| Food Subsidy Bill stands at Rs. 107823.75 crore during 2014-15 (upto January, 2015), shows an increase of 20% over previous year Rationalisation of subsidies and better targeting of beneficiaries will release resources for public investment in agriculture: Economic Survey |
The Economic Survey 2014-15 has acknowledged that the Food Subsidy Bill has increased substantially in the past few years putting a severe strain on the public exchequer.
An amount of Rs. 107823.75 crore has been released as Food Subsidy during the year 2014-15 (upto January 9, 2015). This is a substantial increase of 20.15% over 2013-14 when an amount of Rs. 89740 crore was released as food subsidy.
Provision of minimum nutritional support to the poor through subsidized foodgrains and ensuring price stability in different states are the twin objectives of the food security system.
The Economic Survey states that while the economic cost of wheat and rice has continuously gone up, the issue price has been kept unchanged since July 1, 2002. This has resulted in large amounts of subsidy on foodgrains distributed through the TPDS/NFSA and other welfare schemes.
The Economic Survey also states that agriculture and food sector needs huge investment in research, education, extension, irrigation, fertilizers, and laboratories to test soil, water and commodities, warehousing, cold-storage. Rationalization of subsidies and better targeting of beneficiaries would release resources for public investment in agriculture.
The survey opines that the focus of public expenditure for agriculture so far has been on provision of subsidies (public expenditure in agriculture is only one-fourth of expenditure towards food and fertilizer subsidies, CACP Kharif report 2014-15) and it is time it shifted towards investments to boost productivity. Recommendations of Shanta Kumar Committee provide useful suggestions for the future road-map of food-policy, says the Economic Survey.
|
28 February 2015
Food Subsidy Bill stands at Rs. 107823.75 crore during 2014-15
Subscribe to:
Post Comments (Atom)
Featured post
UKPCS2012 FINAL RESULT SAMVEG IAS DEHRADUN
Heartfelt congratulations to all my dear student .this was outstanding performance .this was possible due to ...
-
Sure PV Sindhu and Sameer Verma would have preferred to become first Indians to win both men’s and women’s Super Series titles since Saina ...
-
The Supreme Court’s sharp criticism of the government for its failure to clean up the Ganga has prompted the Centre to assure the Bench tha...
-
Harnessing Solar Power: Rajasthan Leads the Path India is running the largest renewable capacity expansion programme in the world. ...
-
Dear candidate we are providing tentative solution of GS PAPER of UKPCS-2012 for your conveneince.there may be error of 2-3%.plz high ligh... -
According to Census 2011, India has 55 million potential workers between the ages of 15 and 35 years in rural areas. At the same time, the...
-
In a 2014 impact assessment study of ICRISAT’s highly successful breakthrough innovations, Jewels of ICRISAT have yielded a return on inv...
-
Crucial fourth week of winter session of Parliament to take up Insurance, Companies and Coal Mines Bills Session set for a record in trans...
-
Ajeya Warrior-2017: It is a fourteen days training exercise between the Indian Army and the British Army. It is being held in Rajasthan. I...
-
India participated in the G-20 Summit held in Australia recently. The G20 Summit was held in Brisbane on 15-16 November 2014. The topics ...
-
The Government has decided to take up a number of schemes and projects for the development and welfare of people. Major new s...
if anybody needs food company registration contact us ConsultantsFood Safety License in Bangalore
ReplyDeleteLogan Roadhouse was founded in 1991 at Lexington, Kentucky, United States. Logan Roadhouse is a chain of restaurant. There are 194 company and 23 Frenchies of this restaurant’s located in 23 states.
ReplyDeleteclick here...Logan’s Guest Satisfaction Survey