-The Business Standard Why government policy and jobless growth have let inequality worsen in recent times The Forbes list of billionaires features 55 Indians in 2013. The estimated net worth of only the top ten is $102.1 billion or approximately 5.5 per cent of India's gross domestic product. Paradoxically, every third poor person and every second malnourished child in the world is also an Indian. India also adds 7.5 million babies with...
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Kalahandi: from hunger deaths to a rice revolution -Chetan Chauhan
-The Hindustan Times Odisha's Kalahandi district - once the cause of global embarrassment for India due to its high number of starvation deaths - today stands tall with a five-fold increase in its rice production since 1999, figures reveal. The agriculture ministry's recent crop data ranks Kalahandi among the top 25 rice producing districts of India. The three-year average of its rice production ending 2010-11 was 468,000 tonnes, compared with a three-year...
More »NABARD shifts blame for corporate warehousing scheme to FinMin, RBI-Shalini Singh
-The Hindu In the eye of the storm for funding corporate warehousing projects on terms far softer than those offered to poor farmers, the National Bank for Agriculture and Rural Development (NABARD) is now blaming the Ministry of Finance (MoF) and the Reserve Bank of India (RBI) for the transgressions. Following a story in The Hindu, (‘As farmers suffer, NABARD offers soft loans to corporates, ' December 10, 2012), NABARD came under...
More »Here's why Food Bill will cost more than we think-Prachi Mishra
-The Economic Times The revised, but not yet passed, National Food Security Bill (NFSB) represents a crucial political-economic approach to welfare. But how well do we understand the financial and, more importantly, distributional consequences of the revised Bill? Although the revised Bill is likely to simplify the identification of beneficiaries, financial implications will still be substantial. Calculating these implications must include not only the cost of food subsidy, but also additional costs...
More »Cabinet approves amendments to Multi-State Co-operatives Bill-Gargi Parsai
-The Hindu Changes provide for the revival of sick societies The Union Cabinet on Thursday approved moving official amendments to the Multi-State Co-operative Societies (Amendment) Bill, 2010 which is pending in the Lok Sabha. Among other provisions, the amendments provide for revival of sick societies. The moving of official amendments ensures that the provisions of the Bill were in conformity with the provisions of the Constitution (97th Amendment) Act, 2011, the government said. An...
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