With sugar prices rising after the Centre rolled out incentives for the industry, Food Minister Ram Vilas Paswan today blamed the increase on market speculation and said surplus stocks will help stabilise rates.
Food Minister Ram Vilas Paswan on Monday said his ministry will seek guidelines from the Prime Minister on certain "contradictions" in foodgrain entitlement to poor under the food security law.
Dismissing fears of a sharp spike in fiscal deficit because of food security programme, Food Minister KV Thomas said additional subsidy burden will only be Rs 10,000 crore spread over next one year.
Wheat procurement by government agencies this year will fall to about 25 million tonne from 38 million tonne last year due aggressive buying by private traders, Food Minister K V Thomas said today.
The government has incurred a loss of Rs 236.32 crore till June this fiscal due to damage of FCI foodgrains in storage and transit, Parliament was informed on Tuesday.
With the Lok Sabha elections not far away, Congress is expected to pull out all the stops in propagating the food security scheme that will provide right to cheap food grains to 82 crore people.
The government on Friday said that the South-West Monsoon is expected to be satisfactory this year.
Food Minister K V Thomas
says fears about unsustainability of the subsidised foodgrains
scheme are unfounded.
Day in Pics: 30th September
Showbiz World - September 30, 2014
George Clooney - Amal Alamuddin grand Venice wedding