A new draft of the National Food Security Act (NFSA) suggests offering cash compensation to poor people who are unable to receive their quota of subsidized foodgrains. The Congress-led United Progressive Alliance (UPA) government will discuss the draft with state food secretaries in a meeting on 14-15 June. “The Central government shall set up, by notification, a central food security fund for payment of compensation to state governments in the event...
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Food inflation rises to 16.55%
Food inflation rose to 16.55% for the week ended May 22 on account of high prices of pulses, fruits and vegetables. Inflation increased by 0.32 percentage point from 16.23% in the previous week. The uptick was mainly due to a 7% increase in fish marine prices, 5% rise in prices of poultry chicken, 2% in prices of barley and masur each and one% increase in prices for fruits and vegetables....
More »Prof. Suresh Tendulkar interviewed by Pooja Suri and Amiti Sen
Suresh Tendulkar created a flutter among policymaking circles when a committee led by him raised the estimate for poor households in the country to 74 million from the Planning Commission estimate of 65.2 million. The former chairman of the Prime Minister’s Economic Advisory Council explained why his numbers are more credible in an interview with ET’s Pooja Suri and Amiti Sen. Excerpts: Why did your committee decide to accept the...
More »From rubbish dump to school room in Mumbai by Prachi Pinglay
The suburb of Govandi in Mumbai is home to the Indian city's only rubbish dump. On any given day children work and play here, seemingly unaware of the scorching sun and the stench from the waste heaps. Among them are probably some of the 8 million children still out of school across India. Few people notice their presence. But in Govandi alone, more than 1,500 children are thought to be...
More »Give food stamps to poor instead of subsidised food: FICCI
The government should issue food stamps directly to families living below poverty line (BPL), instead of subsidised food, to ensure food security of the poor, an industry lobby said in a report. The Federation of India Chambers of Commerce and Industry (FICCI) said the current system of providing subsidised food items through the public distribution system (PDS) should be dismantled as it was plagued by leakages at different levels. It...
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