Cabinet likely to reconsider food security bill on Dec 19

17 Dec 2011 Evaluate

The Cabinet is expected to reconsider the Food Security Bill on December 19, 2011. The proposed bill is likely to cost Rs 2 lakh crore annually for the government. Earlier the annual cost was estimated at Rs 1-1.5 lakh crore, but the latest calculation by the Commission for Agriculture Costs and Prices (CACP) could show a higher outgo. The government is aiming to introduce this bill in the ongoing winter session of Parliament.

For the current financial year, the finance ministry allocated Rs 60,572.98 crore in the Budget for food subsidy. The bill is expected to make a provision for providing not less than 7 kg of food grains per person per month for the priority household. Around 48% of all rural households and 28% of all the urban households shall be selected as priority households. Under which, the families will get rice at not less than Rs 3 per kg, wheat Rs 2 per kg and coarse grains not less than Rs 1 per kg.

Moreover, not less than 75% of rural households and at least 50% of urban households will be entitled to get food grains at subsidized prices, which will include priority and general households. It is also proposed to provide not less than 3 kg of food grains per person per month for the general household per person per month. Pricing under this category will not exceed 50% of the minimum support price for wheat, coarse grain and rice.

The proposed Bill will also have special provisions for pregnant women. Any unemployed pregnant woman will get maternity benefits of Rs 1,000 per month for a period of six months. Not only that, she will also get rations or nutritious and freshly cooked meals free of charge during pregnancy and six months thereafter. This food will be provided by local anganwadis.

The bill further talks about nutritious take home rations and/or freshly cooked meals throughout the year through the local anganwadi for all children in the age group of 0-3 years. All children in the age group of 3-6 years will get freshly cooked meals in the local anganwadi for at least 300 days in a year.

The centre is also likely to prescribe guidelines for the identification of priority and general households. This will include exclusion criteria also, on the basis of which, state governments will identify the households, and the list will be displayed in public domain.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Fiduciary-first advisory model.
As SEBI-registered IAs, we are legally and ethically bound to act in the best interests of our clients. We do not sell or distribute any financial products. This ensures our guidance is 100% unbiased and conflict-free.
Deep fundamental research + robust valuation discipline.
Built on more than 15 years of equity research, our framework combines quality assessment, intrinsic value estimation, and a sensible margin-of-safety approach.
Process—not predictions.
We don’t rely on guesswork or market timing. Instead, we focus on asset allocation, risk management, and long-term compounding.
Technology + Human Intelligence.
We believe a combination of both is essential for investing success. We constantly innovate and upgrade in-house tools, financial X-rays, and portfolio analytics so that our team of analysts and advisors are equipped with the best.
Partner with Clients.
We follow a DIWM (Do-It-With-Me) approach where we partner clients in setting goals, financial planning, educating on our investing process and share decision-enabling resources transparently with our clients who retain control on execution.

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

Investing in stocks, mutual funds, debt, and gold
Quality-at-Reasonable-Price way of investing in stocks
Constructing Direct Stock Portfolios with Core, Booster, and Amplifier stocks
A Mutual Fund Portfolio that delivers consistent out-performance and meaningful diversification (low overlap)
Periodic review and rebalancing
Clear Buy-Sell-Hold, and Position-sizing frameworks

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
Logo:
Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com Telephone: +91 98609 19463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.