Six Myths About The Food Security Bill

I write about the Food Security Bill at Yahoo : 1. The Food Security Bill (FSB) costs 1 percent or 3 percent of India’s GDP, so it is expensive or inexpensive. Trying to compute the cost of the FSB as a percentage of our GDP is bizarre. While this might give people some sort of anchor of understanding, it is more useful to anchor it as a percentage of government revenue or expenditure. Let’s first do a rough estimate of what this bill might cost us. While the government says it might only be an extra Rs 25,000 crore, other …

[via Capital Mind]

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