Saturday, 04 May, 2024

International

India passes $20 billion law to subsidise grains

International Desk |
Update: 2013-09-03 07:21:43

DHAKA: India plans to subsidise wheat, rice and cereals for some 800 million people under a US$20 billion scheme to cut malnutrition and ease poverty.

The Food Security Bill, which is expected to be approved by India’s president, 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.

The new scheme allows those who qualify to buy 5 kilograms of rice a month for 3 rupees a kilogram.

Wheat will cost 2 rupees a kilogram, and for cereals the cost is 1 rupee, reports The Straits Times.

BDST: 1657 HRS, SEPT 03, 2013
RoR/RK

All rights reserved. Sale, redistribution or reproduction of information/photos/illustrations/video/audio contents on this website in any form without prior permission from banglanews24.com are strictly prohibited and liable to legal action.