The wastage of millions of tonnes of food grain due to lack of storage facilities may have rocked parliament and prompted the Supreme Court to direct the government to distribute grains free of cost to the poor, but Kaushik Basu, chief economic advisor in the finance ministry, believes lack of warehouses is only part of the problem and is in no way responsible for the rising food prices. In ‘The economics...
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Acquiring land justly
Prime Minister Manmohan Singh's recent assurance that the Land Acquisition Act of 1894 would be amended is welcome though delayed. There are many compelling reasons why this inept and outdated Act should be changed and the farmers' protest over disruptive acquisition in Uttar Pradesh is only one of them. The 1894 Act, last amended in 1984, has not helped balance the land needs of rapid economic growth and the grievances...
More »Global youth unemployment rate at all-time high, UN labour agency reports
The global youth unemployment rate is at a record high and is expected to climb even higher as the year progresses, the United Nations International Labour Organization (ILO) announced today. According to a new report, of the world’s 620 million economically active youth between the ages of 15 and 24, 81 million were out of work at the end of 2009, the highest number ever. The youth unemployment rate climbed from 11.9...
More »Distribute foodgrains at very low or no cost, Supreme Court tells Centre by J Venkatesan
“Consider increasing quantum of food supply to BPL population” ‘Consider opening fair price shops for all the 30 days in a month' A Bench passed the order, taking on record affidavit filed by Centre To deal with the problem of foodgrains rotting in godowns, the Supreme Court on Thursday asked the Centre to consider distributing them at “very low cost” or “no cost” as a short term measure. A Bench of Justices Dalveer Bhandari...
More »Oliver Twist seeks food security by P Sainath
The NREGS is restricted. The PDS is targeted. Only exploitation is universal. The rotting of lakhs of tonnes of foodgrain in open yards, while shocking, is hardly new or surprising. Remember the rural poor marching on godowns in Andhra Pradesh in 2001 in similar circumstances? The Supreme Court was quite right in jolting the Union government. “In a country where admittedly people are starving, it is a crime to waste even...
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