Eminent economists have shot off a letter to National Advisory Council (NAC) Chairman Sonia Gandhi to ensure that the proposed Food Security Bill is quite comprehensive and excludes only a few rich people. They also want Sonia to get the Bill legislated in such a way it is not based on the current public distribution system (PDS) for all times to come as direct subsidy transfer could also be an...
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Economists write to Sonia Gandhi
-The Economic Times Dear Smt Gandhi, We, a group of academic economists, are writing to you about the proposed National Food Security (NFS) Act legislation that is of profound importance to India's economy. We believe that it is appropriate that India pursues the goal of genuine food security for all through a law that guarantees a minimum transfer to every adult except a small subset of the most affluent who...
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The current perception that cash transfers can replace public provision of basic goods and services and become a catch-all solution for poverty reduction is false. Where cash transfers have helped to reduce poverty, they have added to public provision, not replaced it. For crucial items like food, direct provision protects poor consumers from rising prices and is part of a broader strategy to ensure domestic supply. Problems like targeting errors...
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Writer and activist Arundhati Roy, winner of the 1997 Man Booker prize for “The God of Small Things,” is undoubtedly India’s iconoclast no.1. During the launch of her two latest books—“Broken Republic” and “Walking With the Comrades” —on Friday evening, she came to the defence of the military tactics of India’s Maoists in her polemical best: “When you have 800 CRPF [Central Reserve Police Force, a paramilitary force deployed to fight...
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