Cabinet passed Ordinance to implement Food Security Bill
In order to implement the Food Security Bill, the cabinet
unanimously approved an ordinance regarding the same. The Food Security
Bill guarantees food entitlements to two-thirds (67%) at highly
subsidized rates.
The bill envisages providing 5 kg of rice, wheat and coarse grains at Rs 3, Rs 2, Rs 1 per kg, respectively, every month to three-fourths of rural population and half the urban population in the country.
The scheme would require more than 61 million tonnes of foodgrain and is expected to cost the government about Rs 1,25,000 crore. The plan proposes to continue the Antyodaya Anna Yojna through which government provides poor households 35 kg foodgrain per household per month at subsidized prices of Rs 1-3 per kg.
Many are of the view that the programme will burn a hole in government’s pocket whereas research agency Crisil estimates that the Food Security Bill could generate additional savings of around Rs 4,400 this year for each below-poverty-line (BPL) household, which begins to purchase subsidised food. As per the agency, these savings equals around 8% and 5% of the annual expenditure of a rural and urban household.
The bill envisages providing 5 kg of rice, wheat and coarse grains at Rs 3, Rs 2, Rs 1 per kg, respectively, every month to three-fourths of rural population and half the urban population in the country.
The scheme would require more than 61 million tonnes of foodgrain and is expected to cost the government about Rs 1,25,000 crore. The plan proposes to continue the Antyodaya Anna Yojna through which government provides poor households 35 kg foodgrain per household per month at subsidized prices of Rs 1-3 per kg.
Many are of the view that the programme will burn a hole in government’s pocket whereas research agency Crisil estimates that the Food Security Bill could generate additional savings of around Rs 4,400 this year for each below-poverty-line (BPL) household, which begins to purchase subsidised food. As per the agency, these savings equals around 8% and 5% of the annual expenditure of a rural and urban household.
India-Russia talks cut no ice on nuclear liability
No progress could be made b/w India and Russia
on the issue of nuclear liability. The talks were held b/w Atomic
Energy Commission (AEC) Chief R.K. Sinha and Russia’s nuclear
corporation Rosatom head, Sergei Kiriyenko.
What is the issue?
Russia is building nuclear reactors in India at Kudankulam. India wants Russia to place the new reactors under its Civil Liability for Nuclear Damages Act, 2010, which holds the operator wholly liable in the event of an accident, gives it a right of recourse against suppliers if the accident is caused by defective equipment. Whereas, Russians refer to the Indo-Russia inter-government agreement of 2008, which makes the operator alone liable for possible damages at Units 3-6 to be built at Kudankulam. This issue has stalled signing of contract for the construction of Units 3 and 4 at the Kudankulam nuclear power project.
What is the issue?
Russia is building nuclear reactors in India at Kudankulam. India wants Russia to place the new reactors under its Civil Liability for Nuclear Damages Act, 2010, which holds the operator wholly liable in the event of an accident, gives it a right of recourse against suppliers if the accident is caused by defective equipment. Whereas, Russians refer to the Indo-Russia inter-government agreement of 2008, which makes the operator alone liable for possible damages at Units 3-6 to be built at Kudankulam. This issue has stalled signing of contract for the construction of Units 3 and 4 at the Kudankulam nuclear power project.
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