The National Advisory Council (NAC) recommendation to guarantee foodgrain to two-thirds of the country’s population could bloat the government’s food subsidy spend by 26 per cent to over Rs 72,000 crore — equivalent to over 1 per cent of the gross domestic product. The foodgrain guarantee is part of the proposed National Food Security Bill. This is a conservative figure, compared with the Rs 78,000 crore estimated by Deutsche Bank in...
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NAC's recommendations discouraging: Yechury
Terming the recommendations of the National Advisory Council on the proposed Food Security Bill as discouraging, senior leader of the Communist Party of India (Marxist) Sitaram Yechury on Friday underlined the need for a people's movement to pressure the Manmohan Singh government to go in for a universal public distribution system to ensure food security in the country. Addressing a seminar on food security at the CPI(M) State headquarters here, Mr....
More »Challenging task
'The creaky PDS will not be able to do the job.' The recommendations of the National Advisory Council for the National Food Security Act, made after much discussion and many revisions, cast the net wide to include 75 per cent of the country’s population within the purview of the scheme.It is the most ambitious food entitlement scheme conceived anywhere in the world and the conceptual and implementation problems are very daunting....
More »Government decides on major push for pulses
Raises support price by Rs 380/qtl; marginal rise for wheat. Pulses saw the highest rise of Rs 340- 380 per quintal in minimum support price (MSP), the government announcing these for the current rabi season. The decision is in line with government efforts to increase their sowing, to meet the increasing demand for the crop. The MSPs of masur and chana were increased by Rs 380 per qtl and Rs 340 per...
More »Subsidy made state one of worst performers
The subsidy-driven development model of Punjab is one of the reasons why state is the worst performer in the country on economic equality front measured through Gini co-efficient. Not only this, revenue collection is the lowest in the country at 6.86% as against a national average of 10-12%. Subsidy is going to only the rich with peasants being pushed out of agriculture. It has come to focus as its reduction is...
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