-The Business Standard The NDA is looking to reduce fiscal deficit not by chopping social sector spending but by paring it down Finance Minister Arun Jaitley is fairly confident the government will meet this year's fiscal deficit target. At 4.1 per cent of gross domestic product the deficit looked looked like a bit of stretch in July but the food subsidy, for one, is not going to balloon as in previous years. The...
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It’s raining forecasts -Ajay Vir Jakhar
-The Indian Express The Indian meteorological department (IMD) website states that Kautilya's Arthashastra contains records of rainfall and its impact on revenue, as well as details about relief work. Similarly, Kalidasa's Meghdoot, written around the seventh century, mentions the date of the onset of the monsoon and traces the path of monsoon clouds. Till today, forecasts are made on the same broad lines. Farmers like me still look towards indigenous knowledge for...
More »End-to-end solutions for food supply -Charan Singh, Padmakumar Nair and Shamil M
-The Hindu Business Line India now has the technology to track leakages at each stage in the public distribution system The Government has set up the Expenditure Management Commission to rationalise subsidies, among other expenditure items in India. India incurs nearly one per cent of food subsidy annually, generally utilised under the existing public distribution system (PDS) consisting of Food Corporation of India (FCI) and nearly five lakh Fair Price Shops (FPSs)....
More »Won't raise allocations under food law: Govt
-The Business Standard Says increase in the subsidised foodgrain allocation will put pressure on the food subsidy bill Union Food Minister Ram Vilas Paswan on Tuesday said the government has no plans to raise subsidised foodgrain allocations under the National Food Security Act (NFSA) from 5 kg to 7 kg a person a month. Under the Act, each eligible person gets 5 kg of rice at Rs 5 a kg or wheat at...
More »India's 93.2% quandary at WTO -Soumya Kanti Ghosh
-The Business Standard WTO reconvenes to re-examine issue of agriculture subsidies, numbers alone suggest that India has a strong case for declining to sign WTO's TFA The World Trade Organisation (WTO) is reconvening in the last week of September to examine the issue of agricultural subsidies against the backdrop of India's refusal to become a signatory to the trade facilitation agreement (TFA) at Bali. Since then, a lot of water has flowed...
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