Alleviating hunger

| Updated on March 25, 2013 Published on March 25, 2013

With reference to the editorial “Hunger alleviation” on the National Food Security Bill ( Business Line, March 21), the suggestion on direct cash transfer may not be practical as the prevailing market price (in Rs/kg) varies from State to State and city to city, even from street to street.

There are also wide variations from month to month, sometimes week to week. Reimbursement is out of question for obvious reasons. The Government has first to transfer the cash. If the Government resorts to averaging, it may not work because, even if the cash is transferred without delay, it may be insufficient for many to buy non-subsidised food.

Thus, recommendations of the various panels on these issues require serious consideration and discussion before implementing Direct Cash Transfer for food.

S. Pandian


Opening new banks

“Will new banks be a game-changer” ( Business Line, March 22), raised several valid points. Yet there is a degree of confusion on what exactly the government wants. Is it aiming to create big, global banks through the merger process?

Or does it only mean to expand the existing banking structure by approving another set of private sector banks?

Keeping in view the branch network in existence now and the increasing need for better financial inclusion, converting ‘India Post’ into a banking entity is a good idea and such a standalone concept deserves the backing of all stakeholders.

Similarly, opening an exclusive bank ‘by women and for women’ is also a novel idea and needs quick examination and implementation.

However, opening new private sector banks vis-à-vis merging existing public sector banks, surely needs clarity of thought and appropriate action.

At this stage, the two approaches appear contradictory.

I.K. Kilam


Published on March 25, 2013

A letter from the Editor

Dear Readers,

The coronavirus crisis has changed the world completely in the last few months. All of us have been locked into our homes, economic activity has come to a near standstill. Everyone has been impacted.

Including your favourite business and financial newspaper. Our printing and distribution chains have been severely disrupted across the country, leaving readers without access to newspapers. Newspaper delivery agents have also been unable to service their customers because of multiple restrictions.

In these difficult times, we, at BusinessLine have been working continuously every day so that you are informed about all the developments – whether on the pandemic, on policy responses, or the impact on the world of business and finance. Our team has been working round the clock to keep track of developments so that you – the reader – gets accurate information and actionable insights so that you can protect your jobs, businesses, finances and investments.

We are trying our best to ensure the newspaper reaches your hands every day. We have also ensured that even if your paper is not delivered, you can access BusinessLine in the e-paper format – just as it appears in print. Our website and apps too, are updated every minute, so that you can access the information you want anywhere, anytime.

But all this comes at a heavy cost. As you are aware, the lockdowns have wiped out almost all our entire revenue stream. Sustaining our quality journalism has become extremely challenging. That we have managed so far is thanks to your support. I thank all our subscribers – print and digital – for your support.

I appeal to all or readers to help us navigate these challenging times and help sustain one of the truly independent and credible voices in the world of Indian journalism. Doing so is easy. You can help us enormously simply by subscribing to our digital or e-paper editions. We offer several affordable subscription plans for our website, which includes Portfolio, our investment advisory section that offers rich investment advice from our highly qualified, in-house Research Bureau, the only such team in the Indian newspaper industry.

A little help from you can make a huge difference to the cause of quality journalism!


Support Quality Journalism
This article is closed for comments.
Please Email the Editor
You have read 1 out of 3 free articles for this week. For full access, please subscribe and get unlimited access to all sections.