-The Times of India After debating the issue for over a decade, the government on Thursday threw open the multi-brand retail segment to foreign chains such as Wal-Mart, Carrefour and others in a move to attract overseas investment and dispel doubts about the coalition's ability to push through big-bang reforms. After nearly two hours of discussion on Thursday evening, the Union Cabinet decided to allow foreign retailers to hold 51% stake in...
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Major changes in Food Security Bill on the anvil, says Thomas by C Gouridasan Nair
The much-awaited National Food Security Bill will be introduced in the winter session of Parliament incorporating some major changes recommended by the National Advisory Council, chaired by Congress president Sonia Gandhi. Union Minister of State for Consumer Affairs, Food, and Public Distribution K.V. Thomas told The Hindu on Sunday that the council proposed coverage of the food security scheme from the present 45 per cent to an estimated 63 per cent...
More »India needs modern storage to sustain food bill proposals
-PTI Food minister KV Thomas said that apart from raising foodgrains production, the country needs modern storage facilities on the lines of China to sustain the implementation of new food bill provisions. The draft National Food Security Bill, which is likely to be introduced in the winter session of Parliament, seeks to provide legal entitlement to subsidised foodgrains to 75 per cent of the country's rural population and 50 per cent of...
More »Thomas briefs Sonia on food security Bill by Gargi Parsai
Union Minister of State for Food K.V. Thomas on Saturday met Congress president and National Advisory Council (NAC) Chairperson Sonia Gandhi and apprised her of the progress made in the proposed National Food Security Bill. This was the first meeting Mr. Thomas had with Ms. Gandhi since her return after a surgery abroad. “The Minister briefed her about the progress made in the proposed Bill, which has been posted on the Ministry's...
More »India needs to curb Food Wastage to tackle inflation: World Bank
-The Hindu Business Line Input subsidy expenses not contributing to boost productivity The World Bank has said that South Asia's foodgrain stock management, especially in India, needs to improve to tackle inflation. In its focus on food inflation in South Asia, the bank said that high stocks have led to high wastage due to inadequate storage capacity and technology. According to World Bank's estimates, the Food Corporation of India lost 10-16 million tonnes...
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