Moneycontrol PRO
Upcoming Event:Attend Algo Convention Live, 2 Days & 12+ Speakers at best offer Rs.999/-, exclusive for Moneycontrol Pro subscribers. Register now!

Parliamentary panel asks FCI to recover Rs 105.40 crore pending dues from 3 PSUs

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.”

January 29, 2021 / 08:25 PM IST

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.”

Close
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.



Download your money calendar for 2022-23 here and keep your dates with your moneybox, investments, taxes

PTI
first published: Jan 29, 2021 08:25 pm
Sections
ISO 27001 - BSI Assurance Mark