PDS subsidy for four-member family in TN at a high of Rs 300
TNIE has cross-verified these bills with both the PDS staff and the state food department.
'These bills not only show the subsidy granted by the government to help manage inflation but also the actual cost of each PDS commodity. The actual cost includes both procurement and transportation costs of the product. This brings greater transparency into the system,' said an official from the food department.
Through the PDS, about 20,000 metric tonnes of tur dal and 20,000 kilolitres of cooking oil enter the commodity market monthly at subsidised prices, helping to keep inflation in check, added the official.
Fair price shops sell tur dal at Rs 30 per kg and cooking oil at Rs 25 per litre, whereas in the open market, tur dal costs between Rs 130 and Rs 150 per kg, and palmolein oil is priced at Rs 150 to Rs 155 per litre.
'Even when the price of tur dal soared to Rs 180 to Rs 200 per kg in the open market last year, the government did not raise the selling price at ration shops,' the official explained.
The state government has earmarked Rs 4,800 crore annually for supplying tur dal and palmolein oil alone, out of the total budget of Rs 13,000 crore for the Food department for 2025-26.
According to a press release issued by the Cooperation department last week, 28,736 out of 35,001 fair ration shops have completed the integration of weighing scales and PoS machines, helping to prevent any malpractice during the distribution of commodities. The PoS machines generate a bill for every transaction once it is completed.
The allocation of rice and wheat for 1.01 crore priority household (PHH) ration cards under the National Food Security Act (NFSA) is funded by the union government.
However, the supply of other commodities, including tur dal, sugar, cooking oil, and rice/wheat for NPHH cards, is funded by the state government.
The subsidy for each of TN's 18 lakh Antyodaya Anna Yojana cardholders receiving 35 kg of rice under the NFSA is estimated to reach around Rs 500 per month, which includes Rs 280 provided by the centre. Following the centre's insistence, bills for items under the NFSA were issued in just a few locations about a year ago.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
a few seconds ago
- Economic Times
Orient Cement Q1 Results: Profit rises multi-fold to Rs 205 crore
Orient Cement Ltd, now part of billionaire Gautam Adani-led Adani Group, on Friday reported a multi-fold jump in its net profit to Rs 205.37 crore for the first quarter ended June 2025. ADVERTISEMENT The company had posted a net profit of Rs 36.71 crore a year ago, according to a regulatory filing by Orient Cement Ltd (OCL), a subsidiary of Ambuja Cements. Its revenue from operations surged 24.44 per cent to Rs 866.47 crore in the June quarter. It was Rs 696.26 crore in the year-ago period. OCL's total expenses grew 12.4 per cent to Rs 724.28 crore in the June total income, which includes other income, climbed 23.7 per cent in the June quarter to Rs 868.64 an open offer, the total shareholding of Adani Group increased to 72.66 per cent in the company. ADVERTISEMENT "Pursuant to the said acquisition, the company has become a subsidiary of Ambuja Cements Limited with effect from June 18, 2025," it October 22, 2024, Adani Group firm Ambuja Cements entered into a share purchase agreement with the promoter group and certain other shareholders to acquire 46.80 per cent of the shareholding of the company. Shares of Orient Cement Ltd on Friday settled at Rs 252.90 apiece on BSE, down 1.50 per cent from the previous close. (You can now subscribe to our ETMarkets WhatsApp channel)
The Hindu
a few seconds ago
- The Hindu
Indian brands must adorn the global stage say ITC Chairman Sanjiv Puri
Indian brands must adorn the global stage and towards that they must establish an enduring legacy in Bharat first, before making an impact overseas, said ITC Ltd Chairman Sanjiv Puri at the company's 114th Annual General Meeting held in Kolkata. 'ITC's FMCG portfolio today accounts for an annual consumer spend of over Rs 34,000 crore, reaching over 260 million households in India and gaining encouraging consumer franchise in over 70 international markets,' he said. He said India's consumer market was at the cusp of a profound transformation with per capita incomes expected to exceed $4,000 by 2030. 'Gen Z, poised to become a predominant part of the workforce, is expected to account for every 2nd rupee spent by 2035. The preferences of Gen Alpha, who are growing up in a hyper-digital, socially conscious and AI-integrated world, are also vying for attention as a distinctive cohort,' he said. 'Tomorrow's consumers will increasingly seek premium products, varied experiences, brands with purpose, greater personalisation and seamless omni-channel engagements. Segments like health & wellness, nutrition, functional foods, organic and naturals are poised to become megatrends of the future,' he added. Mr. Puri also said that the new generation channels were also transforming the market and accentuating these trends. 'ITC's diverse enterprise strengths provide strategic competitive levers to capitalise on these evolving trends and deliver innovative value propositions to consumers,' he said. Stating that the growing consumer patronage and trust over the years for the company's products has led to expansion FMCG portfolio to serve domestic and global consumers with world-class home-grown brands he said over 100 new, differentiated and superior products were launched last year across categories. 'Even as we strengthen our mega brands, we are also introducing new brands and pursuing value-accretive acquisitions to address emerging opportunities and whitespaces,' he said. As consumers increasingly seek healthier, organic and natural food products, ITC is meticulously building its 'Good-for-You' portfolio with the mission to 'Help India Eat Better'. ITC is also sharpening its focus on premiumisation as also value-added adjacencies, in line with evolving trends, he said.
Time of India
a few seconds ago
- Time of India
Mphasis Q1 profit up 8.4% on-year on strong BFSI, TMT show
Blackstone-backed mid-sized IT firm Mphasis on Friday reported a first-quarter net profit of Rs 442 crore, up 8.4% from a year earlier by 1.1% lower for the quarter ended June 30 rose 9.2% YoY to Rs 3,732 crore, lifted by strong performance in its verticals serving the banking, financial services & insurance (BFSI) and technology, media & telecommunications sectors, despite a 50% fall in logistics & transportation business. On year, the revenue was almost the growth was boosted by the Americas, which constitutes more than 80% of revenue share, and India, led by ramp ups in recent large reported strong deal wins. Quarterly total contract value (TCV) at $760 million was the highest on record and up 138% from a year earlier. The management said 68% of these were the four large deals won in the June quarter, three were $100 million contracts and one was $50 million. Order from It saw a 47% increase in the banking and financial services (BFS) segment from a year earlier. Non-BFS orders rose 108%.Operating margin was flat sequentially at 15.3% and a tad higher from 15% a year an investor presentation, Mphasis CEO and managing director Nitin Rakesh and chief financial officer Aravind Viswanathan highlighted continued volatility and lack of tailwinds in the market, with decision cycles remaining elongated due to uncertainty and geopolitics and cyber still dominating Bengaluru-headquartered firm expects its growth in the congoing fiscal 2026 to be two times faster than the industry, 'on the back of our Q1 performance and steady conversion of TCV to revenue', according to the investor presentation. It targets an operating (EBIT) margin of 14.75-15.75% for the fiscal experts estimate the IT sector to grow around 3-5% this fiscal said its wholly owned US subsidiary, Mphasis Corporation, acquired a 26% stake through preferred shares in Bengaluru-based Aokah, a platform-as-a-service company designed to help enterprises set up, scale, and optimise global capability shares ended 1.3% lower at Rs 2,619.55 on the BSE Friday.
