Introduced in the Lok Sabha in December 2011, the UPA government’s Food Security Bill is finally going to be discussed in the current (Budget) Session of Parliament. The proposed legislation is now slated to see many additional amendments from the government, following criticism from the States, NGOs and diverse stake-holders working on access to food and child health. Attempt here is to summarise in a Q & A format the...

-The Business Standard Budget underestimates food, fertiliser subsidies If the projections in the 2013-14 Budget are to be believed, subsidies on food and fertiliser which, along with petroleum subsidy, account for nearly 95 per cent of total subsidies are unlikely to rise much in the next financial year. This prognosis, reflected in an increase of just Rs 5,000 crore in food subsidy allocation and no change in the fertiliser subsidy, is odd;...

-The Hindu “The purpose of a Budget – and the job of a Finance Minister,” P. Chidambaram declared in his speech, “is to create the economic space and find the resources to achieve the socio economic objectives.” Now that the presentation of and the spate of initial responses to the budget are behind us, it may be appropriate to ask how far the Minister went in accomplishing his self-defined task. Mr. Chidambaram...

-The Asian Age Sonia Gandhi’s economic and political ideology may have apparently triumphed over that of Manmohan Singh. The neo-liberal finance minister Palaniappan Chidambaram may be conveying an impression that he’s turned socialist with a vengeance by increasing taxes on the rich in the run-up to the 16th general elections. But the truth is that Mr Chidambaram has made certain assumptions about subsidies, inflation and the expected growth of gross domestic product...

-PTI Claiming that the "downturn is more or less over", the pre-Budget Economic Survey on Wednesday projected an optimistic 6.1 to 6.7 per cent growth in the next fiscal and made a strong call for cutting subsidises. While pegging the GDP growth at an estimated 5 per cent for the current fiscal, the Survey tabled in Parliament by finance minister P Chidambaram said "...the overall economy is expected to grow in the...