President clears Ordinance on Food Security

Image
Press Trust of India New Delhi
Last Updated : Jul 05 2013 | 4:35 PM IST
President Pranab Mukherjee today signed the ordinance on Food Security to give nation's two-third population the right to get 5 kgs of foodgrains every month at highly subsidised rates of Rs 1-3 per kg.
Mukherjee cleared the ordinance, which was received by the President's Secretariat last night, ending speculation that he may not be in a rush to give his nod in the wake of strong reservations over its present form expressed by BJP, Left and some other major parties.
The Food Security programme will be the biggest in the world with the government spending estimated at Rs 125,000 crore annually on supply of about 62 million tonnes of rice, wheat and coarse cereals to 67 per cent of the population.
The Cabinet, which had last month deferred a decision on the issue following differences within, had approved promulgation of an ordinance to implement the Food Security Bill on Wednesday.
The Ordinance comes just weeks before the scheduled Monsoon session of Parliament and political parties demanding that the Food Security Bill be debated in both Houses before being passed.
Left parties attacked the government for taking the ordinance route saying the UPA-II has shown contempt for Parliament while BJP termed it an "election gimmick" saying Congress was running away from a debate in the House.
Samajwadi Party, a key outside supporter of UPA, also sharply opposed promulgation of the ordinance saying it was undemocratic and the programme would derail the food economy.
The Ordinance will have to be approved by both the Lok Sabha and the Rajya Sabha within six months of promulgation.
The measure will guarantee 5 kg of rice, wheat and coarse cereals per month per person at a fixed price of Rs 3, 2, 1, respectively,
However, about 2.43 crore poorest of the poor families covered under the Antyodaya Anna Yojana (AAY) scheme under PDS (Public Distribution System) would continue to get 35 kg of foodgrains per family per month but with legal entitlement.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

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

More From This Section

First Published: Jul 05 2013 | 4:35 PM IST

Next Story