Monday, December 5, 2011

TURNOVER OF CSD CANTEENS

TURNOVER OF DEFENCE CANTEENS
Turnover, Profit and Profit distributed to beneficiaries after depositing 50% in Consolidated Fund of India (CFI) of Canteen Stores Department (CSD) during the last three years, year-wise, is as under:-
(Rupees in Crore)
Year
Turnover
Profit
Profit distributed to beneficiaries
2007-08
-
-
84.44
2008-09
6955.11
203.69
101.84
2009-10
8689.80
226.53
113.26
2010-11
9534.29
Annual accounts for this period are under finalization.

As per laid down policy, 50% of the total profits earned by CSD is being deposited into Consolidated Fund of India (CFI). The remaining 50% is distributed to various beneficiaries as determined by the Competent Authority. As per policy in vogue, after deduction of regular and adhoc allocations of 4.91 % of this amount, the balance is allocated to Army, Air Force and Navy in the ratio of 85:10:5.
This information was given by Defence Minister Shri AK Antony in written reply to Shri Ram Krjpal Yadav and Shri Shadi Lal Batra in Rajya Sabha on 30 Nov 2011