In its report on state finances, the Comptroller and Auditor General of India (CAG) has detected that the state government had not cleared the bills submitted by state-owned Punjab State Civil Supplies Corporation Limited (Punsup) for differential cost which is between purchase price and issue price to beneficiaries under the Atta-Dal scheme.
"As on March 31, 2013, Punsup had Rs 1,593.40 crore receivables for the period August 2007 to March 2013 from the state government in respect of this (Atta-Dal) scheme," the report said.
The job for distribution of wheat and pulses under the Atta Dal Scheme was assigned to Punsup.
Under this "prestigious" scheme, 35 kg of wheat per family was distributed at a rate of Rs 4 per kg, while pulses of up to 4 kg per family was supplied at a rate of Rs 20 per kg every month to beneficiaries.
The CAG observed, "A reasonable amount of unpaid bills are always there in the system due to time taken in passing the claims. However, they become a cause of concern when the magnitude is sizeable and non-payment could be attributed to lack of budget provision."
CAG termed this item as 'off-budget borrowings', saying it may arise when the government does not fully pay money it owes to government companies or corporations.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
