-DNA Ordinance promulgated by UPA rules out aid during calamities - natural or man-made. Even as the food security ordinance became part of the statute book after presidential assent on Friday, the Congress and government allayed fears of the law having any effect on the financial management of the country. Armed with figures, Congress chief spokesman Ajay Maken along with food minister KV Thomas explained that the scheme, which entailed merging of...
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Food security bill has a sting in the tail for Maharashtra-Yogesh Pawar
-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...
More »Food ordinance has controversial force majeure clause-Sanjeeb Mukherjee
-The Business Standard Clause empowers both Central and state govts from their obligation to provide subsidised food in the event of war, flood, drought, fire, cyclone or earthquake The government included much-debated 'force majeure' clause in the Food Security Ordinance, despite opposition from civil socieity and a Parliamentary standing committee. However, the clause can now only be invoked if the Central government in consultation with the Planning Commission decides as to whether such...
More »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...
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