For more than three decades now, the Indian economy has grown at an impressive rate of almost 6.5 percent per annum (and has been second only to China in this respect over the comparable period), drawing much attention, if not adulation, at large. However, in spite of the country’s admirable economic growth (as measured by GDP), it also continues to suffer from a whole range of serious deprivations with respect to basic needs, in particular, and among the worst of such deprivations, happens to the fact of widespread food insecurity. In fact the situation is so grim that India has often been described as the capital of ‘extreme hunger and severe malnutrition’ in the contemporary world. It is in this context that the above cited passage is a sombre reminder to the corridors of policy establishments not only in India but several countries in the world. The recent enactment of the Food Security Act, by India' government is certainly a step forward to mitigate the above noted deprivation. The National Food Security Act, 2013 (henceforth NFSA) promises to provide foodgrains (cereals only) to 67 percent of citizens (75 percent in rural areas and 50 percent in urban areas) at a price Rs. 3, 2 and 1 for a kilo of rice, wheat and millets, respectively. Further, the said Act provisioned that the quantum of cereals should be 5 kgs. per month per person who belong to the ‘priority household’, and 35 kgs. of foodgrains to households belonging to Antyodaya Anna Yojana.