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Cash transfers more effective than PDS, says ICRIER-OECD report -TV Jayan

-The Hindu Business Line Direct bank transfers plug leakages in food distribution, ensure better nutritional SECurity New Delhi: Irrespective of teething problems encountered in places where it was launched as pilot, direct cash transfers are far more effective than food subsidy in reducing food inSECurity and nutritional imbalances among the Indian population, a new report has shown. Currently, India spends ?1,45,400 crore — about 1.3 per cent of its GDP — to give...

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Narendra Modi government's farm policies off target: study

-The Hindu Report says it’s consumers who benefit from them more than farmers Despite the general perception that Indian farmers are beneficiaries of major subsidies, a new report says the overall effect of policy interventions between 2014 and 2016 is, in fact, a 6% annual reduction of gross farm revenues. Consumers, on the other hand, pay an average 25% less for commodities as a result of policy interventions. According to researchers at the...

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Cost of Modi's demonetisation: IAF raised bills of Rs 29.41 crore to ferry currency notes, reveals RTI

-PTI New Delhi: Over Rs 29.41 crore was spent on using the Indian Air Force’s ultra-modern transport aircraft — the C-17 and the C-130J Super Hercules — to ferry the newly-issued Rs 2,000 and Rs 500 currency notes post-demonetisation, according to an RTI reply. The move to scrap the old Rs 500 and Rs 1,000 notes was announced by Prime Minister Narendra Modi on November 8, 2016, and saw 86 per cent...

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Free treatment for poor from private Delhi hospitals that got subsidised government land: Supreme Court

-The Times of India NEW DELHI: The Supreme Court (SC) on Monday ruled that private Delhi hospitals operating on subsidised government land will have to provide free treatment to patients belonging to economically weaker SECtions. The SC said that any violation of this agreement between private hospitals and the government - in the matter of how many beds have to be reserved for poor patients - will not be tolerated and it...

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The food economy: A Catch-22 for policymakers

-Livemint.com The best way to double the real incomes of Indian farmers would be to halve their numbers through job creation in other parts of the economy The Narendra Modi government last week announced sharp increases in minimum support prices (MSPs) for a variety of farm products. The move itself is not unexpected. The first sign that the Modi government would shift away from its earlier strategy of minimal hikes to douse...

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