Fair Price Research Articles

Right to Food and Sustainable Food Systems in Nepal: Legal Frameworks, Achievements, and Challenges

Food insecurity remains a persistent challenge in Nepal. The right to food is a fundamental human right recognized in various international conventions and national legal frameworks. The Right to Food and Food Sovereignty Regulation was drafted by the Ministry of Agriculture and Livestock Development, Nepal, and approved by the Council of Ministers in March 2024. The introduction of legal frameworks to ensure food security and their effective implementation is one of the key action tracks identified in Nepal’s National Food System Transformation Pathway. However, several challenges hinder the effective implementation of this regulation, including the availability of financial resources, technical manpower, the establishment of fair price shops, and the technical capacity of the implementing agency. Additionally, policy coherence across government tiers, the interests of external development partners, and certain cultural factors pose significant obstacles to the successful implementation of the regulation's provisions. A comprehensive approach is required, combining legal reforms, economic support, and social initiatives, to transform the right to food from a theoretical concept into a tangible reality for all Nepali citizens. This paper highlights the key provisions, the development process of the regulation, the roles of key stakeholders, and the challenges in its effective implementation. Int. J. Appl. Sci. Biotechnol. Vol 12(3): 115-125.

On the Different Fair Allocations of Economic Benefits for Energy Communities

Energy Communities (ECs) are aggregations of users that cooperate to achieve economic benefits by sharing energy instead of operating individually in the so-called “disagreement” case. As there is no unique notion of fairness for the cost/profit allocation of ECs, this paper aims to identify an allocation method that allows for an appropriate weighting of both the interests of an EC as a whole and those of all its members. The novelty is in comparing different optimization approaches and cooperative allocation criteria, satisfying different notions of fairness, to assess which one may be best suited for an EC. Thus, a cooperative model is used to optimize the operation of an EC that includes two consumers and two solar PV prosumers. The model is solved by the “Social Welfare” approach to maximizing the total “incremental” economic benefit (i.e., cost saving and/or profit increase) and by the “Nash Bargaining” approach to simultaneously maximize the total and individual incremental economic benefits, with respect to the “disagreement” case. Since the “Social Welfare” approach could lead to an unbalanced benefit distribution, the Shapley value and Nucleolus criteria are applied to re-distribute the total incremental economic benefit, leading to higher annual cost savings for consumers with lower electricity demand. Compared to “Social Welfare” without re-distribution, the Nash Bargaining distributes 39–49% and 9–17% higher annual cost savings to consumers with lower demand and to prosumers promoting the energy sharing within the EC, respectively. However, total annual cost savings drop by a maximum of 5.5%, which is the “Price of Fairness”.

Escalating costs of innovative medicines: perspective and proposals.

Public healthcare systems are challenged by the soaring costs of medications that require increasing resources, often at the expense of other investments. The increasing pharmaceutical budget poses a threat to the allocation of funds for essential preventive and primary healthcare services while also raising concerns about equitable access, particularly in models where patients bear part of the costs out of their own pockets. Proposals on how to ensure ongoing and long-term accessibility, efficiency, and financial stability are required. The escalating costs of medicines may be explained in part by the mismatch between the traditional value-based pricing and reimbursement frameworks and the type of clinical development of targeted therapies and precision medicine in clinical practice. New appraisal methods and managed access strategies should be adapted to therapies targeting small populations and addressing increased uncertainty. Fair pricing strategies, transparent healthcare investments based on problems and outcomes, regulatory reforms, international cooperation, and critically examining the drug acquisition model are potential solutions. Transitioning from an industry-driven pricing approach to a health-driven payment model can help align the cost of treatments with actual health outcomes, establishing a foundation for a healthcare system that addresses immediate challenges and fosters long-term well-being. Acknowledging the lack of a universally applicable solution, the practical implementation of interventions requires a reframing of the pricing and access system and adaption to the targeted therapeutic approaches. Balancing innovation with financial sustainability necessitates a collaborative, adaptive, and transparent approach, as well as transitioning toward health-driven payment models, moving the focus from the cost of medications to the well-being of populations worldwide.

