Open Market Sale Scheme (Domestic)
On 1st August, 2024, the union Government allowed state governments to directly buy rice from the Food Corporation of India (FCI) without participating in e-auction under the Open Market Sale Scheme (Domestic).
- In June 2023, the Union Government discontinued the sale of rice and wheat from the central pool under the Open Market Sale Scheme (OMSS) to state governments.
Reason behind the Move
- The decision has been taken to reduce the huge surplus stocks at FCI godowns prior to the new procurement season.
Price Revision
- If the States wanted to procure more rice over the stipulated five kg of free grain ....
Do You Want to Read More?
Subscribe Now
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material before the last six months of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Related Content
- 1 First Report of Standing Committee on Petroleum and Natural Gas
- 2 India-ADB Agreement under SMILE Program
- 3 Annual Survey of Unincorporated Sector Enterprises, 2023-24
- 4 MuleHunter.AI: Combating the Issue of Mule Accounts
- 5 Committee of Creditors
- 6 SEBI Widens Scope of Optional T+0 Rolling Settlement Cycle
- 7 55th Meeting of the GST Council
- 8 State Finances: A Study of Budgets of 2024-25
- 9 RBI Committee on FREE-AI
- 10 Parliamentary Committee Report on Agriculture Distress

- 1 Krishi-Decision Support System
- 2 AI-based National Pest Surveillance System
- 3 Implementation Challenges of the PM KUSUM Scheme
- 4 MoU to Enhance Cooperative Management in Fisheries
- 5 Expansion of Agricultural Infrastructure Fund Scheme
- 6 Scheme for Trading and Settlement of Sovereign Green Bonds in IFSC
- 7 Unified Lending Interface
- 8 Yen Carry Trade
- 9 Foreign Exchange Management (Fourth Amendment) Rules, 2024
- 10 Framework for Recognition of Self-Regulatory Organisations
- 11 Development of New Industrial Cities under NICDP Infrastructure