Latest News | Par Panel Asks FCI to Recover Rs 105.40 Cr Pending Dues from 3 PSUs
Get latest articles and stories on Latest News at LatestLY. A Parliamentary panel on Friday directed state-run Food Corporation of India (FCI) to make efforts to recover its pending dues worth Rs 105.40 crore from three public sector undertakings -- MMTC, STC and PEC.
New Delhi, Jan 29 (PTI) A Parliamentary panel on Friday directed state-run Food Corporation of India (FCI) to make efforts to recover its pending dues worth Rs 105.40 crore from three public sector undertakings -- MMTC, STC and PEC.
Dues amounting to Rs 92.18 crore from MMTC, Rs 6.64 crore from State Trading Corporation of India (STC) and Rs 6.65 crore from PEC Ltd are pending despite regular persuasion, it said.
The dues relate to export of wheat during 2012 to 2014.
"FCI might be losing huge interest on it," the Parliamentary Committee on Public Undertakings headed by BJP MP Meenakshi Lekhi said in a report placed in Lok Sabha.
The committee said, "all out efforts be made to recover or settle the pending dues of Rs 105.40 crore from the concerned central public state undertakings (CPSUs) that have been pending since the last 6-8 years."
FCI has informed the committee that the matter regarding settlement of claim of MMTC has been referred to the Food Ministry, while the matter of STC and PEC is being pursued, the report added.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)