Popular Articles

Rate war in home loan market hots up
ICICI, Kotak Mahindra announce fixed-cum-floating rate schemes.

Airtel may sign MoU with Warid during Hasina's visit
Bharti Airtel is likely to sign an agreement with Bangadeshi firm Warid Telecom for acquiring 70 per cent stake during Prime Minister Sheikh Hasina"s visit to India next week.

News of the day

Syndicate Bank Q3 net dips 42% to Rs 206 cr
Public sector lender Syndicate Bank today said its net profit declined by 42.27 per cent to Rs 205.72 crore for the third quarter ended December 31, 2009, over the same period last fiscal.
Business Ideas

Food security law can't cater to APL families

The central pool of food grains is insufficient to provide for families above the poverty line (APL) who are covered by the Targetted Public Distribution System (TPDS), if they are to be all included in the proposed National Food Security Act, show data from the Planning Commission. - Supply of wheat and rice to APL families falling since 2006 - BAPL likely to hand over land to project affected families in 2 yrs - Balmer Lawrie PAT up 20% - Powerful, but pricey - Geetanjali Krishna: Touched by an angel">Geetanjali Krishna: Touched by an angel - Changi buys 26% in India"s first airport city project Food security for all was a poll promise from the ruling Congress party before this year’s general elections. The proposed law is aimed to entitle every family below the poverty line (BPL) to 25 kg of rice or wheat a month at Rs 3 a kg, but there have been demands for inclusion of APL families in the scheme, too. The minister for food and agriculture, Sharad Pawar, had assured the Rajya Sabha last month that the government would follow an inclusive policy in which both APL and BPL families would get foodgrains at cheaper rates. The issue is particularly on including APL families who come under the TPDS —roughly a fifth of all APLs. However, Planning Commission estimates reveal even such limited inclusion of APL families is not viable and only an enabling provision could be made, to give food security to these families depending on availability of stocks in the central pool. The total annual requirement of foodgrain would be around 40 million tonnes, assuming (as done by the Commission) BPL allocations at 25 kg a month and APL allocation at 11.72 kg. The average procurement in an average year by the government is assumed at 40-41 mt, which is shared with three other similar welfare schemes, besides the targetted public distribution system. Therefore, the amount left for food security is insufficient to provide for both APL and BPL families. "The estimates have been worked out as part of the groundwork for the proposed Food Security Act," said a senior official. More, the figure of 40 mt required for food security is a moderate estimation. For, it takes into consideration only 65.2 million BPL families, while there are actually 108.6 million BPL cards issued by state governments. Adding to this, a government committee headed by veteran economist Suresh Tendulkar estimates poverty as covering 38 per cent of the total population, against the government estimation of 22.7 per cent. Delhi, Uttar Pradesh and Haryana have separately proposed transfer of food subsidy in cash directly to BPL families as a pilot programme.


Add your comment:
Name:
Site address: http://
Your message:
Enter today\\\\'s date, 2 digits
(spam protection):