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Food Security bill wins Lok Sabha approval

27 Aug 2013 Evaluate

Congress President Sonia Gandhi's much propagated Food Security Bill, after days of unruly scenes in Parliament, finally won the Lok Sabha approval. Endorsed as India's most ambitious and historic initiative, the bill, which is to ensure food and nutritional security to its people at affordable prices was adopted after an intensive debate and protracted voting process.

The Rs 1,30,000 crore bill aims to benefit two-thirds of India's 1,20,000 crore people and eradicate hunger and malnutrition, which continues to be a gargantuan trouble in India despite its impressive economic growth in recent years.

With the approval of this bill, low-income people would be eligible to obtain rice, wheat and other grains far below the market price. Rice would be available at 3 rupees a kilo, wheat at 2 rupees and cereals at 1 rupee per person per month.

However, the bill, widely seen as an gimmick by ruling government to boost its chances of winning a third term in general elections next year, would add to the growing deficits which have hit economic growth in recent months and which have been blamed for the sharp decline of the Indian rupee.

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