Page 3 - Food Corporation Of India

Decentralise relief policy

Regional diversity in policy measures to deal with the coronavirus challenge and its economic fallout is essential for India

The lull before the storm

Starvation deaths post-Covid are likely to gallop in India's most vulnerable states unless the Centre steps in

Centre permits conversion of surplus rice to ethanol for hand sanitisers

Move will lead to use of part of a stockpile of 30.57 million tonnes, which is almost 126% more than the buffer stock and strategic requirement norms

Shipment of foodgrain, flour, and pulses grow 148% in first week of FY21

Except for foodgrain, flour and pulses, transport of all other commodities showed negative growth

Lockdown helps faster delivery of foodgrain by Food Corporation of India

In 11 days, corporation moved three times more grain than the same period last year

Coronavirus: FCI ramps up foodgrain supplies across country during lockdown

The FCI is conducting e-auction under Open Market Sales Scheme for providing wheat to the empanelled roller flour mills/state government to ease the supply constraint in the market

Covid-19 shouldn't be used as an argument to raise buffer stocking norms

The controversial overflowing granaries have come in handy to feed the poor during the Covid-19 lockdown. But should that be used as an argument to raise buffer stocking norms?

Coronavirus outbreak: States can borrow three months' ration from FCI

The move will help states distribute foodgrains free of cost to the poor and vulnerable sections impacted by the COVID-19

Towards transparency

Disclosure of extra-budgetary borrowings is a prudent move

Budget 2020: Borrowings by FCI will rise 24% to Rs 1.36 trillion

This includes loans from NSSF at Rs 1.36 trillion

Budgetary over-reach: There is a price for trying to do too much in Budgets

The larger economy suffers more than the central govt, as New Delhi is allowed to get away with behaving arbitrarily and then hiding the reality behind bogus numbers, writes T N Ninan

Revamp of subsidy regime likely to be in focus in FM Sitharaman's Budget

As of now, the proposal on the table is to consider direct benefit transfer to farmers for food and fertilizer subsidies, sources said

Govt may ask FCI to sell 1.5 MT broken rice for grain-based biodiesel units

Move to dispose of 1.5 mt of broken rice will partly address concern of grain-based distillery capacities remaining idle

FCI raises Rs 8,000 cr on BSE BOND platform, gets Rs 20,071.2 cr in bids

In total, 247 bids for Rs 20,071.2 crore were received on BSE BOND Platform, which is the second highest bids ever received for yield based bidding, the exchange said in a statement

How should the government revive demand?

What happens when, with government expenditure unchanged at Rs 65 trillion, the FM decides to reduce the tax rate, mobilise less revenue and let the deficit widen by Rs 1 trillion?

Govt hikes Food Corporation capital to Rs 10,000 cr to help it manage stock

The FCI, the nodal agency for procurement and distribution of foodgrain, will now be able to reduce debt and interest cost

Cereal prices move up on lower Kharif output, changing consumption patterns

Huge stocks lying with FCI limit increase in rice, wheat prices; coarse grains costlier by up to 16% during the past one month

Food Corporation of India has borrowed Rs 2.19 trn till Oct-end, says govt

For 2019-20, the budget estimate for the FCI is Rs 1,51,000 crore, of which Rs 1,06,000 crore has been released till November 15, he added.

Govt panel reiterates need to review open-ended grain procurement policy

The policy has led to mounting food stocks and adversely affected crop diversification, says report

FCI's rising debt stock

India's food management system needs a revamp