Fill up 40% vacant posts in FMC at earliest: Parliamentary panel

NEW DELHI: A Parliamentary panel has suggested the commodity markets regulator FMC to fill all its vacant posts at the earliest.

The Forward Markets Commission (FMC), under the Consumer Affairs Ministry, is functioning with 80 officers and staff as against the sanctioned strength of 135, it said.

"The committee find that though FMC have made several attempts to fill up the vacancies, yet all vacant posts have not been filled up. The Committee, therefore, urge FMC to take more vigorous and continuous steps to fill up the vacant posts at the earliest," the Parliamentary Standing Committee said in the action taken report tabled in Parliament last week.

The government has stated that despite several efforts made to implement the Panel's recommendation, nearly 40 per cent of the posts have remained vacant in FMC, it said.

The positions have not been filled up "due to reasons of non-availability of suitable candidates, lack of adequate incentive, non-extension of deputation period, etc," it noted.

The panel also mentioned that the government received "lukewarm response" to job advertisements announced regularly since 2005 to augment manpower position.

There are vacancies in temporary Group A posts, Indian Economic Service cadre posts of Director, Deputy Director and Additional Director. Besides, there are positions vacant for Group B and C posts of economic officers and stenographers.

The regulator FMC oversees the functioning of five national and 16 regional bourses in the country.