The Government has allocated Rs 1.15 lakh crore for food subsidy in 2014-15 budget to ensure wheat and rice at reasonable prices to the weaker sections of the society. It includes a provision of Rs 88,500 crore for implementation of National Food Security Act.
The Government has made it clear that stocks in the Central pool are adequate to meet any exigency due to possibility of inadequate rainfall. The Government shall, when required, undertake open market sales to keep prices under control. Besides this Rs.500 crore has been allocated for Price Stabilisation Fund for market intervention to mitigate the risk of price volatility in agriculture produce.
The Government is committed to reforms in the food sector. Restructuring FCI, reducing transportation and distribution losses and efficacy of PDS would be taken up on priority.
The Government has made it clear that stocks in the Central pool are adequate to meet any exigency due to possibility of inadequate rainfall. The Government shall, when required, undertake open market sales to keep prices under control. Besides this Rs.500 crore has been allocated for Price Stabilisation Fund for market intervention to mitigate the risk of price volatility in agriculture produce.
The Government is committed to reforms in the food sector. Restructuring FCI, reducing transportation and distribution losses and efficacy of PDS would be taken up on priority.