A new pricing method for integrated energy systems based on geometric Brownian motions under the risk-neutral measure

An integrated energy system (IES) is a promising energy-saving technology. With the advancement of technology and deregulation of the energy market, numerous distributed energy systems (DESs) will be accessed in the IES with various trading modes in the future. This makes it even more challenging to evaluate the fair energy selling price of IES, which is of great concern to market regulators and participants. To address this issue, this study proposes a risk-neutral pricing method for IES based on geometric Brownian motions. First, geometric Brownian motions are introduced to characterize the uncertainty feature of the energy price of the DESs. Then, we propose a stochastic partial differential equation (SPDE) for the energy price of an IES by utilizing the Ito lemma and the properties of the martingale under the risk-neutral measure. Finally, sensitivity analyses of the proposed SPDE on the volatilities and two types of correlation coefficients are conducted by implementing the proposed model in the given scenario.

Drugs anticipated to be selected for the Medicare Drug Price Negotiation Program in 2025.

The Centers for Medicare and Medicaid Services (CMS) recently announced the Maximum Fair Price for the first 10 Medicare Part D drugs selected for price negotiation. By February 2025, CMS should announce the list of Part D drugs to be negotiated with implementation of the negotiated prices in 2027. To identify up to 15 Medicare Part D single-source drugs anticipated to be selected by CMS for price negotiation in 2025. We followed selection criteria identified in the Inflation Reduction Act and CMS guidance to identify drugs. We projected 2023 Part D gross spending using 2020-2022 data reported by CMS and linear prediction models. We ranked products according to the projected spending figure and identified those not eligible for selection because of (1) number of years since approval, (2) availability of a biosimilar or generic version, (3) approval for a single orphan indication, (4) whole human blood or plasma-derived, or (5) eligibility for the small biotech exception. We identified 13 products likely subject to Medicare drug price negotiation, including 4 anticancer therapies, 3 noninsulin antidiabetic products, 2 inhalers, 1 antifibrotic therapy, 1 gastrointestinal agent, 1 enzyme replacement therapy, and 1 product indicated for dyskinesia. These 13 products each had projected annual gross Part D spending more than $1 billion. We identified 7 additional products with uncertainty to complete the list of 15, including an insulin, an antiviral, an antibiotic, an immunologic agent, an antidiabetic, and 2 cancer drugs. These products had projected gross Part D spending between $877 million and $1.399 billion. Twenty-two products with comparable levels of spending were deemed ineligible for selection because of availability of a generic or biosimilar version (10 products), insufficient years since approval (8 products), eligibility for the small biotech exception (3 products), and expected market discontinuation (1 product). Our identification of products anticipated to be selected for negotiation in 2025 (with implementation of negotiated prices in 2027) will help inform manufacturers, payers, patients, and policymakers of the products that will likely see a decrease in Medicare drug prices as result of negotiation. We identified 22 products with levels of spending that are comparable with those anticipated to be selected for negotiation but are not eligible, primarily because of generic or biosimilar availability or insufficient time on market.

The price of fairness: Experimental evidence on the limits to demand for redistribution

How far are people willing to go to reduce inequality and enact what they perceive as a fair distribution of income? We address this question in South Africa, one of the most unequal countries in the world, where questions of fairness and redistribution are part of everyday considerations. We carry out an experiment where a third-party stakeholder is paired with two “workers” and makes a series of redistributive decisions over their earnings. These redistributive decisions carry varying personal costs to the stakeholder, and the inequality in worker payout is also varied. Additionally, we randomly vary the source of inequality: luck or merit. We show that stakeholders’ willingness to redistribute increases with initial pay inequality and decreases with personal cost to redistribute. The source of inequality also makes a difference, with higher redistribution in the luck treatment. The source matters less at higher levels of inequality, suggesting a degree of aversion to extreme disparities, even when payouts are seen as rightfully earned. On the other hand, the effect of stakeholders’ personal cost does not interact with the source of inequality, indicating a robust self-interest motivation. The interplay of these effects can result in significantly different levels of post-redistribution inequality. We suggest that substantial redistribution might be acceptable to most as a tool for reducing high inequality - such as that observed in South Africa - especially when income allocation is deemed unfair. However, self-interest may be a significant limiting factor.

