-The Economic Times The revised, but not yet passed, National Food Security Bill (NFSB) represents a crucial political-economic approach to welfare. But how well do we understand the financial and, more importantly, distributional consequences of the revised Bill? Although the revised Bill is likely to simplify the identification of beneficiaries, financial implications will still be substantial. Calculating these implications must include not only the cost of food subsidy, but also additional costs...

-The Hindu The Centre on Friday revised its foodgrains production estimate upwards by 5.22 million tonnes for 2012-13 over earlier expectation on account of higher output of rice, wheat and coarse cereals. The total foodgrains output is now estimated at 255.36 million tonnes with wheat production pegged at 93.62 million tonnes and rice at 104.22 million tonnes. "We have every reason to be fairly satisfied," Union Agriculture Secretary Ashish Bahuguna told The Hindu...

-The Hindustan Times It now seems increasingly unlikely that Parliament will consider the National Food Security Bill during this budget session. In a land which for centuries suffered devastating famines, where chronic hunger continues to stalk more than 200 million people, and which is home to every third malnourished child on the planet, this would be one more sad betrayal of the country's indigent millions, a reminder of how little they...

-The Telegraph A parliamentary panel has recommended that the Union government dissolve the ministry of development of north eastern region (DoNER) and put it under the Prime Minister's Office. The reason for the ministry's dissolution has been attributed to the plummeting efficiency levels and achievement rate in its planned schemes. "The committee, therefore, strongly recommends that the government should consider the handicaps of the DoNER ministry in a very serious manner. It should...

-The Times of India The inflation rate slowed to a more than three-year low of 5.96% in March on the back of softening vegetable, fruits and milk prices, brightening the prospect of an interest rate cut by RBI while bringing relief for the politically beleaguered government. Lower interest rates would provide relief to thousands of borrowers reeling under the burden of high equated monthly installments ( EMIs) on their home loans. Data released...