Food-price inflation in India, Asia’s third-largest economy, may accelerate in the second half as farmers are paying 20 percent more to grow crops, according to the commission that helps set minimum farm-product prices. “The cost of production is going up very fast,” Ashok Gulati, chairman of the Commission for Agricultural Costs and Prices, said in a telephone interview yesterday. “The labor cost has gone up dramatically in the past one year...
More »SEARCH RESULT
Total Matching Records found : 551
World Bank endorses cash-transfer of food subsidy to poor
-FnBNews The World Bank, like many analysts, is in favour of cash-transfer of subsidy for foodgrains to the poor in India. This suggestion was made in a recent report on Social Protection for a Changing India, drafted by the World Bank for the Government of India. Using the National Sample Survey data, the report stated that the Public Distribution System (PDS) continued to absorb substantial public resources at almost 1 per...
More »Targeted PDS is a failure: Plan Panel member
-The Economic Times A day after the Work Bank marked out deficiencies in the country's public distribution system (PDS) for foodgrain, a senior government official has said that restricting public distribution to below poverty line (BPL) households has been a failure in India. "The mess in the public distribution system has been created by the notion that it is only meant for the poor. All problems of the current system are...
More »World Bank supports cash transfer for PDS by Trithesh Nandan
Blames FCI’s internal bureaucracy for resisting reforms Much to the dismay of several NGOs that want strengthening of the public distribution system (PDS) in India, the World Bank in its latest report has favoured cash transfers. “In the medium to long term, the report recommends offering households the option of a cash transfer while continuing food-based support for specific situations…,” the bank said in the report titled ‘Social Protection for a Changing...
More »World Bank for PDS cash plan by Basant Kumar Mohanty
The World Bank has backed a controversial proposal to replace foodgrain allotment under the public distribution system with a system of direct cash transfer. The bank, which supports social security schemes in India, today said poverty reduction had been low and overall returns on spending to eradicate poverty had “not reached their full potential”. It attributed the low reduction to “high leakage” in the PDS system and its weak implementation mechanism. Earlier,...
More »
