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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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Karnataka to launch food security scheme from July 10-Mahesh Kulkarni

-The Business Standard The state govt is gearing to launch 30 kg rice at Re 1 per kg to BPL families, which will cost Rs 4,300 cr to the exchequer The new Congress government in Karnataka led by Siddaramaiah is gearing up to launch an ambitious programme of providing 30 kg rice every month to all families below the poverty line (BPL), at a subsidised rate of Re 1 a kg from...

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Trauma deluge follows flood fury -Tapas Chakraborty

-The Telegraph Lucknow: Schoolchildren near Badrinath doodled tidal waves, broken houses and carcasses when asked recently to draw whatever they wanted. A health worker in the same district recalled a mother going repeatedly to the bank of a pond near her home in search of her two children feared dead 15 days ago. Another woman says she is having nightmares about being "engulfed by tidal waves any time" since losing her husband and...

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Millennium Development Goals are within reach, but stronger efforts needed –UN report

-The United Nations Thirteen years after the world set the Millennium Development Goals (MDGs), countries have made big strides to meet the eight anti-poverty targets by their 2015 deadline, says a United Nations report released today, which stresses that the unmet goals are still within reach, but nations need to step up their efforts to achieve them. "In more than a decade of experience in working towards the MDGs, we have learned...

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Supreme Court asks state govts to curb sale of adulterated milk

-PTI NEW DELHI: The Supreme Court on Tuesday expressed concern over the sale of adulterated milk in the country, saying it is a serious issue and action needs to be taken by the state governments to curb it. "It is a very serious issue. There is no doubt that it is happening all over the country. What action is being taken by the government?" a bench of justices K S Radhakrishnan and...

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