When activists of the Right to Food campaign attacked Planning Commission Deputy Chairman Montek Singh Ahluwalia over the Rs 32 per capita per day cut-off for poverty line, Vijay Jawandhia — a farm activist from Vidarbha — asked a counter question: “Why are you happy with a minimum wage of Rs 100 per labourer per day under the National Rural Employment Guarantee Act (NREGA), when salaries have been revised several...

-The Business Standard   After generating much controversy back home on the Planning Commission's “unrealistic definition” of poverty line, India had to field some tough queries in Washington over the matter. Chief Economic Advisor Kaushik Basu said the government was looking at various parameters of poverty estimates to provide better coverage to the vulnerable section through a proposed food law. "...now we are going to go into a new food security programme, where we...

-PTI   Terming high global commodity prices a "grave threat", Finance Minister Pranab Mukherjee has called for developing countries to increase their investments in agriculture to improve crop productivity. "The recent commodity and food price rise and their volatility constitute a grave threat to economic growth and food security in our economies," Mukherjee said at a meeting of G-24 Finance Ministers here last evening. He took over as the new chairman of the group...

Planning Commission, RBI officials hold brainstorming deliberations with experts With the persistent near double-digit headline inflation, despite sustained increases in key policy rates by the Reserve Bank of India, turning out to be “a frustrating experience for policymakers,” senior officials from the Planning Commission, the Finance Ministry and the RBI met with a group of academic economic experts and representatives of the International Monetary Fund (IMF), the World Bank and the...

-The Times of India   Speaking at a seminar organized for honouring farmers here on Saturday, Union agriculture minister Sharad Pawar announced that awards should be instituted by all states for honouring innovative work done by farmers in the country. "Rajasthan has already started honouring farmers for their innovative work. The other states should also follow it. I will write to chief ministers of other states to start honouring farmers and give away...