AIZAWL: Mizoram Congress MLA Lalrindika Ralte has claimed the state authorities incurred losses amounting to crores of rupees within the buy of rice at a excessive value, leading to monetary crunch.

Talking to the media in Aizawl, the Mizoram Congress MLA alleged that the state authorities incurred a lack of Rs 36.87 crore whereas buying rice between January and June this 12 months.

He mentioned that the loss has vastly contributed to present monetary scarcity in Mizoram.

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

Other than the month-to-month quota, the Mizoram authorities purchases rice on financial price to fulfill its month-to-month requirement, he mentioned.

Additionally learn: Mizoram monetary crunch: State authorities hopeful of stabilising situation

From 2013, the Mizoram authorities started buying rice by means of open market as the worth of rice was decrease than that of FCI’s price on financial price, he mentioned.

Though 1 quintal of rice was bought on the price of Rs 2750, the Mizoram authorities bought it on the price of Rs 1500, thereby incurring a lack of Rs 1250 for every quintal of rice, he mentioned.

It has been estimated that the Mizoram authorities incurred a month-to-month lack of Rs 6.14 crore and Rs 73.75 crore in a 12 months, he mentioned.

He urged the Mizoram authorities to buy rice at cheap value citing buy at excessive price means wastage of public cash.

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