Indian Centre for Islamic Finance delegation makes presentation at Yojana Bhavan The Indian Centre for Islamic Finance (ICIF) has made out a strong case before Prime Minister's Economic Advisory Council member V. S. Vyas for introducing interest-free banking in the country at the earliest to ensure “inclusive growth with innovation” in accordance with the recommendations of the Planning Commission's Raghuram Rajan Committee. An ICIF delegation from New Delhi, led by its general...
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Food Security Act may float backup fund by Devika Banerji
The proposed Food Security Act is likely to float a fund to act as a backup in years of drought or flood. The contingency fund will facilitate direct cash transfer in place of foodgrain entitlements to families unable to access foodgrain due to reduced supply in the public distribution system.“We have suggested a fund for drought or flood, and when our production is hit. The fund will be with the...
More »Food Security Bill panel's report to be awaited by Gargi Parsai
Accelerating the process of framing a National Food Security Bill, Prime Minister Manmohan Singh on Tuesday convened a high-level meeting with his senior Cabinet colleagues to discuss aspects of the Bill and the recommendations made by the National Advisory Council (NAC).At the centre of the discussions was a letter written by NAC chairperson Sonia Gandhi to the Prime Minister on merging the Rural Development Ministry's exercise for identification of the...
More »Pawar: enhance farm production to implement Food Security Act by Sarabjit Pandher
No proposal to revise Minimum Support Price Despite demands from Punjab, Haryana, Uttar Pradesh, Chhattisgarh and Madhya Pradesh, there is no proposal with the Centre to revise the Minimum Support Price (MSP) or announce any bonus for wheat, paddy and sugarcane crops. However, it is working towards a system of ensuring remunerative prices under which farmers do not require any concessions in future, according to Union Food and Agriculture Minister Sharad...
More »House panel seal likely for 11.5cr BPL count by Rajeev Deshpande
The Manmohan Singh government's options on keeping a check on the bill for the proposed National Food Security Act (NFSA) may shrink further with Parliament's standing committee on finance likely to endorse the states' tally of BPL families pegged at 11.5 crore. The highly contentious issue of enumerating the poor has seen the government differ with the Sonia Gandhi-led National Advisory Council (NAC), which originally considered universal PDS but later curtailed...
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