Sunday, April 29, 2012

2544 - ‘Subsidies for the corporate sector are eight times that of the food subsidy’ - Business Economics


      ‘Subsidies for the corporate sector are eight times that of the food subsidy’http://www.businesseconomics.in/?p=4210



Biraj Patnaik
Principal Advisor,Office of the Commissioners
to the Supreme Court in the Right to Food Case


Q) In the budget, the FM assured that the government would give all the subsidies related to food security. But on the other hand, he targeted to curb the subsidy bill to less than 2% of the GDP. Do you think that it is contradictory?
A) It is not just contradictory; it is very unrealistic as well. The intent of the government is quite clear, it seeks to further penalise the aam admi, while continuing to subsidise corporations. Remember that the subsidies for the corporate sector are eight times that of the food subsidy. We can find money for industry but not for the poor. That is the unambiguous message from this budget.
There is around 3% rise in food subsidy allocation in Budget 2012-13, taking the amount to INR 75,000 crore. Do you think it will meet the purpose? Or, how much food subsidy is required to secure food?

The provisioning for food subsidy is not even enough to cover the cost of operations this year and like in the previous year, the RE for the food subsidy will be way in excess of the budgeted amount. FCI will not be able to cover the cost of their operations and subsequently will default in payments to the state food corporations. Ultimately, as has been happening in the past few years, it will be the farmer who will bear the brunt of this since the procurement operations will get badly affected.

Q) What is your opinion on the use of ‘Aadhaar’ in the PDS system for more efficient implementation of food security?
A) Aadhaar at its best will help curb duplication and fraud at the household level. But it is neither a substitute for governance, nor political will, nor the problems of targeting. Most states, which have reformed the PDS today, have done so without touching the last mile issues that Aadhaar will best address. It is a welcome step that the government is finally waking up to the need for reforming the PDS. But half measures and an absence of political will are the biggest impediments to the reform of the PDS.


Q) What are the missing links in the budget from the perspective of food security?
A) This budget has not factored in the food security bill, which was the big ticket item for UPA II. There is nothing for agriculture either, other than ticking the right boxes. Take the provisioning for the “green revolution” in the eastern states: while the hike in allocations by a few hundred crore may seem impressive, in reality, it translates to less than INR 1,00,000 of investment per village. What kind of a revolution do you expect with that investment? Similarly, the increase in allocations of agricultural credit means nothing unless the norms are tightened to facilitate credit to small and marginal farmers rather than corporations. The increase in the ICDS budget by ` 5000 crore is welcome. But remember that the total allocation is five times less than what the Women and Child Development Ministry had demanded as part of the ICDS restructuring.

The increase in allocations of mid day meal scheme, barely covers for inflation. In short, there is little on food security in this budget to comment on.