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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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Universal PDS already provides food security in Tamil Nadu-TE Narasimhan

-The Business Standard Rs 4,900 crore has been provided in the Budget Estimates 2013-2014 for food subsidy Chennai: The National Food Security Bill has been generating much excitement across the country but not in Tamil Nadu, since the state has a more comprehensive model in the form of a Universal Public Distribution System (PDS). Irrespective of any government, coverage of the PDS has been universal. A state government official said at a time...

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Food Bill: Is a central food scheme necessary?

-The Business Standard TN, Chattisgarh already successful; Karnataka,MP,Odisha have announced schemes Food security today became a law. President Pranab Mukherjee gave his consent to the ordinance today morning. The Cabinet had already cleared the ordinance on Wednesday. With this, almost 800 million of India's 1.2 billion population may now be entitled to 5 kgs of foodgrain each a month at subsidized rates. Subsidized rates are--Rs 3 a kg for rice, Rs 2 a...

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Madhya Pradesh 3rd state to give subsidised grain-Shashikant Trivedi

-The Business Standard About 35 mn poor families may get benefits from the scheme which has the highest malnutrition rate in India Bhopal: Madhya Pradesh CM Shivraj Singh Chouhan sounded the poll bugle on April 22 by announcing the availability of wheat at Re 1 a kg and rice at Rs 2 a kg to poor families from June 1. About 35 million poor families are expected to get benefits from the scheme...

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President expected to sign ordinance on Food Security

-PTI NEW DELHI: President Pranab Mukherjee is expected to sign the ordinance on food security on Friday. The President's Secretariat received the ordinance at 10pm on Thursday night. It will be given to the President for his consideration once he returns from IIT-Kanpur later in the day, Rashtrapati Bhavan sources said. Brushing aside political opposition, government had on Wednesday decided to issue the ordinance to give nation's two-third population the right to get...

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