1. Trader/company gets export clearance from food ministry
2. Exporter procures foodgrain from FCI at subsidised BPL prices (Rs4.15 per kg for wheat and Rs 5.65 per kg for rice)
3. Sale abroad is established via fraudulent documents
4.Trader-turned-exporter diverts the consignment into domestic market. Openmarket price of rice is Rs 11.30 per kg and wheat Rs 8.30 per kg
The Grain Drain
Did Indian exporters make thousands of crores by diverting subsidised foodgrain?
Outlook
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