 "FCI wasted Rs 36k cr in interest outgo due to delay in subsidy release")
State-run Food Corporation of India (FCI) could have saved Rs 35,701.81 crore on interest outgo during 2011-16, if the government released food subsidy on time, the Comptroller and Auditor (CAG) of India said on Friday and suggested that full allocation be made to the agency.
In a report tabled in Parliament on Friday, CAG also said that wheat stocks of FCI and state agencies worth over Rs 700 crore and meant for distributing through ration shops was rendered 'unusable' in Punjab between 2011-12 and 2015-16 because of poor storage facility.
According to the auditor, because of the delay in
