RS. 12 for a day's meal.
-
date post
19-Oct-2014 -
Category
Economy & Finance
-
view
149 -
download
1
description
Transcript of RS. 12 for a day's meal.
Rupee 12 Is Enough For A Day Meal?
Presented By-
1. Prashant Saxena2. Dinesh Gera3. Abhishek Agrwal4. Kanik Vijay5. Santosh Dangi6. Nikita Desai
How Be Define A Day Meal In Indian Economy
Provide a short definition of a day meal…….?
Let’s have a look how our
politician define a day meal??
Raj Babbar, Congress spokesperson Raj Babbar had said it was possible to have "full meal at Rs 12 in Mumbai" even today. "No no not vada paav. So much of rice, daal saambhar and with that some vegetables are also mixed."
Rasheed Masood Masood, Rajya Sabha MP from Uttar Pradesh, pulled the bar even lower. "You can eat a meal in Delhi in Rs. 5
Really It is Possible? Any Guess?
INDIAN POVERTY LINE
What Is Poverty Line?
How it is Define?
The poverty line defines a threshold income. Households earning below this threshold are considered poor.
A poor household is defined as the one with an expenditure level below a specific poverty line.
What’s the Indian poverty
line?
Why has there been so much criticism about the poverty line in India?
Does Indian Poverty Line allow us to
afford A meal in Rs. 12?
Rs. 32 poverty line
The current food price list in the parliament canteen. Lets Have A Look…
Tea : Rs. 1
Veg Thali (dal, subzi,4 chapattis, rice/Pulao,
curd and salad) : Rs.12.50
Non-veg thali : Rs.22
Dal Rs.1.50 Per Bowl
The Growth Of Economy
1. Poverty declined to 22% in 2011-12 from 29.8 % in 2009-10.
2. This shows signs of growth in the economy.3. Amendments being brought in by the government for
improving the living standard of the people.
INFLATION
1. Increasing prices of food and necessities of life
2. Increasing cost of living3. Who is greatly affected by
Inflation?4. Increase in Tax5. Increased standard of
living.
OTHER FACTORS
Politics Agricultural factors
PovertyLow growth
in GDP
Little children are Malnourished
EFFECTS Extra financial stress
Wages, Salaries remaining same
Possibilities
Food Bill 2013
Coverage of two thirds population to get highly subsidized
Poorest of the poor continue to get 35 kg per household
Special focus on nutritional support to women and children
Possibilities Cont.
Lets Work On Figures
Rice= Rs.3
Grains= Rs. 1
kerosene oil=15 Rs/Lit
Wheat = Rs. 2
Daily Vegetable=15 Per Day
Use of Spices,
Cooking Oil Per Day
Cost is for 5 Kg
Let’s Analysis
Limitation of Food security bill
• Lok Sabha on 8th May 2013 failed to pass because of opposite party not supporting the Bill which seeks to ensure access to adequate quantity of quality food at affordable prices to people.
• Credibility of PDS system: The Public Distribution System is already used to deliver food subsidies to the poor but around 51% of the food delivered that way is currently lost to leakages. It is sold on the open market for a higher price.
• The government is also considering using direct cash transfers. In cases where the government is not able to make food available in the PDS then they will give cash payments to be used for food directly into people’s bank accounts
Implementing this bill could widen the already swollen budget deficit next year, increasing the risk to its coveted investment-grade status.
Limitation of Food security bill
The cost of food grains is rising globally then how would government be able to provide subsidized food to 70% Indian population?
Effect on farmers and producers- The very low prices of the food will disturb the market and farmers will lose out on the open market because prices will be forced down. Hence the person who are not poor at present but will become poor in days to come.
• Not enough resources: To implement this scheme, the total estimated annual food grains requirements will be 61.23 million tones and is likely to cost Rs.1,24,724 crore. The cost of it will go up from 0.8% of Gross Domestic Product to around 1.1% of GDP. And the government does not have enough resources.
• How to be implemented? Things are not very clear how it will be initiated.
Limitation of Food security bill
Overcome From The Problem In Food Bill 2013
For children in the age group of 6 months to 6 years, the Bill guarantees an age-appropriate meal, free of charge, through the local anganwadi. For children aged 6-14 years, one free mid-day meal shall be provided every day (except on school holidays)
For rural households the savings amount exceeds their current annual medical and educational spends. Higher disposable income would also allow BPL households to spend more on protein rich food, thereby improving their nutritional intake.
The total estimated food grains requirement is 612.3 lakh tones a year. This requires a subsidy of Rs 1,24,747 Crore but with many welfare schemes already in place, the additional subsidy would be about Rs 23,800 Crore.
Overcome From The Problem In Food Bill 2013
It seeks to empower women. In a household, the eldest woman (at least 18 years old) will be regarded the head of the household for issue of ration card. If there is no female in the household, the eldest male would be eligible.
Also, pregnant women and lactating mothers, besides being entitled to nutritious meals as per the prescribed nutritional norms will also receive maternity benefit at least of Rs. 6000/-.
Children in the age group of 6 months to 14 years will be entitled to take home ration or hot cooked food as per prescribed nutritional norms.
Conclusion- Let’s Watch a Video!!