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Hunt for better return on wholesale lending in India

States and UTs lift 48 lakh tonnes grains for PMGKAY supply May 25, 2021 × The states which are yet to lift 100 per cent lifting are Bihar, Maharashtra and Rajasthan. As many as 31 States and Union Territories have lifted 48 lakh tonnes (LT) of foodgrains to be distributed free of cost to National Food Security Act beneficiaries under the PM Garib Kalyan Anna Yojana (PMGKAY), an official statement said on Tuesday. Some states and UTs such as Andhra Pradesh, Telangana, Arunachal Pradesh, Puducherry and Lakshadweep have lifted the grains for May and June, while others took delivery for the ...

With the second Covid-19 wave once again rendering millions of poor jobless and triggering another exodus of migrants, the Central government today decided to distribute 5 kg grains free of cost to all the 800 million beneficiaries of the National Food Security Act over and above their regular quota in May and June 2021. The scheme which will be along the lines of the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) launched during the first Covid wave last year, will cost the Centre Rs 26,000 crore in subsidies over and above its usual PDS subsidy bill of Rs 1.8 trillion in FY22. Assuming...

allocation made to FCI in lieu of subsidy. It has been reduced to zero for 2021-22. As on March 31, 2020, NSSF loans’ outstanding amount lying with FCI was ₹ 2,54,600 crore. SOURCE: UNION BUDGET DOCUMENTS   High drawal rate During the three years, the quantity of food grains drawn by States (annually) hovered around 60 million tonnes to 66 million tonnes. Compared to the allocation, the rate of drawal was 91% to 95%. As the National Food Security Act (NFSA), which came into force in July 2013, enhanced entitlements (covering two-thirds of the country’s population), this naturally pu...

The former car park for the old Central Pool is set to temporarily become a pay and display car park ahead of plans to transform the site into a…