India, Sept. 24 -- The Food Ministry has signed a pact with State-owned FCI for the current fiscal, setting measurable targets to improve foodgrains procurement and distribution operations for optimal management of subsidy. According to an official Statement on Tuesday, the Department of Food and Public Distribution and the Food Corporation of India signed a Memorandum of Understanding (MoU) for the 2025-26 fiscal. This MoU reflects the Government's commitment to leveraging technology and systems-based approaches to ensure that food subsidy funds are managed optimally.

"It aims to address key areas such as minimising storage losses, achieving optimum utilisation of storage capacity, strengthening quality control measures, adopting the la...