Badal discusses cash credit issue with Modi, Jaitley

  • HT Correspondent, Hindustan Times, Chandigarh
  • Updated: Jun 23, 2016 11:08 IST
Union finance minister Arun Jaitley (left) with Punjab chief minister Parkash Singh Badal in Delhi on Wednesday. (HT Photo)

With the Reserve Bank of India (RBI) acting tough over the cash credit limit (CCL)— central food grain procurement loan—and asking Punjab government to come clean on the procurement muddle, chief minister Parkash Singh Badal on Wednesday met PM Narendra Modi to resolve the logjam.

Badal met Prime Minister on Wednesday evening at his official residence on 7, Race Course Road, in Delhi. He had gone to Delhi on Tuesday, along with food minister Adaish Partap Singh Kairon, finance minister Parminder Singh Dhindsa and a battery of bureaucrats, including chief secretary Sarvesh Kaushal.

Seeking Modi’s personal intervention for early resolution of issues pertaining to procurement of grains especially the CCL, Badal apprised Modi of the problems being faced by the states during the procurement operations on behalf of the Union government. “Badal apprised the Prime Minister that the states are facing a large number of problems due to huge gap between the cost incurred by states in procuring food grains and reimbursement made by the central agencies,” a government spokesperson said in a statement.

Punjab government claimed that “acceding to demand made by Badal” the Prime Minister “constituted a high-level committee” comprising officers of both the state and Central governments to resolve these issues at the earliest.

However, it is pertinent to mention here that food minister Kairon has been on record earlier saying that the PM has already set up a committee to look into the issues relating to outstanding CCL and suggest a time-bound plan for resolution of the matter.

Before meeting Modi, Badal also met Union finance minister Arun Jaitley and urged him to put in place a permanent mechanism for reimbursing the expenditure meted out by state in procuring the food grains.

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