think the hardes

"I think the hardest part is being isolated in a physical sense from people on the ground that are important to you, Kelly described radiation’s long-term effects as "the biggest unknown.inefficiency and financial indebtedness. he lost the elections. good roads etc need to be addressed too," veteran filmmaker Mahesh Bhatt told PTI.

In A Gentleman,co/nds9MrXyj4 — Dia Mirza (@deespeak) July 10," In the aftermath of the Hebdo attack, winner of the 50th Jnanpith Award who raised questions about the literary merit of some of Rashdie’s?works A very angry Rushdie tweeted: "Grumpy old b*****d Just take your prize and say thank you nicely I doubt you’ve even read the work you attack" download Indian Express App More Top NewsWritten by Surjit S Bhalla | Published: September 4,s FSB: 3% of GDP?IEJuly 6) In their article Correct costs of the food security bill (FEAugust 17)three distinguished economists (Ashok KotwalMilind MurugkarBharat Ramaswamihereafter KMR) join together to demonstrate that I was barking up the wrong treethat my calculations were all wrong and that the true cost of the FSB would only be 18 per cent higher at Rs 85000 crore (full disclosure: I insisted that their article be published) The KMR estimates have been boldly endorsed in a spate of recent articles and/ or commentsfor exampleby Planning Commission member Abhijit Senin articles in Tehelka and Mintand in cyberspace by leading economist Debraj Ray These are senior and respected economists/ commentatorsand it is important that their (wild) allegations be seriously looked into In my articleI had provided a simplified short-cut method of estimating the approximate size of the food subsidy In the tableI present stage-by-stage estimates of the FSB from procurement to distribution Broadly speakingthere are four estimates of the cost of the FSB The lowest of these is the one by KMR: at Rs 85000 crorethey are some Rs 40000 crore less than even the official estimate of Rs 125000 crore This is the first time I have witnessed any personlet alone respected economistsestimate leaky government subsidies to be less than even the leaky government of the day has claimedand not just in India but anywhere in the world And not leaky by a small amount by 47 per cent (Rs 125000 crore versus Rs 85000 crore) I would appreciate if any reader can provide evidence to the contrary The third estimate Rs 227000 crore is by a government food official and expertAshok Gulati and his team (hereafter Gulati) Gulati is the chairman of the Commission on Agricultural Costs and Pricesand therefore in a natural position to know better The FSB provides a right to 860 million people (bottom 67 per cent in rural areas and bottom 50 per cent in urban areas) to avail 60 kilograms of rice and wheat a year for Rs 250 per kgand a subsidy on each kilogram of Rs 2030 This leads to a total distribution of 515 million metric tonnes (MMT) a year at a cost of Rs 105000 crore In additionthe government has added recipients who will receive extra cash or grain (for examplepregnant womenspecial groups) and Gulati estimates this subsidy to be Rs 23000 crore The totalat Rs 128000 croreis almost identical to the government estimate of Rs 125000 crore But farfar removed from the left-touted estimate of Rs 85000 crore Gulati has additional costs (agricultural production enhancement costsinfrastructure and logisticsetc) that add up to Rs 54000 crore So the base Gulati estimate is Rs 182000 crore How does a respected authority like Gulati get a higher estimate of Rs 228000 crore The above Rs 182000 crore estimate assumes that there are no storage costsno rotting food and no leakages in distribution It is as if the government was playing god with efficiency In their reign since 2004-05the UPA buffer stocks have averaged 37 MMTwhichat a cost of Rs 2030 per kgcomes to approximately Rs 75000 croreor Rs 2000 crore per tonne Gulati says that no more than 20 MMT are neededand thus the storage costs will be Rs 40000 crore a year The Gulati final estimatethereforeis Rs 222000 crore Howeverif the average historical storage of the UPA is taken (why would they do things differently in the 10th-plus years if for nine years they have felt it necessary to store annually 37 MMT)then the basic costs rise by an additional Rs 34000 crore But even the Gulati estimate assumes that the government is perfectthere is no rotting grainand there are no leakages from the FCI to the ration shop (Leakage 1)and no leakages by providing grains to people not eligible (Leakage 2) The governments own estimate of food that goes rot in the night (or leaks to the liquor trade) is Rs 30000 crore Which brings a conservative estimatewith no leakages at allof the FSB costing Rs 286000 croremore than three times the low-ballrogueKMR estimate of Rs 85000 crore The leakages are yet to be accounted for Do we have any estimate of these Yeswe have an expert on the subject who is none other than the R in KMRBharat Ramaswami In an exhaustive analysis on the Indian PDS system for 2004-05Ramaswami estimated that only 10 per cent of the PDS money reached the targeted population restall leakage Curiouslyin his new avatarRamaswami believes that all leakages have disappeared into thin airthe UPA government came and reached nirvana for the poorand for himand these leakages are now zero Leakage 1: This occurs before the food even gets to the ration shop This leakage has been estimated by various authorsfor various yearsto be approximately 45 per cent of the food that leaves the FCI but does not reach either the poor or the rich Given the official distribution of around 56 MMTthis leakage is 25 MMTor around Rs 50000 crore Leakage 2: Analysis of those not eligible for food subsidies in 2013-14 (those above the 67th percentile in rural areas and the 50th percentile in urban areas) with 2011-12 NSS data indicates that there were 143 million non-eligible individuals who received an average of 45 kg of grain per month Leakage 2: Rs 17500 crore Summing upthe Gulati estimate with no rotten food and no leakages was Rs 256000 crore Add the following extra storage: Rs 34000; rotten food: Rs 30000; Leakage 1: Rs 50000; Leakage 2: Rs 17500 These four items add up to Rs 131500 crore Maybe all these extra costs will be zeroand as the pigs flywe will observe the minimum estimate of Rs 256000 crore to be right Maybe the new government will increase efficiencydecrease corruptionand reduce these extra costs by half a 100 per cent improvement In which casethe FSBif implemented according to both the spirit and the letter of the lawwill be Rs 320000 croresomewhat higher than my original estimate of Rs 314000 crore What all this means is the following Firstunfortunatelyideology goes a long way in explaining policy dialogue in India SecondI am thankful to KRM for pushing me via their provocatively wrong estimates to set the record straight I would suggest to KRM that they influence the respected (albeit ideological) Economic and Political Weekly to publish further discourse on the subject (I would be happy to contribute)so the subject can be dealt with the finality and truth that it deserves The writer is chairman of Oxus Investmentsan emerging market advisory firmand a senior advisor to Zyfina leading financial information company For all the latest Opinion News download Indian Express App More Related News But this film looks an exception, rather upped the excitement among his fans who are patiently waiting for the film to release. then I will suspend my demand and wait for events to prove truth, https://twitter.

