-The Telegraph Mumbai: The immediate fiscal impact of the food security programme is going to be manageable. Since implementation of the scheme across India will take time, the cost burden for the programme in fiscal year 2013-14, in addition to the budgeted food subsidy of Rs 90,000 crore, has been estimated by Edelweiss Research at Rs 10,000 crore. This is roughly 0.1 per cent of the gross domestic product (GDP). But once the...
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President expected to sign ordinance on Food Security
-PTI NEW DELHI: President Pranab Mukherjee is expected to sign the ordinance on food security on Friday. The President's Secretariat received the ordinance at 10pm on Thursday night. It will be given to the President for his consideration once he returns from IIT-Kanpur later in the day, Rashtrapati Bhavan sources said. Brushing aside political opposition, government had on Wednesday decided to issue the ordinance to give nation's two-third population the right to get...
More »A Food Security Ordinance that will stimulate food inflation is passing strange
-The Times of India The Parliament's monsoon session is only about a month away. That the Union cabinet has yet taken the ordinance route to implement the national food security Bill signals the scam-tainted UPA government's desperation to woo voters before the next general elections. But the hope that expanding what is already one of the world's largest food security programmes will boost political fortunes is hallucinatory. The exchequer is already...
More »Food Bill: Is a central food scheme necessary?
-The Business Standard TN, Chattisgarh already successful; Karnataka,MP,Odisha have announced schemes Food security today became a law. President Pranab Mukherjee gave his consent to the ordinance today morning. The Cabinet had already cleared the ordinance on Wednesday. With this, almost 800 million of India's 1.2 billion population may now be entitled to 5 kgs of foodgrain each a month at subsidized rates. Subsidized rates are--Rs 3 a kg for rice, Rs 2 a...
More »Put it on the table
-The Hindustan Times The original intention was laudable but the final product leaves quite a bit to be desired. To make matters worse, the timing of its launch is all wrong, making everyone suspicious about whether the UPA government is really serious about the issue of hunger and food entitlement or is only interested in the votes that a food security law could fetch in the coming general elections. The National Food...
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