Friday, July 5, 2013

Food Security Ordinance signed

President Pranab Mukherjee today signed Food Security Ordinance, paving way for implementation of the controversial Food Security Bill. Ordinance will give nation's two-third population the right to 5 kgs of foodgrain every month at highly subsidised rates of Rs 1-3 per kg.  At Rs 125,000 crore of government support, the food security programme will be the largest in the world.
"India is producing 214 million tonnes of food grain and what we need is 62 and we procure 30%. Last season we procured 82 million tonnes and as I speak now, storage is going to be 73-74 million, so we have enough food grains with us,"  Food minister K V Thomas said.
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.

First-ever IORARC meeting

Countries of the Indian Ocean region came together in picturesque Mauritius for their first-ever meeting aimed at exploring possibilities for trade and economic cooperation. Minister for Commerce and Industries Anand Sharma lead the Indian delegation at the Economic and Business Conference of the Indian Ocean Rim Association for Regional Cooperation (IORARC).
Mauritius is the headquarters of the association. The IORARC boasts 20 members, of which India and Australia have the largest economies.

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