By all indications, FDI in multi-brand retail is a fait accompli. Or so we have been told time and again by everyone, the PM downward. The “question is at what point of time it should be done”. This remark from Pranab Mukherjee in a post-budget TV interview may have revealed that the debate has moved beyond whether to permit FDI in multi-brand retailing—the lifeline of small- and medium-sized neighbourhood stores....
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How Pranab squared the deficit hole by AK Bhattacharya
Just reclassified Rs 1.46 lakh crore of spending as capital Investment. Finance Minister Pranab Mukherjee’s Budget for 2011-12 seems to have used a new accounting system to make a virtue of necessity. Committed to provide funds to run the Mahatma Gandhi National Rural Employment Guarantee Scheme or MGNREGS, Mukherjee has transferred the entire financial allocation for the scheme under a head that will now help him take credit for a reduced effective...
More »The Mirage of Food Security by Tejinder Narang
It is time for the National Advisory Council (NAC) to introspect whether its pious thoughts on food security square up to an economic reality check. There are three likely scenarios: (1) universal coverage at 35 kg/per month per family; (2) universal coverage with 25 kg per family per month; and (3) partial coverage (say, to 11 crore families) with 35 kg per family per month. In each case, the implications...
More »Mine and theirs
The draft bill from the mines ministry that is meant to begin the overhaul of India’s outdated and archaic mining regulations — the Mines and Minerals (Development & Regulation) Bill, 2010 — had already been generally agreed to by the group of ministers scrutinising the legislation. Yet the deputy chairman of the Plan- ning Commission, Montek Singh Ahluwalia, has made a telling point or two about a particular provision in the...
More »New certification agency to boost organic farming
Orissa is awaiting the accreditation of its certification agency- Orissa State Seeds and Organic Products Certification Agency (OSSOPCA) for promoting organic farming in the state in a big way. “Our certification agency- OSSOPCA is under the process of accreditation of the Agricultural & Processed Food Products Export Development Authority (APEDA). This will be a major milestone for getting our organic areas under certification program for better market strategy. Post harvest technology...
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