The basic problem with the Approach Paper, as with its predecessor, is that its theoretical paradigm is wrong. WHAT used to be said of the Bourbon kings of France applies equally to the Indian Planning Commission: “They learn nothing and they forget nothing.” The Approach Paper to the Twelfth Five-Year Plan gives one a sense of déjà vu. It is hardly any different from the Approach Paper to the previous Plan...
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India needs to curb food wastage to tackle inflation: World Bank
-The Hindu Business Line Input subsidy expenses not contributing to boost productivity The World Bank has said that South Asia's foodgrain stock management, especially in India, needs to improve to tackle inflation. In its focus on food inflation in South Asia, the bank said that high stocks have led to high wastage due to inadequate storage capacity and technology. According to World Bank's estimates, the Food Corporation of India lost 10-16 million tonnes...
More »Education subsidy plan misses target by Prashant K Nanda & Remya Nair
An ambitious scheme to make higher-education loans more attractive to poor students has failed to meet its target because of inadequate marketing and lack of coordination among various agencies. The scheme, launched in 2010 by the human resource development (HRD) ministry, gives full interest subsidy (a student will not have to pay the interest for the loan he or she avails) to students from families earning less than Rs.4.5 lakh a...
More »Revolt in plan panel over BPL cap
-The Times of India Two Planning Commission members, Abhijeet Sen and Mihir Shah, came out in revolt on Wednesday against the panel’s affidavit to the Supreme Court that those spending Rs 32 a day in urban areas or Rs 26 a day in villages would no longer be deemed poor by the government. Sen and Shah told TOI that the Planning Commission had avoided answering the critical question that the SC had...
More »Ramesh opposes cap on counting poor in states by Prasad Nichenametla
Union rural development minister Jairam Ramesh has called for removal of ceilings on poverty estimation, which restrict the number of poor who can claim benefits from government schemes. His ministry is currently conducting a decennial (once in 10 years) census of the country's rural poor and a similar exercise will be launched for the first time in urban areas soon. But what is becoming a political issue is the planning commission's acceptance of...
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