Alert Sign Dear reader, online ads enable us to deliver the journalism you value. Please support us by taking a moment to turn off Adblock on Dawn.com.

Alert Sign Dear reader, please upgrade to the latest version of IE to have a better reading experience

.

India's parliament passes cheap food law for 800 million people

September 03, 2013
The scheme has now been passed by both  houses. Before becoming law it must be signed by the president, a formality.
The scheme has now been passed by both houses. Before becoming law it must be signed by the president, a formality.

NEW DELHI: India's upper house of parliament on Monday approved a $20 billion scheme to distribute subsidised wheat and rice to 800 million people, backing an anti-malnutrition drive that investors fear will mean missing the fiscal deficit target.

The Food Security Bill is seen as a vote winner by the ruling Congress party as it prepares for elections due by May next year.

But investors reacted negatively to the plan when the lower house approved it last weak, on worries the government will struggle to contain the cost of subsidies.

The scheme has now been passed by both houses. Before becoming law it must be signed by the president, a formality.