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Food Security Bill to partly hurt ongoing recovery; 1QFY14 earnings in focus

-The Economic Times MUMBAI: The Union Cabinet this week passed an ordinance to implement the National Food Security Bill (NFSB). The bill guarantees legal entitlement of food grains at a subsidised price to ~67 per cent of India's population. The ordinance will come into effect immediately once it is signed by the President. But it also needs to be approved by both the houses of Parliament in the monsoon session within six...

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Food for politics

-The Hindu The government has come good on its promise to put in place a food security architecture but the manner in which it has pushed through the historic measure, which gives roughly 67 per cent of the population a legal right over cheap food grains, suggests it was done with an eye on the 2014 general election. The ordinance route is an extraordinary move, considered legitimate only in situations of...

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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...

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Cabinet clears food security via ordinance

-The Times of India NEW DELHI: The Union Cabinet on Wednesday cleared an ordinance to implement the politically significant national food security bill without waiting for Parliament's monsoon session that is about a month away. The decision to press ahead with the ordinance - delayed after the government sought to enlarge political support for the bill - is rooted in Congress's determination to project commitment to food security as an key aspect...

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Dumping of muck by hydro power projects near rivers poses big hazard in Himachal Pradesh -Anand Bodh

-The Times of India SHIMLA: Muck generated by hundreds of hydro power projects in Himachal Pradesh is being dumped along river beds, which has disturbed the natural course of major rivers in the state. With large scale construction of houses and hotels along the banks of major rivers, especially Satluj, Beas and Parbati, even a slight change in the course of these rivers could wreak havoc, like in Uttarakhand, where the...

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