Thursday, 5 September 2013

India aims to ease poverty, malnutrition by expanding grain subsidies to reach 800 million

By Associated Press, Published: September 3

NEW DELHI — India plans to subsidize wheat, rice and cereals for some 800 million people under a $20 billion scheme to cut malnutrition and ease poverty.

The Food Security Bill, sent this week by India’s parliament to the president for approval, guarantees citizens a legal right to food.
 
India has some of the world’s worst poverty and malnutrition with two-thirds of its 1.2 billion people poor and half of the country’s children malnourished. But the $20 billion annual cost of the bill, which consolidates and expands existing subsidies, has drawn renewed attention to strained government finances at a time when India is flirting with an economic crisis as its currency falls and debt mounts.

Food Minister K.V. Thomas called the bill a first step toward improving food distribution in a country where poor transportation and lack of refrigeration mean up to 40 percent of all grains and produce rot before they reach the market.

The Washington Post Article

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