Turnover of Defence Canteens(csd)

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 today.

 

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