-The Hindu It is the only sector that can create jobs and prevent the economic crisis from deepening In the last two decades, the Indian economy has witnessed a transformational change to emerge as one of the fastest growing economies in the world. Economic reforms unveiled in 1991 have brought about a structural shift enabling the private sector to assume a much larger role in the economy. GDP growth has largely been...
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Correct costs of the Food Security Bill-Bharat Ramaswami, Milind Murugkar and Ashok Kotwal
-The Financial Express Food Security Bill will raise the subsidy burden by 18%. The debate should be about the rise in costs of households due to leakages in PDS and price hike of other nutritious food items, and how these costs can be minimised by DBT In a recent article, Surjit Bhalla ("Manmonia's FSB: 3% of GDP", July 6, Financial Express-http://goo.gl/qoIbd3) has asserted that the Food Security Bill will cost 3% of...
More »More bite, less to chew -Latha Jishnu, Jyotika Sood and Suchitra M
-Down to Earth The most controversial aspect of the food security law is the restructuring of the public distribution system to cover an unprecedented 67 per cent of the population, most of them in the poorer states. LATHA JISHNU, JYOTIKA SOOD and SUCHITRA M explain why there are winners and losers in the new dispensation and how states with better PDS will have to find huge resources to keep their numbers...
More »BIMARU States Are Progressing, Says PM
-Outlook New Delhi: Prime Minister Manmohan Singh today said rural per capita consumption has increased four times faster than earlier due to enhanced economic prosperity in rural areas and BIMARU states have witnessed progress. "Many states which had been considered backward for a long time, with some of them being called BIMARU are now progressing," Singh said in his Independence Day address to the nation. The BIMARU states are four northern Indian states...
More »This bill won’t eat your money -Sabina Alkire
-The Hindu The expenditure on providing food security will add minimally to India's public spending which is less than what even lower middle income Asian countries spend on social protection In recent media coverage, critics often argue that the cost of the National Food Security Bill (NFSB) is excessive. The Economic Times referred to the NFSB as a "money guzzling measure" and according to CNBC-TV18, Rahul Bajaj, chair of Bajaj Auto, said...
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