India’s fiscal policy is not supportive of monetary measures that the country’s central bank is employing to fight rampant inflation, the prime minister’s honorary economic advisor and former International Monetary Fund chief economist Raghuram Rajan said, while singling out the proposed Food Security Bill as a particular cause for concern. The Bill, which proposes to give about 68 per cent of population the legal right to subsidised food, will not only...

-The Business Standard   Given the unchecked proliferation of central agricultural development schemes (totalling more than 50), Krishi Bhawan’s move to condense them into a few programmes, while leaving greater operational say to state governments, seems well-conceived. The Planning Commission has done well to readily agree to such a shift in approach from the 12th Plan, which starts next April. In fact, when Krishi Bhawan launched its flagship programme, the Rashtriya...

The farmers' struggle against land acquisition only shows that from passive forms of protest they have turned to active forms of resistance. THE recent agitation by farmers in Uttar Pradesh against cropland acquisition for non-agricultural purposes is only the latest in a long series of protests by farmers and rural communities, which started a decade ago in different parts of the country and which gathered momentum over the past five...

The current perception that cash transfers can replace public provision of basic goods and services and become a catch-all solution for poverty reduction is false. Where cash transfers have helped to reduce poverty, they have added to public provision, not replaced it. For crucial items like food, direct provision protects poor consumers from rising prices and is part of a broader strategy to ensure domestic supply. Problems like targeting errors...

Cash transfers are now suggested by many as a silver bullet for addressing the problems that plague India’s anti-poverty programmes. This article argues instead for evidence-based policy and informed public debate to clarify the place, prospects and problems of cash transfers in India. By drawing on key empirical findings from academic and grey literature across the world an attempt is made to draw attention to three aspects of cash transfers...