-DNA The Centre may have used the ordinance mode to push through with the Food Security Bill in the hope that this will bring political dividends but many of its stipulations will lead to serious challenges, even in a Cong-NCP ruled state like Maharashtra. On one hand, the total food grain availability in the state will go up from 3.95 lakh tonnes to 4.25 lakh tonnes, but only 75% from existing...
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Cong eyes rich harvest from food security
-The Telegraph New Delhi: The Congress today indicated that the food security scheme would be its main electoral plank, describing it as the biggest ever government intervention in the world to fight hunger and malnutrition. President Pranab Mukherjee today signed the food security ordinance that entitles two-thirds of India's population to 5kg food grains every month at highly subsidised rates. The Centre plans to convert it into an act soon. Congress communications chief...
More »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...
More »Food bill not to hurt coffers
-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...
More »Push for study quotas in private institutes -Basant Kumar Mohanty
-The Telegraph New Delhi: Two panels examining the education standards of SC/STs and OBCs have urged the Centre to enact a law to implement admission quotas for them at private institutions of study. The panels, set up by a national monitoring committee for education of SC/STs and persons with disabilities, have suggested that private higher study institutions must implement quotas of 15 per cent for SCs, 7.5 per cent for STs and...
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