In an interview to CNBC-TV18's Kritika Saxena, KV Thomas, Former Minister of Food and Consumer Affairs spoke about the goods and services tax (GST) and its future.
The Public Accounts Committee has decided to include these additional subjects for examination after the principal government auditor tabled its reports in Parliament in December last during the Winter session.
A delegation led by Kerala Chief Minister Oommen Chandy met Ananth Kumar here on Thursday. The major issue of discussion was revival of FACT Plant at Kochi.
Replying to a supplementary to a Short Notice Question, KV Thomas said central warehouses might be providing storage facilities to items other than foodgrains.
The Finance Ministry will be consulted to ensure that the framework of the subsidy complies with World Trade Organization norms. The subsidy will be paid through an escrow account, Thomas said.
The sugar industry has been lobbying for an immediate review on current cane pricing and demanded that the UP government introduce the revenue sharing model suggested by the Rangarajan committee.
Onion prices in major cities touched Rs 90 today even though wholesale rates were much less at Rs 50-60 a kg. The previous record high of Rs 85 per kg was in 2010.
KV Thomas said the FMC is merely a regulator and that his ministry does not have the teeth to look into the NSEL probe. Thomas further added that the NSEL issue is now the responsibility of the finance ministry.
Food minister KV Thomas today met his state colleagues and urged them to gear up for implementing the Food Security Act by sprucing up the public distribution channels.
Food minister KV Thomas said that the Food Bill was in the right direction to reduce leakages and modernise the distribution system. It has become a legal entitlement now, he told CNBC-TV18.
Global markets ended lower on Monday on the back of Syria concerns. Mirroring Wall Street, Asian markets were weak today morning.
Sonia and Rahul Gandhi leave Parliament while voting was on on amendments to the Food Security Bill. Earlier, Food Minister KV Thomas said that for the bill to be successful, both the central and the state governments need to work together.
Food Minister KV Thomas assured the Lok Sabha that the off-take of grains of states in India will be completely protected. He said while speaking on concerns that the bill would reduce food grain supplies.
The Congress-led United Progressive Alliance (UPA) will be attempting to continue with the Parliament session on Wednesday and press for a debate on converting food security ordinance into a law.
The much-touted Food Security Bill, which proposes to give the country's three fourth population the right to highly-subsidised food, was introduced in the Lok Sabha today with the government rejecting apprehensions that it would impinge upon the rights of states.
The government has paid nearly Rs 4,300 crore to the Food Corporation of India (FCI) as against the food subsidy claim of Rs 32,652.43 crore of last fiscal, Parliament was informed on Tuesday.
The government on Tuesday banned trading in e-series contracts at the National Spot Exchange Ltd (NSEL) as it wants the exchange to first settle about Rs 5,600 crore dues to investors, consumer affairs minister KV Thomas said.
The Union Cabinet Wednesday approved implementation of the food security law through an ordinance to give 67 percent of the population the right to highly subsidised foodgrains. India is home to 25 percent of the world's hungry poor.
Opposition parties attacked the government for resorting to the ordinance route to implement the Food Security Bill. They feel the government is using this route to run away from debate.
India will consider allowing another 2 million tonnes of wheat exports at a cabinet meeting on Friday, Food Minister K.V. Thomas told Reuters on Wednesday.
The decision on the way ahead for the Food Security Bill will be taken tomorrow at the Congress core group meeting where Manmohan Singh, Sonia Gandhi and KV Thomas will be present.
If the President signs it, then the ordinance will have to come into immediate effect. However, with a lot of ground work still pending, the Food Security ordinance cannot be implemented immediately.
National Food Security Bill may be brought for discussion during the monsoon session of the parliament. The government is mulling to have a special session ahead of the monsoon session for the same.
KV Thomas told CNBC-TV18 that the Food Bill mechanism will not be a problem for the beneficiary due to improved PDS and the introduction of Aadhaar.
The government had tried to get the Food bill passed in Lok Sabha in the recently-concluded Budget session, but the debate on the proposed legislation could not be concluded amid din.