National Food Security Bill

by Deepthi Sai

The Food Security Bill was passed in the Lok Sabha on 26 August. United Progressive Alliance (UPA) chairperson, Sonia Gandhi, called the bill “a historic step towards eradicating poverty” since it is targeted toward helping the less fortunate sections of our society. However, renowned economists believe that the Congress’ haste in getting the bill cleared when it is half baked only makes it evident that it is nothing more than a political gimmick to gather votes in the upcoming general elections. Given the timing of the introduction of the bill, almost all political parties are found compelled to endorse it.

The Droopy Rupee

by Deepthi Sai

A currency depreciation essentially entails a loss in the value of the currency with respect to other currencies. Thus, the cost of the foreign currency in terms of the depreciating currency increases. On 22nd August, the rupee breached a record low of Rs. 65 against the dollar.