New Delhi, Aug 27: Just a day after the Food Security Bill (FSB) was passed in the Lok Sabha after a nine- hour debate, industry is raising concern about the effect of this subsidy scheme on the country's economy and will increase the burden on the food security act.
Chidambaram , on the other hand, said that the Food Security Act will not raise the fiscal deficit for this year. "4.8 per cent is red line and it will not breach. We have provided enough money for the food security," he said.
The FSB is projected to provide food at a subsidised rate for 67 per cent of the country.