India increases buffer norms for food grains; Excess stock to be exported
The Dollar Business Bureau It is estimated that India wastes around 4 – 6% of cereals mainly due to poor storage facilities and transport The Cabinet Committee on Economic Affairs (CCEA), chaired by the Prime Minister Narendra Modi has approved the revision of buffer norms for food grains in the Central Pool. The Committee has also said that in case the stock of food grains in the Central Pool is more than the revised buffer norms, the Department of Food and Public Distribution will offload excess stock in the domestic market through open sale or through exports. For this purpose, an Inter-Ministerial Group consisting of Secretary, Department of Food & Public Distribution, Secretary, Expenditure and Secretary, Consumer Affairs has been ...
