Restructuring Food Corporation

Abstract

The high-level committee (HLC) on re-structuring of the Food Corporation of India (FCI), set up in August 2014, has submitted a path-breaking report on January 19. The HLC assumes importance, as the government of India (GoI) is rationalising expenditure, including subsidies, which includes the cost in implementing National Food Security Act, 2013 (NFSA). The terms of reference of the HLC, amongst others, included examination of the administrative, functional and financial structure of the FCI and feasibility of unbundling it to improve operational efficiency and financial management; suggest measures for overall improvement in management of foodgrains; and reorient its role in minimum support price (MSP) operations, distribution of foodgrains, and food security system of India. Read more at: https://www.newindianexpress.com/opinions/2015/jan/31/Restructuring-Food-Corporation-711617.html