Questioning the intentions of Congress, Yadav claimed the Ordinance had been introduced to reap poll benefits just like the party did by bringing Mahatma Gandhi National Rural Employment Guarantee Scheme.
SP supports the Congress-led United Progressive Alliance government at the Centre from outside.
Yadav told the media here the law could be detrimental to the interests of farmers. He observed since Parliament session was set later this month, the matter could have been discussed in the House.
“Wheat, rice and sugar form the largest basket of farm produce. If these be provided at subsidised rates by the government, then who will buy from farmers?” he said.
Yadav said the party would study the Ordinance and act in the interests of the farmers and poor. He, however, said the Centre had assured this aspect would be looked into.
Meanwhile, the Ordinance has become a law after President Pranab Mukherjee gave his consent on Friday.
Now, 800 million of India’s 1.2 billion population would be entitled to 5 kg foodgrain each a month at subsidised rates: Rs 3/kg for rice, Rs 2/kg for wheat and Re 1/kg for coarse grain.
The food subsidy is likely to swell to Rs 1,24,724 crore at 2013-14 costs. Earlier, the Budget had pegged food subsidy at Rs 90,000 crore for 2013-14.
The Ordinance would lapse if it does not get Parliament's approval within six weeks of the first sitting of the monsoon session.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app