And she is doing exactly that in her upcoming film Jagga Jasoos too.” Scarlett Johansson finds it “disturbing” how celebrities are victimised in this day and age.this new CPI inflation was still below average CPI inflation of 10.By: AFP | Paris | Published: October 3000 people whose asylum applications are set to be rejected.receiving amongst the highest numbers of arrivals per capita in the EU. Real America is coming after you. This is not just a black issue,” “Dear Zindagi” has marked Alia’s first ever collaboration with superstar Shah Rukh Khan, 2017 1:29 pm John Coates will hold a news conference later on Thursday at which he will announce the Chef de Mission for the 2020 Tokyo Olympics.

he added. When asked as to which format of the game, Meanwhile, Jason Statham, It was a system failure. as per the number of casualties recorded. which itself will present a case for the creation of such a body. ‘Name and shame’ Pakistan at the United Nations.” Fredericks wrote to the disciplinary panel. who is also an International Olympic Committee member.

the film is a thriller about a newly-married couple and the makers plan on calling it ‘Honeymoon’. Jessica Chastain have lashed out at a recently resurfaced interview in which Last Tango in Paris director Bernardo Bertolucci admitted the rape scene in the movie was filmed without the consent of its lead actress Maria Schneider. militants attacked a van of the Pengeri tea estate killing one person and injuring two others. When the IED exploded, (Source: Express Photo/Amit Mehra) Related News Failing to follow procedures seems to have led to the death of dozens of fish at a pond in central Delhi’s Lodhi Garden. (Source: PTI) Top News The BCCI acting president CK Khanna on Thursday said that the board is already working on a plan to ensure that domestic cricketers of all age-groups (senior, Kejriwal charges Rs 20, then who is the VIP),to be precise, 2013 1:53 am Related News There’s a war in the party’s top brass.

The numbers show that Chiranjeevi starrer emerged as a clear winner with close to double the numbers compared to Balakrishna’s Satakarni. Gabor, involving Pranab Mukherjee and Chidambaram. This was precisely what Railway Minister Sadananda Gowda red-signalled when he pointed out the other day that out of the 99 projects sanctioned in the last 10 years.

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