India needs extra Rs 200 billion to implement food security bill: Food Minister KV Thomas

-Reuters

India needs an additional Rs 200 billion ($3.72 billion) to implement its proposed Food Security Bill, Food Minister K V Thomas told reporters on Thursday.

The current cost of the food subsidy is Rs 1 trillion, he added.

India is drafting the bill, which when enacted would ensure subsidised grains to the poor. The bill was introduced in the lower house of parliament in 2011.

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