First we need to understand what does food security bill really is! As per the current proposal, it promises food to 2/3rd (65%) of india’s poor at a very cheap rate, for example wheat, rice and coarse grains at just Rs 2, Rs 3 and Re1 a kilo each.
It really looks good on proposal and promises to remove all the problems for poor people and no one will die of hunger or undernourishment!
As a side note, many state governments already have such schemes running under state’s budget quota.
I know of Karnataka for sure! So it’s nothing new or dramatic as UPA is making it to be.
The problem first starts with who is going to pay for this food? Can india’s fiscal deficit account deficit take another hit with subsidy being given again? And the answer as per our own finance minister or RBI governor is plain NO as we can’t burden the budget with more subsidies (remember why subsidies on LPG and other things are going away slowly!).
So plain and simple => It is bad for the economics of the country.
Another problem is with the delivery of such scheme to the required ones, then poor people.
As per the current history of earlier schemes, this will be one more way for people involved in this whole supply chain to earn more money!
Also by getting food for such cheap rates, what is going to happen to the work efficiency of people.
We already know due to NREGA, farmers are facing lack of workforce.
This will be seen in many other industries now.
A small worker just needs to work for couple of days in a month and with that money he/she can feed the family for the whole month.
This looks a simple point, but will affect everyone even in cities.
I wonder if my car cleaning guy will clean my car everyday now !
And finally, what was UPA doing for last 9 yrs if they really believed poor people need to be fed? This is nothing but a political point scoring scheme and congress expects people will fall pray to it again with such measures…but everyone has a TV in their homes now and everyone knows congress’s dark side!
Food bill – go back, and come back in an improved manner!
(This is my first try to ans a Q on quora, so forgive me if I’ve not satisfied you with my answer!)
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