Govt eases norms for PSUs to reduce food import bill
THE government has amended rules related to public sector imports to ensure swift sourcing of essential commodities, such as rice and wheat, to rein in prices. The move would allow public sector companies to contract commodities from the global market without having to go through elaborate tendering process. The move to this effect has been cleared by a committee of secretaries (CoS) headed by cabinet secretary K M Chandrasekhar.