In a written communique to the Punjab government, the government of India has given its nod to include other interested and eligible persons from across the country in the bidding process under the laid down norms in disposing of the damaged wheat in the state.
Disclosing this here today, an official spokesperson of the government said the government and its procurement agencies have damaged wheat to the tune of 6 lakh tonnes.
As per the earlier guidelines of the central government, only those parties registered with Food Corporation of India were eligible for participation in the tendering process.
Adding further, he said that these parties allegedly connived with each other and pool the tender and offered "very less rates" to the procurement agencies, consequently state government agencies suffered "huge financial losses".
He also said that majority of these bidders had limited purchasing capacity as a result they lifted only some part of the damaged wheat.
The disposal of damaged wheat because of these limited numbers of bidders' was very slow and the procurement agencies were also compelled to bear the warehousing expenses for the damaged wheat, he said.
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
