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NABARD allocates Rs 2,000 crore for Foodgrain storage warehouses

-PTI   National Bank for Agriculture and Rural Development (NABARD) today said it has earmarked Rs 2,000 crore for building warehouses which will help in facilitating distribution of Foodgrain to poor under the proposed Food Security Act. "Under RIDF ( Rural Infrastructure Development Fund), we have proposed to provide funds to the tune of Rs 2,000 crore exclusively for construction of scientific godowns across the country in this fiscal," NABARD Executive Director S...

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Welfare wisdom

-The Indian Express The Congress’s long-deferred promise, the food security bill, has been cleared by the cabinet and will now be debated and refined in Parliament. For all its formidable complexity, the draft bill is evasive on some of the fundamentals, like exactly who will be served by the subsidy. Though it has moved away from a narrowly targeted, tightly rationed approach and now intends to make cheap Foodgrain readily available to...

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Food security bill not sustainable: ADB official

-IANS The food security bill, that seeks to legally entitle majority of India's population to cheaper Foodgrains, is not sustainable as it would put further pressure on fiscal deficit and worsen inflation, an Asian Development Bank (ADB) official said on Tuesday. "While the purpose of ensuring food security to the poor is laudable, the food security bill is not the right mechanism for it," said Biswa Nath Bhattacharyay, lead professional, Asian Development...

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Cabinet clears Food Security Bill

-Express News Service In a major step towards fulfilling the ruling Congress’s poll promise, the Union Cabinet today cleared the National Food Security Bill that seeks to provide legal entitlement of Foodgrain to 75 per cent of the rural population and up to 50 per cent of the urban population. The Bill seeks to divide the eligible households into two broad categories — priority and general — wherein the “priority” group will...

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Bill provides for cost sharing with States by Gargi Parsai

The controversial targeted National Food Security Bill, which got the nod of the Union Cabinet on Sunday, is a pet project of United Progressive Alliance chairperson Sonia Gandhi. However, the recommendation made for near-universalisation by the National Advisory Council chaired by Ms. Gandhi, was set aside by the government. To be piloted by Minister of State (Independent) for Food and Public Distribution K.V. Thomas, the Bill will be introduced in the...

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