States are expected to take responsibility for this, but the Bill ignores the nutritional crisis altogether K V Thomas Minister for Food The inclusion of iron supplements, protein, dairy supplements and vegetables can be done gradually - this Bill is just the beginning The food security Bill will certainly ensure nutrition but it is the states that have to take steps for that. The draft Bill approved recently by the Group of Ministers is...
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Making food subsidies work better by Pradeep S Mehta
If Rajiv Gandhi were alive, he would have been delighted to see his view on leakages confirmed by a research study on the public distribution system [How Can Food Subsidies Work Better? Answers from India and the Philippines by Shikha Jha and Bharat Ramaswami (http://www.adb.org/documents/working-papers/2010/economics-wp221.pdf)]. The ADB study showed that the deserving poor in India received only 10 per cent of the benefits from the system. Nearly twice accrues to...
More »Poor economics
The embarrassment of riches in grain stocks confronting the government is a problem of its own making. It is the product of ill-conceived policies on grain procurement, storage and distribution and mistimed decisions on opening and shutting of foodgrain exports. The grain stocks that have piled up as a consequence are far more than needed for any rational inventory and public distribution programme. Burgeoning food stocks pose problems of storage...
More »Food subsidy bill shoots up by a whopping of Rs 34,738 cr by Prabha Jagannathan
The Centre's food subsidy bill, incurred mainly on account of reimbursemnet of economic costs to theFood Corporation of India for grain procurement, holding and transportation, has shot up by a whopping Rs 34,738 crore compared to the budgetary allocation for 2011-12. This is mainly due to government buys of a record foodgrain crop in the 2010-11 agricultural year (july-june).The original subsidy for the year was estimated at Rs 47,239.8 crore....
More »Food security law could push up world prices, widen subsidy bill by Surojit Gupta & Sidhartha
The proposed Food Security Act has the potential to stoke global food prices and significantly increase the country's food subsidy bill, officials and experts say. The government plans to introduce a legislation which aims to ensure food security for 75% of the rural households and 50% of the urban areas and includes both below poverty line and above poverty line families. Experts say that in case there is a drought in future...
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