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Will the Food Security Bill add to India's fiscal crisis?

Will the Food Security Bill add to India's fiscal crisis?

A majority of the respondents believes that it will. While guaranteeing food security is a laudable objective, the financial implications of the Bill are considerable.

A majority of the respondents believes that it will. While guaranteeing food security is a laudable objective, the financial implications of the Bill are considerable. Finance Minister Pranab Mukherjee has already stated that the fiscal deficit this financal year will overshoot his budgetary estimate of 4.6 per cent of GDP, but he attributed it to high oil prices. This Bill, if implemented, will make matters worse.

Published on: Feb 02, 2012, 12:00 AM IST
Posted by: Navneeta N, Feb 02, 2012, 12:00 AM IST