With India growing faster than almost every other large economy, the government is right to address its long-run challenges. The push for investment in infrastructure is bearing fruit and the expansion of social programmes such as the National Rural Employment Guarantee Act (NREGA) and the Right to Education Act (RTE) is spreading the benefits of growth across the population. But just as improved infrastructure doesn’t eliminate all traffic jams, rapid growth...
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Two Indias in the making: IPL India and BPL India, says Yechury
Opening the reply to the President's Motion of Thanks on behalf of the Left parties in the Rajya Sabha on Wednesday, Communist Party of India (Marxist) leader Sitaram Yechury, demanded the stopping of the “loot” of public money in the form of concessions to corporates and high-end taxpayers. This relief, worth several lakhs of rupees, should be used to narrow the rich-poor divide, he added. Calling upon the government to shift policy...
More »Food subsidy bill to rise by 27 p.c. this year
The country’s food subsidy bill is expected to jump by 27 per cent to Rs 74,231 crore in the 2010—11 fiscal, the Lok Sabha was told today. This is due to a rise in support price and higher procurement and distribution of foodgrains via ratio shops. Last year, the government’s food subsidy bill stood at Rs 58,242.45 crore. “The amount allocated for food subsidy during 2010—11 is Rs 59,354.56 crore...Based on the actual...
More »Food output: Demand-supply paradigm by Shashanka Bhide
The new food security schemes point to the capacity of agriculture to produce more when the incentives are right. Supply of cheap foodgrains will trigger demand for other food products, which the farm sector will have to meet. The many rural development programmes in operation have complex effects on the rural economy. Programmes such as Bharat Nirman are expected to improve connectivity of markets, provide access to more efficient sources of...
More »Rs. 2 a kg ration rice for all cardholders
Chief Minister V.S. Achuthanandan on Wednesday announced that the scheme for supply of ration rice at Rs.2 a kg would be extended to all cardholders, including APL cardholders, subject to certain conditions. People with high incomes and landholdings would not be eligible. Briefing the media on the Cabinet decisions, the Chief Minister said the Cabinet had approved the recommendations of the Ninth Pay Revision Commission with changes proposed by the Cabinet...
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