Look who’s looting FCI

If you’re wondering why various state governments are opposed to larger agricultural reforms like removing the stranglehold of government-controlled mandis over all farm sales—FDI in retail is just one part of this—look no further than the incomes they earn from this. According to data collated by FE, a whopping 14% of the country’s food subsidy bill is accounted for by taxes paid by FCI for being allowed to procure grain in states like Punjab and Haryana. 

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