REVIEW OF ASPECTS OF THE TRANSFER PRICING METHOD AT THE COCA-COLA COMPANY RELATED TO THE EMBEDDED ROYALTY ON THE SALE OF CONCENTRATES (CASE STUDY ON UNITED STATES COURT JUDGMENT)

The Australian Tax Office (ATO) imposed withholding tax on what is considered an Embedded Royalty implied in the purchase transaction of Pepsi Australia's concentrate to Pepsi Singapore based on the United States Tax Court Judgment Number 31183-15 where the Internal Revenue Service (IRS), the Tax Authority in America, won the case against The Coca Cola Company by correcting the subsidiary's profit level using a fair price level approach to the profits of other independent bottling companies. The purpose of this study is to examine the court's Judgment can have direct implications for companies that produce Coca-Cola drinks in Indonesia. the research method used is qualitative with a literature study, namely by analyzing books, documents, news articles, national and international journals, and laws that are directly related to the research theme. This research concludes that the purchase of concentrate contains Embedded Royalty which can be subject to Income Tax Article 26 of the Income Tax

Unveiling the Complexities of the Agricultural Marketing System in India: A Crucial Step Towards an Efficient Marketing System

Background: The process of marketing agricultural produce is a labyrinth of complexities. Indian farmers encounter numerous challenges in their quest for a fair price for their produce. The need for a robust marketing system to reward their efforts is not just pressing but urgent. This study was undertaken to identify the challenges various agriculture marketing models face in the region and propose a new, more efficient model. Methods: The present study is explorative research in nature and primary data is collected from 1086 farmers, 11 APMCs, 25 FPCs, 2 retailers and 10 farmers’ markets in the Pune district. Result: This study unveiled the challenges faced by farmers in adopting non-conventional marketing models. However, these challenges can be overcome with the right encouragement and training. The study’s findings confirmed that combining conventional and non-conventional marketing models can empower farmers in the evolving landscape. They also presented an opportunity to understand the emerging challenges in Indian agriculture and offer a promising path toward doubling farmers’ income in India.

Beeyond Foods: creating a sweet honey revolution

Learning outcomes After completion of the case study, the students will be able to[1] review the industry analysis using Porter’s five forces and strength, weakness, opportunities, threats framework and understand how a firm can achieve a competitive advantage, analyze the stakeholder theory and the salience of stakeholder mapping for enterprises with large number of stakeholders, apply the Mendelow framework of stakeholder mapping in this context and integrate it with stakeholder engagement for small enterprises and examine and evaluate how new age enterprises can engage better with stakeholders to provide a higher value creation. Case overview/synopsis Ayushi Srivastava started her enterprise, Beeyond Foods, in early 2021 with the aim to provide unadulterated, raw honey to consumers. She also wanted to help the beekeeping community by providing the beekeepers with a fair price for the procurement of honey from the bee hives. Beeyond Foods was a small enterprise in India that sold two variants of honey to consumers. The first variant was sourced from the Himalayan region of India, whereas the second was sourced from the Western Ghats of India. The primary distribution channel was trade fairs, where Srivastava would assemble her stall and sell honey to potential customers. Furthermore, a part of the sales was also driven by an electronic channel, which was through the company website. Customers could place their orders, and the honey would directly be delivered to their homes. With a successful start to the business, Srivastava was interested to scale her business and reach more customers. However, she was mindful that there were multiple stakeholders involved in the business. Srivastava had to study the values and needs of each stakeholder, while simultaneously formulate a strategy to expand her reach. This case study is designed to teach the concept of stakeholder value creation for small business enterprises. Complexity academic level This case study is well suited for an entrepreneurship and strategy course at the postgraduate (Master of Business Administration) level. This case study can also be taught in a marketing course. Supplementary materials Teaching notes are available for educators only. Subject code CSS3: Entrepreneurship.

EXPRESS: On the Valuation and Monetization Roles of the Rolling Intrinsic Policy for Merchant Commodity Storage

Merchants use the rolling intrinsic policy to value commodity storage assets and monetize the values they attribute to these assets. A recent study ascribes to informational inconsistency two discrepancies between its partial monetization findings and the known excellent valuation performance of this method: (i) The rolling intrinsic policy can perform worse than the intrinsic policy and (ii) it appears to be far from optimal. This paper contends that this claim generally confounds informational inconsistency and the risk adjustment that underpins the common no arbitrage valuation of this policy. In particular, lack of risk adjustment in that investigation explains at least the first difference and informational inconsistency cannot be associated with the second dissimilarity in about four percent of its instances. Further, this work establishes that equipping the rolling intrinsic policy with forward trading rules out the former disparity, whereas the latter one in general can persist. Finally, it uses known results to argue that in realistic settings this extended policy incurs small monetization losses on average for storage assets acquired at a fair price and outlines alternative monetization methods with potentially improved effectiveness.

