An empowered group of ministers headed by finance minister Pranab Mukherjee decided to release an additional 500,000 tonnes of wheat and rice every month for sale to ration card holders for the next six months, according to agriculture minister Sharad Pawar. The move is aimed at reining in prices and curbing inflation and will cost the government an estimated Rs2,000 crore. The group met on Wednesday to discuss foodgrain availability...
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MGNREGA status report | Working towards empowerment by Ruhi Tewari
Until two years ago, Vimla had never even considered stepping out of her house for work. Women in her part of the world didn’t work. Now, she doesn’t just work, but also operates a bank account, participates in household decisions, and is learning two of the Rs (reading and writing). The difference is the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) that was launched in Vimla’s village in 2008....
More »UN agency worried about India’s food inflation
A UN expert body on Thursday said surge in food prices in India is a matter of concern, but retail price inflation will cool down to 7.5% this year from around 12% last year. The UN Economic Social Commission for Asia and Pacific (Escap) also projected the economy to grow by 8.3% in 2010-11, compared to estimated 7.2% last fiscal, fueled by the recovery in investment and private consumption. “In India, consumer...
More »MGNREGA status report | In the shadow of Maoism by Liz Mathew
Madvi Madka owns 4ha of land in Chingavaram in the Sukum block in central India. The district in which the block is located has become infamous after 6 April, killing of 76 policemen by the Maoists. This is the ground zero of the war between the Indian state and the Maoists, and Madka, who owns 4ha of land—often left fallow because there wasn’t enough water for irrigation—here used to make...
More »Food subsidy bill likely to rise by Rs 6,000 cr in FY11 by Prabha Jagannathan
THE government will need to shell out Rs 6,000 crore more in food subsidy to support poor families under the proposed Food Security Act due to the revised estimate of the number of poor families in the country. Food subsidy will account for about 1.1% of the gross domestic product in the current fiscal year, compared with 0.9% last year, said a study by Deutche Bank. The Union budget has...
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