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|
|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 today.