Congress blames buy of rice at excessive worth for the disaster

Aizawl: Mizoram Congress MLA Lalrindika Ralte has claimed that the state authorities misplaced crores of rupees in procurement of rice at excessive costs, leading to monetary disaster.

Speaking to the media in Aizawl, the Congress MLA from Mizoram alleged that the state authorities has incurred a lack of Rs 36.87 crore within the buy of rice between January and June this yr.

He stated the loss has contributed tremendously to the present monetary crunch in Mizoram.

In keeping with Ralte, the Mizoram authorities used to purchase rice for the Meals Company of India (FCI).

He stated that aside from the month-to-month quota, the Mizoram authorities procures rice at economical price to satisfy its month-to-month requirement.

Learn additionally: Mizoram monetary disaster: State authorities expects state of affairs to stabilize

He stated that from 2013 the Mizoram authorities began shopping for rice from the open market as the value of rice was decrease than the FCI price at financial price.

Although 1 quintal of rice was purchased at Rs 2750, the Mizoram authorities offered it at Rs 1500, inflicting a lack of Rs 1250 for every quintal of rice, he stated.

He stated it has been estimated that the Mizoram authorities has suffered an annual lack of Rs 6.14 crore and a month-to-month lack of Rs 73.75 crore.

He urged the Mizoram authorities to purchase rice at an inexpensive worth as shopping for at a better price means wastage of public cash.

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