He also claimed the opposition is afraid of the Food Bill being passed in Parliament.
Narayanasamy said the Food Security Bill and the Land Acquisition Bill are going to benefit the common man and the farmers.
"And it has the pro reforms measures, welfare measures for the people. That is nothing to do with the economy of this country. The world economy tumbles. Therefore, we had an impact on that and because we could not increase our exports because of the slump in market and international market," said Narayanasamy.
"Opposition parties allegations are ill-founded and unwarranted because they are afraid of the Food Bill being passed in the Parliament," he added.
The Lok Sabha will today take up the Land Acquisition Bill, which aims at making affected persons partners in development, leading to an improvement in their post- acquisition social and economic status.
The bill seeks to provide just and fair compensation to families whose land has been acquired for industrial purposes. The bill proposes payment of compensation up to four times the market value in rural areas and two times the market value in urban areas.
The bill - "The Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Bill, 2012" will replace over a century-old Land Acquisition Act, 1894.
The Lok Sabha had earlier on Monday passed the much-debated Food Security Bill in Parliament.
The National Food Security Bill is a historic initiative for ensuring food and nutritional security to the people. It gives a right to the people to receive adequate quantity of foodgrains at affordable prices.
The Bill has a special focus on nutritional support to the poorest of the poor , women and children. In case of non-supply of foodgrains, the deprived will get a food security allowance.
The Bill also provides for grievance redressal mechanism and penalty for non -compliance by a public servant or authority. Under the plan, the government will sell subsidised wheat and rice to 67 percent of its 1.2 billion population.
--ANI (Posted on 29-08-2013)