Chief economic advisor to the finance ministry Kaushik Basu says the government should step in and acquire land for development projects to protect the interests of farmers. He also explains why the government cannot tackle food inflation by distributing free foodgrain among the poor. Excerpts from interview with ET: A large number of land-intensive project have run into opposition. Could it actually undermine our infrastructure thrust and growth? There is...
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Shocking! Drought in the middle of India's floods
The Yamuna may be in spate near Delhi, states like Punjab, Haryana, Gujarat, Kerala and Tamil Nadu may be soaked wet and the Mithi river -- the lifeline of Mumbai -- could be flowing at the brim, but for people in the East and Northeast India the thirst for rain prolongs. They wait for the rain gods to smile upon them. Overall, this is one of the best monsoon India has...
More »Pawar rules out free foodgrains by Vinaya Deshpande
Union Minister for Agriculture Sharad Pawar on Saturday dismissed the possibility of free foodgrains distribution. “The government already spends Rs. 66,000 crore on foodgrains subsidy. We buy wheat from farmers at Rs. 15 a kg, but sell it to the Antyodaya population at Rs. 2 a kg. How can we sell any cheaper than that?” He was speaking at a meeting of the Maharashtra Pradesh Nationalist Congress Party (NCP). Free distribution of foodgrains...
More »Killed by the Food Bill by Nitin Sethi
At a time when some of the poorest belts of India are suffering from a monsoon failure the government, has decided to let lakhs of tonnes of food grain turn inedible in the godowns rather than give it to the needy. Ironically, it has used the proposed National Food Security Act as an excuse to not distribute the grains to the needy. The Supreme Court in its last hearing had...
More »Arunachal CM stresses on PDS, hill transport subsidy
Streamlining the PDS is a priority of the Arunachal Pradesh government and it has taken up with the Centre for early release of funds against bills for hill transport subsidy held back for more than five years, Chief Minister Dorjee Khandu said on Sunday. Unfurling the National Tricolour on the 64th Independence Day, Khandu said the state required Rs 200 crore a year as hill transport subsidy for reaching PDS...
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