Experts to advise if free food comes under CPI
2 months, 3 weeks ago

Experts to advise if free food comes under CPI

Hindustan Times  

NEW DELHI The government wants to know whether free food distributed to nearly 800 million beneficiaries under the National Food Security Act 2013 should be kept out of inflation calculation, as it is in the process of creating a new, updated consumer price index, the gauge that measures changes in retail prices. The ministry of statistics and programme implementation has put out a discussion paper, seeking views from experts on how to “treat” free ration under the public distribution system or PDS, which comprises a network of 500,000 far-price shops. “We need a clear concept on how to account for free social transfers such as food in the new CPI measure,” the official said. According to the IMF’s guidelines, CPI should be “confined to final consumption expenditure incurred by households, in which case free social transfers in kind would be excluded from the scope of the index”.

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History of this topic

Revise India’s inflation gauge but handle the revision with care
2 months, 2 weeks ago

Revise India’s inflation gauge but handle the revision with care

Live Mint  

The remarkable insights into the changing pattern of household consumption thrown up by the latest Household Consumption Expenditure Survey 2023-24 are of special relevance for a wide range of policy decisions. In recent months, Union ministers have expressed qualms over RBI’s apparent unwillingness to look through inflation driven by food prices in its formulation of monetary policy. In December, the …

Welfare schemes have reshaped the retail prices that matter to people
2 months, 2 weeks ago

Welfare schemes have reshaped the retail prices that matter to people

Live Mint  

The Union ministry of statistics and programme implementation has recently put out a discussion paper on ‘The treatment of PDS items and other free social transfers in consumer price index compilation.’ First, the background: In January 2023, the government announced a programme to supply free foodgrains to around 800 million households covered under the National Food Security Act. One, how …

Govt evaluating impact of PDS ration on inflation
4 months ago

Govt evaluating impact of PDS ration on inflation

Hindustan Times  

New Delhi When Dubai got selected as the host for the World Expo 2020, Baskin Robbins declared it would serve everyone who walked into their outlets in the UAE a free scoop of ice-cream. India offers food grains to nearly 813 million needy people at zero price, or for free, under the National Food Security Act 2013. On Wednesday, officials …

‘Beneficiaries getting surplus food grains’: Rajnath Singh hails free ration scheme
9 months, 3 weeks ago

‘Beneficiaries getting surplus food grains’: Rajnath Singh hails free ration scheme

Hindustan Times  

Under the Centre's flagship free ration scheme, beneficiaries were getting more food grains than they could consume, and were selling the surplus in the market, Defence Minister Rajnath Singh said on Wednesday. Rajnath Singh “Are you not getting five kg food grains?” he asked attendees at an election rally in Bihar's Karakat Lok Sabha constituency. Singh, however, stated that the …

Consumption survey report inspired by polls: Congress
1 year ago

Consumption survey report inspired by polls: Congress

The Hindu  

The Congress on Tuesday described the Household Consumption Expenditure report of the National Sample Survey Office as “election-inspired survey” and questioned the different estimates of poverty given by different agencies in the past one year. Congress chief Mallikarjun Kharge, in a post on X, accused the Modi government of coming out with “an election inspired survey after asleep at the …

How the CPI basket conceals the inflation picture
1 year, 8 months ago

How the CPI basket conceals the inflation picture

The Hindu  

Imagine entering an antique store and coming across an old wooden trunk. Although these have a minimal weight in the overall CPI calculation, we are clinging onto the past, tracking items that no longer hold the same relevance in our consumption patterns. First, as nations undergo economic advancement and societal progress, a typical trajectory involves diversifying food intake and embracing …

Free rations an admission of the starvation facing the country: CPI(M)
2 years, 2 months ago

Free rations an admission of the starvation facing the country: CPI(M)

The Hindu  

The Narendra Modi government’s latest announcement that it will provide free rations under the National Food Security Act is a clear admission of the starvation that our population is facing, the CPI Polit Bureau said in a statement here. The party has demanded the continuation of both the free 5 kg foodgrain that the government started giving during the COVID-19 …

Dealing with freebies: As India needs food subsidy reforms, Modi can take a cue from Vajpayee
2 years, 7 months ago

Dealing with freebies: As India needs food subsidy reforms, Modi can take a cue from Vajpayee

Firstpost  

The release of two papers — from the World Bank and the International Monetary Fund respectively — has once again brought the poverty debate into the limelight. The IMF paper, however, calculates poverty by using the National Statistical Organisation’s Consumer Expenditure Survey as base and adjusting it for direct effect of massive food grain subsidy given under the National Food …

Recovery ‘uneven’, food prices to blame for high inflation: Finance Ministry
3 years, 8 months ago

Recovery ‘uneven’, food prices to blame for high inflation: Finance Ministry

The Hindu  

India’s economic recovery after the ebbing of the second COVID-19 wave remains uneven, despite an uptick in several economic indicators through June, the Finance Ministry said on Friday. Attributing the spike in retail inflation over the last two years to higher food inflation, the Ministry said that prices were expected to cool in the short term from the 6.3% inflation …

CPI(M) seeks food security for all
14 years, 11 months ago

CPI(M) seeks food security for all

The Hindu  

The Dakshina Kannada district unit of the Communist Party of India has sought a scientific public distribution system aimed at achieving food security for all. B. Madhava, secretary of the party's district unit, told presspersons here on Saturday that the existing PDS, with the target group being identified on the unscientific below the poverty line concept, benefited only a few. …

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