Recommendation of Shanta Kumar Committee on Restructuring of FCI submits report to PM

The High Level Committee (HLC) for Restructuring of Food Corporation of India (FCI) chaired byShanta Kumarhas submitted its report to the Prime Minister Narendra Modi.

Some Recommendations of Shanta Kumar Committee

On procurement related issues:

  • FCI should hand over all procurement operations of wheat, paddy and rice to Andhra Pradesh, Chhattisgarh, Haryana, Madhya Pradesh, Odisha and Punjab as they have sufficient experience and reasonable infrastructure for procurement.
  • FCI procurement should focus on eastern belt, where farmers do not get minimum support price.

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History of Indian Banking System

The most striking feature of Indian Banking is its extensive reach.There are many Distinct phases in the History Indian Banking System.There are so many banks that are very successful in the starting but lost their charm as they grow old. The Postal offices are given preference over banks by the common people to deposit their … Read more