Food rights bill to play vital role in India’s farm exports plan

Posted By: Religare
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India's inventory of farm products is overflowing and expectation of a normal monsoon guarantees another bumper crop.

Despite this, the only matter of concern remains to be the political disagreement regarding a bill to obtain food rights for the poor indicates that the country is anticipating steering clear of large-scale exports.

Further, shipments from the world's second-largest producer of wheat, sugar and rice would provide some assistance to all the governments across Asia who is struggling to tackle food-led inflation.

However, India needs to examine how much to put aside for the food security bill ahead of making any decision on overseas sales.

There is an ambiguity over when the food bill will be ratified by parliament. Besides, Prime Minister Manmohan Singh intends to authorize the bill in parliament this year, but opinions of members of the National Advisory Council (NAC), which is assisting the government in designing the bill, and finance ministry officials think the target is too difficult to achieve.

Read more about: commodities, wheat, sugar, rice
Story first published: Monday, May 16, 2011, 9:30 [IST]
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