation required for this. A hint to this effect came during a meeting of the core group of chief ministers on price rise chaired by Prime Minister Manmohan Singh here on Thursday. The government has been under pressure from state governments to make a fresh BPL assessment....
More »Food subsidy bill to rise by Rs 6,000 crore: Montek
Montek Singh Ahluwalia on Monday told NDTV that the food subsidy bill is set to rise by Rs 6,000 crore due to an upward revision in the number of families living below poverty line. Montek said that the plan panel would revise BPL count up from 6.5 crore to 7.4 crore families. The fresh estimate could be based on Suresh Tendulkar's poverty formula, he added. Earlier, the government said that it needs...
More »
