Jul 05, 2013, 08.36 PM IST
CNBC-TV18 reports that corporate Indian leaders like Rahul Bajaj of Bajaj Auto and B Muthuraman of Tata Steel feel that the decision on food security was rushed through.
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Decision on food security rushed through: India Inc
CNBC-TV18 reports that corporate Indian leaders like Rahul Bajaj of Bajaj Auto and B Muthuraman of Tata Steel feel that the decision on food security was rushed through.
Like this story, share it with millions of investors on M3
Decision on food security rushed through: India Inc
CNBC-TV18 reports that corporate Indian leaders like Rahul Bajaj of Bajaj Auto and B Muthuraman of Tata Steel feel that the decision on food security was rushed through.
Rahul Bajaj, chairman, Bajaj Auto said, "All such give-aways are populist measures. Why was it done? The government tried its best to get it approved in the Budget session. To my mind, the ordinance was timed just before the state and Parliament elections and it would be very difficult for the government for the Opposition to exercise its veto."
Also Read: Food Security Bill is political gimmick in hurry: Rajnath
Muthuramam, non-executive director, Tata Steel added, "Food security is important but the government needs to be able to generate enough wealth in the country to be able to afford food security. The generation of wealth will be possible only via economic growth. The government will not be able to sustain the food security programme if the economy continues to grow at the current rate."
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