Govt to sell more grains through open market, PDS

In order to clear space for stashing away fresh grains, several options are being considered by the Govt, including providing more food-grain into the PDS (Public Distribution System) and selling extra wheat via a re-worked open market sale scheme.

The government plans to push in an additional 14 million tonnes of grains in the PDS this year, over and above last year’s allocation of 56 million tonnes. A high-powered meeting on storage and procurement issues on April 30, 2012 is anticipated to discourse all alternatives to vacate storage space. It will be chaired by PM Manmohan Singh.

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