-The Economic Times The Food security Bill cleared by the Cabinet is likely to hurt the poor more than it helps them. India already has 54.7 million tonnes of rice and wheat lying as stocks with the Centre and the states, 29.7 million tonnes of grain in excess of the buffer stocking norm. Offtake of rice in the current fiscal year has been 74% of the allotment, and that of wheat,...
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Welfare wisdom
-The Indian Express The Congress’s long-deferred promise, the food security bill, has been cleared by the cabinet and will now be debated and refined in Parliament. For all its formidable complexity, the draft bill is evasive on some of the fundamentals, like exactly who will be served by the subsidy. Though it has moved away from a narrowly targeted, tightly rationed approach and now intends to make cheap foodgrain readily available to...
More »Jayalalithaa opposes National Food security Bill, says it is replete with confusion and inaccuracy
-PTI Strongly opposing the draft National Food security Bill, Tamil Nadu chief minister J Jayalalithaa today said it was replete with "confusion and inaccuracy" and asked the Centre not to attempt encroaching into the domains of states. In a strongly-worded letter to PM Manmohan Singh, she said the Central government "should not attempt or be seen to attempt encroaching into the domains of the states" and sought exemption of Tamil Nadu from...
More »Not a grain of sense
-The Business Standard The new Bill will set back the cause of food security - while wrecking central finances. The Food security Bill cleared by the Union Cabinet for introduction in Parliament seems irrational and impractical by parts. It seeks to provide a statutory right to highly-subsidised food for 75 per cent of the rural population, with 46 per cent in the “priority” category, or below the poverty line (BPL); and to...
More »NABARD allocates Rs 2,000 crore for foodgrain storage warehouses
-PTI National Bank for Agriculture and Rural Development (NABARD) today said it has earmarked Rs 2,000 crore for building warehouses which will help in facilitating distribution of foodgrain to poor under the proposed Food security Act. "Under RIDF ( Rural Infrastructure Development Fund), we have proposed to provide funds to the tune of Rs 2,000 crore exclusively for construction of scientific godowns across the country in this fiscal," NABARD Executive Director S...
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