date:Jul 30, 2014
s been annually spending 900 billion to 1 trillion rupees ($16.63 billion) on procurement of grains from farmers every year.
* But this cost will rise to 1.15 trillion rupees in the financial year to March, 2015 as the worlds second most populous nation is rolling out the Food Security Act. The act promises subsidized grains to some 810 million people, compared with about 318 million covered under the program earlier.
* In the past 10 years, the government has more than doubled the price it pa