-Business Standard The apex court directed the Centre to re-determine coverage in accordance with Section 9 of the NFSA The Supreme Court directed the Centre to come out with a solution so that benefits under the National Food Security Act (NFSA) are not restricted in accordance with the Census 2011. And, more and more needy persons get the benefits under the Act. Keeping in mind that the ‘Right to Food’ is a fundamental...
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Rain deficit stays big in UP and Bihar, on the mend in rest of East India -Vinson Kurian
-The Hindu Business Line Fresh circulation forms in Bay, triggers another spell over East and Central India Rain deficit over East and North-East India has improved markedly except in Bihar and Uttar Pradeshwhere it stays above 40 per cent even as the monsoon enters the last week of this penultimate month of August, also normally the second rainiest, and stays moderate to strong over other parts of the country on Wednesday morning. The...
More »What’s wrong with crop estimates that were off-mark last crop year -Subramani Ra Mancombu
-The Hindu Business Line Experts say current manual methods are error-prone, moot scientific process The advance crop estimate made by the Ministry of Agriculture and Farmers’ Welfare usually differs between the first and subsequent three ones before it comes out with the final estimate. However, the difference has seldom caused problems in the agricultural markets or led to complaints of not reflecting what the trade has felt is the ground reality. But some...
More »Expand food security coverage to benefit more needy persons, SC tells Centre
-The Hindu Bench asks Centre to re-determine NFSA coverage after considering population increase between 2011-2021 The Supreme Court has directed the Centre to increase coverage under the National Food Security Act (NFSA) so that “more and more needy persons and citizens get the benefit” under the 2013 law which entitles rural and urban poor to receive subsidised food grains under the Targeted Public Distribution System. The coverage under the NFSA is still as...
More »Public sector banks have ensured financial inclusion, finds a new empirical study
Are public sector banks (PSBs) important for the economy? Have the PSBs served the purpose for which they were created? Could the PSBs compete efficiently against the private sector banks (PVBs)? These are some of the questions, which have been answered by a chapter in the RBI Bulletin's August edition. Efficiency of PSBs Co-authored by Snehal S Herwadkar, Sonali Goel, and Rishuka Bansal (2022) of the Banking Research Division, Reserve Bank of...
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