Wednesday, July 24, 2013

FCI and money - From where it is coming and to where it is going?

"The bane of FCI [Food Corp of India] is...labour unions have a mafia-like stranglehold over it. At FCI, the highest paid loader gets a staggering Rs 2.25 lakh per month to simply load a truck with grain sacks. The same person in the unorganised sector get paid Rs 6,000 a month. FCI gives seven times more salary to its contract labour than the rates prevailing in the market. The organised trucking industry also raises its rates when transporting for FCI, thus making the Indian exchequer pay thousands of crores extra over the years."

- "Why competition in food procurement is good - Business Standard"

WOW!!! It’s fascinating to know what is happening inside those big warehouses spread across the nation.

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