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KV Thomas, Food Minister interviewed by Sanjeeb Mukherjee

-The Business Standard For the first time, the Union Budget for 2013-14 made a provision of Rs 10,000 crore for rolling out UPA-2 most ambitious social security programme--the proposed Food Security Law. This is over Rs 80,000 crore as normal food subsidy. Food Minister K V Thomas tells Sanjeeb Mukherjee that the Budget provision of Rs 90,000 crore as food subsidy will be enough to roll out the Bill in its...

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World Bank bans L&T for forgery

-PTI Castigates the company for fraudulent practices in winning an aided project in Tamil Nadu The World Bank has barred Larsen & Toubro (L&T) from doing any business with it or the projects funded by it for six months, after finding that a senior executive of the conglomerate has indulged in fraud. The debarment will continue till September 6, making L&T ineligible for being awarded contracts for any World Bank-funded projects, from receiving...

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A rough guide to India’s Food Security Bill

Introduced in the Lok Sabha in December 2011, the UPA government’s Food Security Bill is finally going to be discussed in the current (Budget) Session of Parliament. The proposed legislation is now slated to see many additional amendments from the government, following criticism from the States, NGOs and diverse stake-holders working on access to food and child health. Attempt here is to summarise in a Q & A format the...

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The wrong direction

-The Business Standard Budget underestimates food, fertiliser subsidies If the projections in the 2013-14 Budget are to be believed, subsidies on food and fertiliser which, along with petroleum subsidy, account for nearly 95 per cent of total subsidies are unlikely to rise much in the next financial year. This prognosis, reflected in an increase of just Rs 5,000 crore in food subsidy allocation and no change in the fertiliser subsidy, is odd;...

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