-Zeebiz Bureau The Union Cabinet on Tuesday cleared revised food security bill which seeks to protect 2.43 crore poorest of poor families under the Antodaya Anna Yojana (AAY) by continuing supply of 35 kg foodgrains per month per family. The amendments in the Bill have been suggested after taking into account the recommendations of the Parliamentary Standing Committee. In the original Bill, introduced in December 2011 in the Lok Sabha, the government had...
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Fundamental flaw
-The Indian Express In all its versions, the food security bill places an unbearable fiscal burden, further distorts agriculture The design of policy in the revised version of the food security law proposed by the food ministry — cabinet approval for which was deferred on Monday — will make a bad idea worse. It is even less concerned about the imperatives of fiscal sustainability and the needs of the Indian population. Providing...
More »Centre plans to cut grain entitlement -Gargi Parsai
-The Hindu Despite severe opposition from civil society groups, the Union government has decided to cut the entitlement of a beneficiary to subsidised grain from 7 kg a month (as provided in the National food security bill) to 5 kg under the Public Distribution System, as recommended by the Parliamentary Standing Committee on Food. But it will continue providing the 2.3 crore beneficiaries of the Antyodaya Anna Yojna (the poorest of the...
More »Finance red flag over 38% jump in food subsidy-Ravish Tiwari & Manoj CG
-The Indian Express The annual subsidy bill for the UPA’s proposed food guarantee law has been estimated at Rs 1,24,747.1 crore, 38.6 per cent over the budgeted food subsidy of Rs 90,000 crore for next year. An alarmed finance ministry is learnt to have red-flagged some major changes proposed in the original National food security bill, sources said. It has objected to the proposal to do away with the original categorisation of beneficiaries...
More »The feeding frenzy of kleptocracy-P Sainath
-The Hindu Since 2005-06, taxes and duties for the corporate world and the rich have been written off at the rate of Rs.7 million a minute on average. Duties waived on gold and diamonds in the last 36 months equal the 2G scam amount Forbes has just added an “errata” to Union Finance Minister P. Chidambaram’s budget speech. The Minister had found a mere 42,800 people in the country with a taxable...
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