Page 2 - Food Corporation Of India

Budget may help pare FCI dues, but risk of cost overrun remains

The Budget has allocated around Rs 4.22 trillion for food subsidy. Of this, FCI's share is around Rs 3.44 trillion

CBI searches 20 Food Corporation of India godowns in Punjab, Haryana

The Central Bureau of Investigation carried out searches at over 20 locations in Punjab and Haryana on the godowns of the FCI

How India's grain policies stoked Food Corporation of India's debt binge

In the past decade, FCI's expenses have risen as the guaranteed price for common rice has climbed by 73% and for wheat by 64%

Adani Group: We only manage grain silos for FCI and do not buy harvest

Farmer groups in their protests alleged that the agro reforms were brought to 'favour Ambani and Adani'

India's big food procurement programme is at the heart of farmers' protests

The Modi government and leaders of protesting farmers' unions have held several rounds of talks but have not made any progress in breaking the deadlock over the the new farm laws.

NCML to invest Rs 506 cr in grain silos in India, IFC to back the project

NCML will develop these grain silos at seven locations in Punjab, Haryana and Uttar Pradesh under a 32-year concession agreement awarded by FCI

Punjab farm protest: Railways stares at loss, FCI at storage space crunch

So far, a total of 1,373 trains got cancelled and 230 rakes are held up outside Punjab.

Govt asks FCI to tie up with rice mills to boost supply of fortified rice

The government on Tuesday said state-run Food Corporation of India (FCI) has been asked to tie up with rice mills for increasing supply of fortified rice via ration shops and other welfare schemes

FCI garners Rs 8,000 cr via issuance of bonds on private placement basis

State-owned Food Corporation of India (FCI) on Wednesday raised Rs 8,000 crore through issuance of bonds on private placement basis using BSE BOND platform.

32% of FCI's FY21 wheat procurement cost to be mandi taxes, middlemen fee

The other components are poo­led cost of grains and distribution cost that includes freight, handling, and storage, etc

Immediate paddy procurement at MSP in Punjab, Haryana amid farm bill stir

The official reason given by Centre is that procurement had to start early in the wake of early arrival of the kharif crop in the two states

MSP procurement of kharif paddy begins immediately in Punjab, Haryana: Govt

According to the ministry, state procuring agencies including Food Corporation of India (FCI) are in a state of readiness for smoothly undertaking procurement operations

Firms raising 3-month money at much lower than RBI's overnight rates

Even as FCI is raising Rs 75,000 cr for three months at 4.69%, companies are regularly tapping bond market for the same tenure at as low as 3.2%, way lower than RBI's repo rate of 4%

Tweak FCI's procurement strategies to boost rice exports: Expert panel

Rice is among the biggest agriculture exports from India along with buffalo meat and cotton

Committee on Public Undertakings to examine AAI, NBCC among others

11 issues have been chosen for Comprehensive Examination, eight for horizontal study and five subjects for audit based purposes

Financing the food chain: Challenges to ensure India remains hunger-free

The govt will face unprecedented budgetary challenges to ensure India remains hunger-free

Ratio of India's public debt to GDP likely to scale a new high in FY21

According to the Reserve Bank of India (RBI) data, the combined liabilities of the Centre and the state governments were around Rs 147 trillion at the end of March 2020

Foodgrain stocks top 100 million tonnes, triggering calls for liquidation

The massive build-up could also pose a grave storage challenge as the monsoon keeps advancing.

States fear losing revenue once agriculture market reforms kick in

The first of a two-part series looks at why states such as Punjab, which depend on taxes levied on mandi transactions, are disgruntled

Covid-19 lockdown: Farmers gather record wheat crop, but cannot move it

The country-wide lockdown has led to a labour shortage across rural India, crimping the harvest and preventing the bagging and movement of it