The Role of Purchase Behavior in Consumers' Intent to Revisit and Recommend Coffee Shops in Manila: A Mediation Analysis

The study investigates the influence of purchase behaviour on customers' intentions to revisit and recommend coffee shops in Manila, utilizing a mediation analysis. In light of coffee shops' growing significance as social and recreational venues, this study attempts to comprehend the all-encompassing experience that fosters patron loyalty. The study specifically examines how characteristics such as product, service, price, and physical environment quality influence consumer satisfaction and buying behaviour. These factors then influence consumers' inclination to recommend and return. We employed a causal quantitative research methodology to gather data from 235 customers of coffee shops located in Metro Manila through a structured survey. We used a structural equation modelling technique known as partial least squares (PLS-SEM) to examine the correlations between the variables. The results indicate that the quality of the product and the pricing significantly influence customer satisfaction and purchasing behaviour, two major factors that determine intents to return and recommend. However, there was no substantial direct effect of either physical environment or service quality on purchasing behaviour, indicating the possibility of other factors at play. The study emphasizes how crucial it is to uphold fair pricing policies and excellent standards for products in order to increase client loyalty. It also emphasizes how intricate client experiences may be and how important it is for coffee shops to concentrate on the whole experience rather than just their product lines. For coffee shop owners and managers looking to improve consumer advocacy and retention in a cutthroat industry, the findings offer insightful information.

Beyond Convenience: Exploring the Hidden Impact of Algorithmic Pricing on Consumer Trust and Loyalty in Chinese Online Travel Agencies

ABSTRACTThe emergence of online travel agencies (OTAs) provides travelers with “one‐stop” convenience, but also faces issues of price discrimination. This mixed‐methods study began with semi‐structured interviews of 30 participants to explore initial perceptions, followed by a survey of 307 Chinese consumers. The study examined attitudes toward OTA overreliance on algorithmic pricing and unclear information, and their impact on trust and loyalty. Findings reveal that during peak seasons, regular customers without value‐added membership services paid higher room rates than new customers. The results indicate that once trust is established through clear information quality and reliable service, consumers are less wary of pricing quotes. The conclusion summarizes the findings and suggests further research to promote transparent and fair pricing practices, enhancing consumer trust and loyalty.

Understanding factors affecting non-participants’ interest in community-supported agriculture

Community-supported agriculture (CSA) has emerged as a viable solution for addressing the agricultural challenges faced by countries like Indonesia. This study uses the well-established unified theory of acceptance and use of technology (UTAUT2) model to examine the interest in CSA of potential customers in Indonesia. A standardized questionnaire was distributed to 1200 respondents, and the data were analyzed using structural equation model-partial least square (SEM-PLS) in SmartPLS 4.0 software. The results capture potential CSA consumer interest and will help to improve CSA development strategies in Indonesia. The model explains 44.4% of customers’ intentions, and identifies performance expectancy as the decisive factor in customers’ willingness to participate in CSA. Performance expectancy (0.292), hedonic motivation (0.262), social influence (0.259), and facilitating conditions (0.086) positively influence customers’ interest in participating in a CSA program. The adoption of CSA programs by both farmers and customers could be increased by implementing regulations that provide tax incentives and subsidies, offering training on sustainable farming practices, facilitating the establishment of distribution channels, and establishing guidelines for fair price and quality standards. This study shows the high potential for the implementation of CSA in Indonesia. It could also be used as a foundation for the development of new policies regarding sustainable agriculture markets in Indonesia.

Analytically pricing volatility options and capped/floored volatility swaps with nonlinear payoffs in discrete observation case under the Merton jump-diffusion model driven by a nonhomogeneous Poisson process

In this paper, we introduce novel analytical solutions for valuating volatility derivatives, including volatility options and capped/floored volatility swaps, employing discrete sampling within the framework of the Merton jump-diffusion model, which is driven by a nonhomogeneous Poisson process. The absence of a comprehensive understanding of the probability distribution characterizing the realized variance has historically impeded the development of a robust analytical valuation approach for such instruments. Through the application of the cumulative distribution function of the realized variance conditional on Poisson jumps, we have derived explicit expectations for the derivative payoffs articulated as functions of the extremum values of the square root of the realized variance. We delineate precise pricing structures for an array of instruments, encompassing variance and volatility swaps, variance and volatility options, and their respective capped and floored variations, alongside establishing put-call parity and relationships for capped and floored positions. Complementing the theoretical advancements, we substantiate the practical efficacy and precision of our solutions via Monte Carlo simulations, articulated through multiple numerical examples. Conclusively, our analysis extends to the quantification of jump impacts on the fair strike prices of volatility derivatives with nonlinear payoffs, facilitated by our analytic pricing expressions.

