Food Bill

Written by The Financial Express | Updated: Sep 4 2013, 08:52am hrs
Apropos of the news report Food Security Bill: Lok Sabha approves $20 bln cheap grain plan for poor (FE, August 27), the plan allows subsidised wheat and rice to be sold to 67% of the countrys 1.2 billion population. If the Food Security Bill achieves its aim of eradicating poverty and malnutrition, it is good. And farmers are assured of a minimum support price as well, which is also a good thing. At the same time, we cannot forget the economic problems we face. In this context, Shekhar Guptas National Interest column Current accountability deficit (FE, August 26) is an eyeopener, literally. Having rich resources of coal, iron, bauxite, etc, it is really unfortunate that we have become importers. While others import for export and thrive on it, we become an import country having butter in our lap and going in search of ghee. In the process, we lose our industry, investment, employment opportunities and economic progress caught in the mire and mess of deficits and deprivation. At least now the government, which is left with an year to go, should wake up and act fast. Would the finance minister P Chidambaram with his new RBI governor Raghuram Rajan be able to do some reversal and give a new spurt to growth and bring down prices

Jacob Sahayam