-The Financial Express Food Security Bill will raise the subsidy burden by 18%. The debate should be about the rise in costs of households due to leakages in PDS and price hike of other nutritious food items, and how these costs can be minimised by DBT In a recent article, Surjit Bhalla ("Manmonia's FSB: 3% of GDP", July 6, Financial Express-http://goo.gl/qoIbd3) has asserted that the Food Security Bill will cost 3% of...
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Rajya Sabha passes National Food Security Bill
-The Times of India NEW DELHI: The National Food Security Bill, which seeks to provide heavily-subsidized food to two-thirds of India's 1.23 billion people, was passed by the Rajya Sabha on Monday. Much like what happened in the Lok Sabha last week, there was a scramble among political parties to garner populist brownie points even as they differed fiercely on certain provisions of the bill and their implementation. With the Congress all...
More »Decoding the food security legislation-Sanjeeb Mukherjee
-The Business Standard Less painful now, but future uncertain The United Progressive Alliance's (UPA) ambitious National Food Security Bill might soon become reality. After getting approval from the Lok Sabha, the Bill is headed for the Upper House of Parliament for approval. The big debate is on the financial implications as and when all states start implementing the scheme. Also, how the estimated 20-30 per cent leakage in public distribution system (PDS) will...
More »Planning Commission to approach Cabinet with mechanism for PPP disputes
-PTI NEW DELHI: The Planning Commission will approach the Cabinet next month with a draft bill for an institutional mechanism to speedily resolve issues related to public contracts and a separate note on the progress of PPP projects with remedies to solve problems faced by them. "The Planning Commission is in the final stages of drafting a bill for setting up an institutional mechanism to address issues hampering Public Private Projects (PPP)...
More »Growth slowest in four years
-The Telegraph The Indian economy grew at just 4.4 per cent in the first quarter ended June 30 - its slowest pace in four years. The grim figure deepened worries for the UPA government, which has been battling criticism over its failure to halt the slide in the rupee, cap deficits, ignite growth and slam the lid on inflation. The tepid growth had been anticipated with finance minister P. Chidambaram acknowledging a few...
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