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New CPI to be based on state stats by Rishi Shah

The new consumer price indices set to debut in January will be compilations of indices for states that reflect the price trends prevailing in the country accurately, helping policy formulation and targeted intervention. Each state will have two consumer price indices, one for rural and another for urban areas. These CPI rural and urban will be added up to arrive at urban and rural retail indices at the national level. These...

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Jean Dreze, Development Economist interviewed by Vaibhav Vats

The Food Security Act was UPA-2’s flagship programme. Jean Dreze, member of the National Advisory Council, has publicly criticised the government. He tells VAIBHAV VATS what’s gone wrong. Much like the Mahatma Gandhi National Rural Employment Guarantee Act in the first term of the United Progressive Alliance, the Food Security Act was its most ambitious social welfare programme. Since discussions on the Act in the National Advisory Council began, its provisions...

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Food Security Sans PDS: Universalization Through Targeting? by Smita Gupta

The case of the Food Security Bill gets curiouser and curiouser.  What started off as a fight between universalization and targeting has ended (or so it would seem) in a complete victory in the National Advisory Council, Government of India (NAC) for targeting through universalization (if such a thing was possible), with the honourable exception of Prof Jean Dreze, who has to be commended for his ‘note of disagreement’. On...

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Food security: PM says will seriously evaluate NAC recommendations

The Prime Minister, Dr. Manmohan Singh, on Saturday, said that on his return to New Delhi, he would study the recommendations made by the National Advisory Council (NAC) on the issue of food security. Interacting with media persons accompanying him a three-nation visit to Japan, Malaysia and Vietnam, on a wide range of subjects onboard his special aircraft, Dr. Singh said: "When I will go back, I will try to acquaint...

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Food security to cost Rs 72,000 crore by Devika Banerji & Ajay Modi

The National Advisory Council (NAC) recommendation to guarantee foodgrain to two-thirds of the country’s population could bloat the government’s food subsidy spend by 26 per cent to over Rs 72,000 crore — equivalent to over 1 per cent of the gross domestic product. The foodgrain guarantee is part of the proposed National Food Security Bill. This is a conservative figure, compared with the Rs 78,000 crore estimated by Deutsche Bank in...

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