ANALISIS PENGARUH BEBAN PAJAK, PROFITABILITAS, MEKANISME BONUS DAN EXCHANGE RATE TERHADAP TRANSFER PRICING PADA PERUSAHAAN SEKTOR BARANG BAKU DI BURSA EFEK INDONESIA

Transfer pricing is the practice used by multinational companies to determine prices in transactions between subsidiaries, divisions, or related entities in different countries. The primary purpose of transfer pricing is to determine fair and reasonable prices for goods, services, or intellectual property rights traded between different entities that are within one company but operate in different countries or tax jurisdictions. The purpose of this study is to identify the effect of tax burden, profitability, bonus mechanism and exchange rate on transfer pricing in raw goods sector companies listed on the Indonesia Stock Exchange. The analytical tool used in the study was to use the Statistical Product and Service Solution (SPSS) program version 26. The sampling method is purposive sampling where there are 160 observational data. The results showed that tax burden, profitability, bonus mechanism and exchange rate have a positive effect on transfer pricing

The effect of hydropower bidding strategy on the iberian day-ahead electricity market

In 2021, the Iberian Electricity Market, which includes Portugal and Spain, experienced a significant increase in electricity prices. On average, prices tripled compared to pre-pandemic levels in 2019, despite stable demand. This trend, though less pronounced in other European markets, has raised concerns about the efficiency and competitiveness of wholesale electricity markets. This study investigates the bidding behavior of non-pumped hydropower plants in the Iberian market, employing a merit order model based on real data from 2019 to 2021. The analysis reveals a clear mismatch between hydropower bid prices and actual production costs. Although this practice is legal, it conflicts with the European Union's goal of promoting fair competition within the internal electricity market.Our findings suggest that aligning hydropower bid prices with 2019 levels could have reduced annual market costs by approximately 2324 million euros under a moderate scenario. This indicates substantial potential for cost savings and improved integration of hydropower. However, this strategy also benefits companies that own these hydropower plants, as they often possess large portfolios and can capitalize on increased market prices through other plants, particularly renewable energy units, which offer electricity at very low prices and have a high likelihood of being dispatched.Furthermore, the study highlights regulatory gaps allowing hydropower plants to price low-cost energy similarly to thermal plants, raising consumer costs and distorting market dynamics. These findings emphasize the need for stronger regulatory oversight and reforms to prevent excessive price inflation by hydropower, which plays a critical role in renewable energy integration and grid stability. Policymakers must ensure fair pricing while compensating hydropower plants for their flexibility and essential contributions to the energy system.

Public Procurement in Local Government: A Tool for Good Governance, Value Creation, and Sustainable Development

Worldwide, government adopts various methods and strategies for Good Governance (GG), Value Creation (VC) and Sustainable Development (SD) in public sector. One of such methods is Public Procurement (PP), a strategic instrument for public policy initiatives and a tool to stimulate GG, VC, SD, economic growth, and competitive markets. However, in Local Government (LG), PP process is often exposed to fraudulent activities, mistrust, non-competitive, non-transparent and non-accountable or politicized, these hampered GG, VC, and SD. It is against this background, that the study examined PP fundamental principles, mechanism for effective operation, essentials steps for LG PP process, and using fundamental principles as moderating variables in PP process to achieve GG, VC and SD. The study employed exploratory research design. Consequently, the study concluded that PP is a strategic tool to achieve GG, VC and SD in LG. Besides, the moderating variables of PP process in LG is not only prerequisite for GG, VC and SD but a means to guarantee integrity, fair pricing standard, trust, widening SMEs participation, and also to solve societal and climatic problems prevailing at the LG areas. Therefore, the study recommends that LG should have financial, administrative, and political autonomy to drive procurement policy for GG, VC, SD, and societal sustainability. Additionally, professionalizing and adoption of E-procurement in LG will ensure efficient service delivery and seamless procurement process. Furthermore, procurement officials should exhibit efficiency, transparency, accountability and probity in procurement process to avoid bureaucracy and corrupt practices pertinent to award of contract and payment.

