AV 31st August 2013

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EXCLUSIVE

Employment rises amongst British Indians

Malala scoops 2013 Children’s Peace Prize

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The Lok Sabha, India’s lower House, has approved a controversial £13 billion ($20 billion) plan to provide cheap grain to the poor – a key part of the ruling Congress party's strategy to win the 2014 general election. Under the plan, the government will sell subsidised wheat and rice to more than two-thirds of its 1.2 billion population. India is home to a quarter of the world's hungry poor, according to United Nations data, despite being one of world’s the biggest food producers and a fast emerging economic power. The vote broke a long stalemate in parliament, potentially clearing the

way for several reforms aimed at spurring the flagging economy, which the government hopes to pass in an extended session that ends in two weeks. The Rajya Sabha must approve the bill before it becomes law. India's main opposition party, the Bharatiya Janata party, has criticised the welfare scheme, which expands an existing cheap food programme covering more

than 200 million people, as still too narrow to tackle widespread malnutrition among India's poor. However, the party voted for the bill, which was passed on Monday evening after nearly nine hours of debate and the inclusion of amendments that government sources say could lead to an additional requirement of about 3 million tonnes of grain. Continued on page 26

Steve Webb

In March 2013, Secretary of State for Business, Innovation and Skills, Dr Vince Cable speaking at the launch of the National Asian Business Association (NABA) in Westminster hailed 50,000 British Asian businesses in the UK which together generate more than £60bn nationwide – helping to create

Mark Hoban

thousands of jobs. Mr Cable said a “new generation” of young Asian entrepreneurs, with increasing numbers of female bosses, was behind the shift away from “traditional, stereotypical” family-run shops into businesses that play a “dynamic” role in British industry. Continued on page 5

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AV 31st August 2013 by Asian Business Publications Ltd - Issuu