Govt signs MoU with FCI to improve food grain procurement efficiency
This story was originally published at 20:08 IST on 13 September 2024
Register to read our real-time news.
Informist, Friday, Sep 13, 2024
MUMBAI – The Department of Food and Public Distribution and the Food Corporation of India today signed a memorandum of understanding aimed at improving efficiency and accountability in food grain procurement and distribution, an official release said.
The MoU outlines specific performance benchmarks, including for FCI depots, and accountability measures aimed at optimising the use of public funds in managing food security operations, the release said. The performance benchmarking of FCI depots includes parameters like capacity utilisation, operational losses, security measures, modernisation and automation of processes, the release said.
The MoU reflects the government's commitment to refine the public distribution system and ensure that food subsidy funds are managed with the highest level of efficiency, it said.
The FCI conducts procurement, storage, transport, distribution and sale of food grain on behalf of the government. End
Reported by Ashutosh Pati
Edited by Saji George Titus
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.
Informist Media Tel +91 (22) 6985-4000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2024. All rights reserved.
To read more please subscribe
Share this Story:
