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WTO: India says no to TFA without solving food security issue

Deeply concerned over slow progress in finding a permanent solution to the food security issue, India in a stern message to WTO members said it would not be possible to agree on trade facilitation pact which is dear to the developed world.

Pushing food security at WTO is a challenge: India

India Tuesday said the country faces a big challenge in pushing the food security agenda to find a permanent solution to the subsidy issue as agreed in the WTO meeting at Bali last year.

India to take tough stand on food subsidy at WTO Bali meet

Ahead of WTO meet in Bali, India Thursday decided to insist on permanent immunity from actions for breach of subsidy level on rolling out food security plan-- a stand that can potentially derail talks next week.

New food law: Nabard to put up 10K warehouses in panchayats

The proposed warehouses will be set up in association with primary cooperatives and the money is already provided for in the budget, Nabard Chairman Prakash Bakshi told PTI.

Food bill's impact to be felt in upcoming fiscal years: HSBC

The proposed food security law will increase the government's subsidy bill but its impact is expected to be felt only in the upcoming fiscal years, says an HSBC report.

Food security programme will not adversely impact economy: Govt

The government on Thursday said the new food security programme, which is to be implemented over the next 12 months, will not adversely impact the fiscal situation.

Food Security Bill credit negative for India: Moody's

Giving a thumbs down to the Food Security Bill, rating agency Moody's on Thursday said the measure is credit negative as it will weaken government finances and deteriorate macroeconomic situation.

"Fears of subsidy overshoot on food programme baseless"

Government Wednesday dismissed fears of any sharp spike in fiscal deficit this year because of the food security programme that will be implemented once the legislation is through in Parliament.

Food Security programme will not impact fiscal deficit: FM

Finance Minister P Chidambaram Tuesday said the implementation of the Food Security Bill will not impact the fiscal deficit, which he is committed to contain at 4.8 percent of the GDP.

Passage of Food Security Bill essential and important: CII

Commenting on the passage of Food Security Bill, Kris Gopalakrishnan, President, CII, said in a statement: "In a country like India, food security is extremely important. With a significant section of the population living below the poverty line, government intervention to provide nutritious food is essential".

Wheat procurement by govt agencies to fall by 33%: Govt

Thomas said wheat procurement in the year beginning April 2013 will be 33 percent lower than last year.

Food Security Bill 'a troublesome act': FICCI

Making clear its opposition to the Food Security Bill, industry body Ficci Monday called it a "troublesome act", saying that cash transfer will be the best way forward.

Food security legislation will hike fiscal deficit: FICCI

Implementation of food security legislation will impose pressure on public finances and push up the fiscal deficit to 5 percent of the Gross Domestic Product in the current financial year, said a Ficci report.

Food Security Bill implementation a challenge: Morgan Stanley

Given the limited window available for implementation, the government's target to cap subsidies at 0.8 percent of GDP will go up by up to 0.2 percent of GDP this fiscal, Morgan Stanley said.

Bill will benefit over 75% of rural households: Deora

Union Minister of State for Communication, IT and Shipping, Milind Deora Monday expressed hope that the Centre's Food Security Bill would be ratified in the Monsoon session of Parliament.

Fiscal deficit to slip up by 0.50% on new food scheme: DBS

Government's fiscal deficit may exceed the target of 4.8 percent of GDP by 0.50 percentage points in this financial year, and money-guzzling measures like decision to push the Food Security Bill are only expected to complicate the matter, brokerage DBS Bank said.

'India not fully prepared to roll out food security programme'

Expressing concern over the ordinance on food security, industry body FICCI Thursday said it comes at a time when the country is trying hard to get back on the path of fiscal consolidation.

Food law's fiscal, inflationary effects to be "large": Nomura

The overall fiscal and inflationary consequences of the Food Security Bill for the country are "large" and will become clear from the next fiscal year, a report by Nomura Holdings said.

'Food Security Bill may boost Railways' freight movement'

Indian Railways expects a huge movement of foodgrains across the country, once the UPA government's proposed Food Security Bill is passed, a senior official said here Saturday.

Not opposed to Food Bill but want discussion in Parliament: Pawar

Making it clear that he was not opposed to the National Food Security Bill, Union Agriculture Minister Sharad Pawar on Friday said he would prefer it to be approved by Parliament after a debate.