SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Government rules out possibility of wheat import to meet requirement under PDS

26 Dec 2016 Evaluate

The government has ruled out possibility of wheat import saying there is adequate buffer stock to meet the requirement under the Public Distribution System (PDS). Food Minister Ram Vilas Paswan has said that there is an adequate stock in the central pool to meet the PDS requirement. As on December 1, state-owned Food Corporation of India had 27.55 MT of foodgrains, of which wheat was 16.4 MT and rice was 11 MT.

The government has recently scrapped import duty on wheat to boost domestic supplies and curb price rise. The private players have imported more than 1.7 million tonnes (MT) of wheat so far and more shipments are expected at zero Customs duty.

The Agriculture Ministry has been maintaining wheat output to be higher at 93.55 MT for the 2015-16 crop year (July-June), which the industry has countered and said the output has lowered to 86-88 MT. The Agriculture Ministry is targeting a record 96.50 MT of wheat output for 2016-17.



About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: