Accountability Initiative, Centre for Policy Research Budget 2023-24 will be unveiled on February 1. As part of laying the context this brief, prepared by the Accountability Initiative, examines the allocation and expenditure trends for India's food subsidy. At the start of the current Financial Year (FY) 2022-23, Government of India allocations for Food Subsidy stood at Rs. 2,06,831 crore, which was 28 percent lower than the previous year's Revised Estimates (REs)....
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Withdrawing PMGKAY a regressive step, cuts the foodgrain entitlement by half: Right to Food Campaign
-The Hindu On December 23, 2022, the Union government announced that it would discontinue the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) from January 1, 2023. Withdrawing the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY), under which an extra 5 kg of free foodgrains was provided to every ration card holder in addition to the entitlement under the National Food Security Act, is a regressive step and will force poor families to...
More »Various estimates point towards one conclusion – the number of poor Indians swelled in 2020
The newly released World Bank report has estimated that the number of extremely poor people globally went up by nearly 71 million in the year 2020 as compared to 2019 — a 11 percent increase. Between 2019 and 2020, the number of poor swelled by around 56 million in India. It means that about 79 percent of the total people globally who slipped into poverty during the first year of...
More »Free ration scheme, Pradhan Mantri Garib Kalyan Anna Yojana, extended for next three months
-Livemint.com The free ration scheme, popularly known as the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY), has been extended for the next three months The free ration scheme, popularly known as the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY), has been extended for the next three months, the government announced on Wednesday. Union minister Anurag Thakur said the Central cabinet has decided to extend the PMGKAY scheme for the next 3 months. The...
More »Cereal inflation would be hard to tame amidst low rice acreage
Is India going to face inflation in cereal prices during the rest of the current financial year? Experts differ on this. An analysis by Nomura Global Economics and CEIC finds that a below normal monsoon does not always translate into high retail inflation in food. Similarly, an above normal southwest monsoon does not always bring down the rate of food inflation. However, some agricultural experts (please click here, here and...
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