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India cabinet approves cheap food bill for poor | India cabinet approves cheap food bill for poor |
(40 minutes later) | |
The Indian government has approved a bill which will guarantee cheap food for more than half of the country's people. | The Indian government has approved a bill which will guarantee cheap food for more than half of the country's people. |
The Food Security Bill aims at providing subsidised foodgrains to 75% of the rural population and about half of the urban households. | The Food Security Bill aims at providing subsidised foodgrains to 75% of the rural population and about half of the urban households. |
The bill now needs the approval of the parliament, where it is likely to be introduced on Monday. | The bill now needs the approval of the parliament, where it is likely to be introduced on Monday. |
The scheme is likely to cost $19bn and will be implemented in phases. | The scheme is likely to cost $19bn and will be implemented in phases. |
"This is a big challenge. The country will have to take responsibility of producing huge quantities of foodgrains," Agriculture Minister Sharad Pawar said after the cabinet meeting on Sunday. | "This is a big challenge. The country will have to take responsibility of producing huge quantities of foodgrains," Agriculture Minister Sharad Pawar said after the cabinet meeting on Sunday. |
Some 65 million tonnes of foodgrains will need to be procured from farmers for distribution under the scheme, up from some 55 million tonnes at present. | Some 65 million tonnes of foodgrains will need to be procured from farmers for distribution under the scheme, up from some 55 million tonnes at present. |
India's food subsidy bill is also expect to climb to $19bn from $13bn to finance the scheme. | India's food subsidy bill is also expect to climb to $19bn from $13bn to finance the scheme. |
Among other things, the bill proposes that | Among other things, the bill proposes that |
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Food inflation in India has fallen to 8.5% from a high of 11%, but it continues to hurt the poor and remains a cause of worry for the government. |
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