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LATEST NEWS UPDATES | Govt not to hike issue price of foodgrains under NFSA for 1 more year: Paswan

Govt not to hike issue price of foodgrains under NFSA for 1 more year: Paswan

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published Published on Jun 28, 2017   modified Modified on Jun 28, 2017
-PTI

New Delhi: The government has decided not to hike the prices of foodgrains sold under the food law via ration shops for one more year.

Under the National Food Security Act (NFSA), which was passed in 2013 during the previous UPA regime, there is a provision for revision of the issue prices of foodgrains every three years.

At present, the government supplies highly subsidised foodgrains at Rs. 1-3/kg to over 81 crore people in the country, costing the exchequer about Rs. 1.4 lakh crore annually.

“Prime Minister Narendra Modi has taken a historic decision to not to increase the issue price of foodgrains under NFSA for one more year,” Food Minister Ram Vilas Paswan tweeted.

By not raising the issue price under the NFSA, the government has shown its commitment towards the well-being of depressed class, he said.

The government supplies 5 kg of subsidised foodgrains to each person per month via 5 lakh ration shops, known as public distribution system (PDS). Rice is supplied at Rs. 3/kg, wheat at Rs. 2/kg and coarse grains at Rs. 1/kg.

Please click here to read more.

The Hindu Business Line, 28 June, 2017, http://www.thehindubusinessline.com/economy/govt-not-to-hike-prices-of-rice-wheat-and-coarse-grains-sold-via-pds-under-food-law-for-1-more-year-ram-vilas-paswan


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