Performance indicators of the red grouper (Epinephelus morio) fishery along the Yucatan coast, Southeast Mexico

This study assesses the Fishery Performance Indicators (FPI) of the red grouper fishery, currently overexploited, aiming to identify factors for sustainable management and economic growth. Evaluation spans commercial and recreational fishing activities and encompasses output indicators focusing on ecology, economy, and community, through 68 metrics, including measures related to stock abundance, ecosystem impacts (e.g., habitat degradation, bycatch rates), and social aspects (e.g., community participation in management). Input indicators assess enabling conditions such as diseases, water quality, air pollution, biodiversity, etc. Scoring involved reviewing fishery data and information from various sources including scientific literature, technical reports from workshops and meetings, journalistic notes, databases, and unpublished data; with each metric scored according to its specific system. The red grouper fishery exhibits strengths in harvest and community involvement but grapples with stock and ecological concerns. Medium-size fleet perform adequately, yet challenges arise from aging vessels and market fluctuations. Artisanal fleet encounter issues like illegal fishing and economic struggles, while recreational fishing faces stock and ecological worries. Persistent environmental and governance challenges underscore deficiencies in management practices and fishing markets. Enhancing the red grouper fishery requires fair pricing, effective stock management, and sustainability efforts in co-management, fisheries management, and post-harvest processes. Improving gear selectivity is crucial for effective stock management, involving minimizing catches of juvenile red grouper and incidental species. Insufficient bargaining power results in an unfair market and disadvantages for fishermen, leading to losses. To address these issues, it is essential to diversify market channels, stabilize prices, and advocate for fair pricing mechanisms. Empowering fishermen through collective bargaining and regulating credit agreements can ensure fairness. Additionally, policy interventions are necessary to support fishermen and foster a more equitable industry.

Integrating Price Benchmarks and Comparative Clinical Effectiveness to Inform the Medicare Drug Price Negotiation Program

ObjectivesBy September 2024, the Centers for Medicare and Medicaid Services (CMS) will publicly report the negotiated prices (Maximum Fair Prices) for the first 10 drugs selected for price negotiation. We estimate initial price offers based on net prices, statutorily defined ceilings, and comparative effectiveness data for the 10 drugs and their therapeutic alternatives. MethodsWe utilized net prices and other price benchmarks for the 10 drugs and their therapeutic alternatives. We searched for data on comparative clinical effectiveness for the primary indications. We outlined a range of plausible initial price offers based on CMS guidance and our interpretation of regulatory intent. ResultsFor ibrutinib and ustekinumab, statutorily defined ceiling prices will likely determine the initial price offers. The integration of net pricing and clinical evidence from comparator branded products will inform the initial price offers for apixaban, empagliflozin, etanercept, and insulin aspart. Rivaroxaban and sacubitril/valsartan have therapeutic alternatives that are generics; therefore, CMS may apply a discount to current net prices. To achieve savings in the negotiation of dapagliflozin and sitagliptin, CMS will have to leverage additional negotiation factors because statutory defined ceilings and net prices of therapeutic alternatives are similar or higher. ConclusionsThis analysis sheds light on important price benchmarks and clinical evidence factors for the determination of the initial price offers. Although we were not able to simulate the offer and counter-offer process, our findings provide a transparent and systematic way to produce initial offers that are consistent with CMS guidance.

Augmenting Use of Technology in Implementation of NFSA-2013

Technology has the potential to help governments live up to their ambitions for public policy and delivery. To increase the efficiency of the Public Distribution System (PDS), the Government of India has launched multiple Information and Communication Technology (ICT) intervention projects under the National Food Security Act (NFSA), 2013. The article looks at the effectiveness of Aadhar Seeding, Biometric Authentication Systems, Fair Price Shop (FPS) Automation, Integrated Management of Public Distribution Systems (IMPDS), Mobile Applications (Mera Ration App), and Direct Benefit Transfer (DBT)- in enhancing transparency, accuracy, and accountability of PDS under NFSA, 2013 in the delivery of subsidized food grains in Assam. The study relies on secondary data. The augmentation of technology has the potential to increase the effectiveness, transparency, and accountability of the NFSA implementation and address the issue of food security. The authors suggest that ensuring the feasibility of FPSs, creating dashboards for data and reports for NFSA stakeholders, conducting social audits, and developing efficient monitoring and evaluation frameworks within the NFSA can greatly improve the efficiency of the PDS in Assam.