Nidhi Mani Tripathi (lAS) gets additional charge as CEO of PSFT

New Delhi: (Bureaucracy News) Nidhi Mani Tripathi (IAS) has been given the additional charge of Chief Executive Officer (CEO) of Price Stabilization Fund Trust (PSFT). The Appointments Committee of the Cabinet (ACC) has approved the proposal for entrustment of the additional charge of the post of the CEO, PSFT on Friday. The Price Stabilization Fund Trust (PSFT) operates under the aegis of the Department of Commerce. She has been given additional charge (Joint Secretary Level) for a period of or a period of six months beyond June 21 or till the closure of PSFT or until further orders whichever is earlier. Tripathi is a 2001-batch Indian Administrative Service officer of Manipur-Tripura cadre. She is currently working as Joint Secretary in the Department of Commerce under the Ministry of Commerce and Industry.

Nidhi Mani Tripathi's educational background

Nidhi Mani Tripathi (lAS) holds a Master's degree in Political Science and History from Gorakhpur University. She also holds an M.Phil in International Politics from JNU, New Delhi. She is a Fellow of Second Wave Class under the Aspen India's Leadership Initiative. Nidhi has served various important positions at the state level as well as central level.

Price Stabilization Fund Trust (PSFT)

Price Stabilisation Fund Trust (PSFT) was registered in September 2003, initially for a period of ten years. The registration has been further extended for a period of 10 years with effect from September 11, 2013. PSFT had been implementing the PSF Scheme and Personal Accident Insurance Scheme for the plantation sector. The Price Stabilization Fund (PSF) Scheme was launched by the government in April 2003 against the backdrop of a decline in international and domestic prices of tea, coffee, rubber and tobacco causing distress to primary growers. The growers of these commodities were particularly affected due to substantial reduction in unit value realization for these crops, at times falling below their cost of production. The objective of the scheme was to safeguard the interests of the growers of these commodities and provide financial relief when prices fall below a specified level.

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