Raw jute prices going haywire in the ongoing 2020-21 season may put an additional burden of Rs 2000 crore on the govt exchequer for procuring environment-friendly jute bags for food grain packaging
Scheme on the lines of PMGKAY-1 will cost the exchequer addl Rs 26,000 crore in FY22
FCI has been asked to install a vehicle tracking system in all its 20 regional offices to track the trucks moving subsidised foodgrains
In Punjab and Haryana, the Centre and state agencies procure their quota of foodgrain largely through a network of mandis and middlemen
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While govt would have saved Rs 18,000 cr by distributing 33 mn tonnes of grains that would otherwise have gone waste, its subsidy payout amounts to Rs 45,000 cr
At present, 3.5 crore people are getting food grains under the NFSA in the state
Number likely to go up as distribution of June month quota is still on
FCI already had an outstanding unpaid loan of around Rs 254,000 crore from National Small Savings Fund (NSSF) as on March 31, 2020
This is 3% above the output achieved in the previous crop season
. According to the second government estimate, the country is set to harvest a record wheat production of 106.21 million tonne in the 2019-20 crop year on the back of good rains
In order to ensure food availability to the poor amid Covid lockdown, the Centre is giving an increased allocation of 5 kg food grains per person and one kg of pulses per household
The Home Secretary Ajay Bhalla also urged for steps to be taken to prevent hoarding and black marketing
Package announced includes both food security and cash transfer components
APMCs had earlier voluntarily discontinued auctions of grains and pulses at the markets since these were non-perishables
Through this route, registered entities can pay GST on behalf of unregistered players
Slightly higher than the previous estimate of 271.98 million tonnes
Wheat production is likely to rise by 4.7% from a year ago period