Food Corporation gets Rs 13,000 cr as food subsidy from govt
To ensure smooth procurement and distribution of grains, the government has released Rs 13,000 crore as food subsidy to state-owned Food Corporation of India (FCI).
Aug 02, 2015, 11:47 AM IST
FCI moots proposal to raise Rs 40,000 cr via bonds from LIC
"These are specially designed bonds meant for LIC to liquidate subsidy arrears due from the government to FCI," source said.
Jun 21, 2015, 15:39 PM IST
FCI to enhance wheat procurement in eastern states
He said FCI has put all efforts to enhance the procurement of wheat and during RMS 2015-16, 21 lakh MT of wheat has been procured till date from 3.70 lakh farmers at MSP.
Jun 16, 2015, 15:46 PM IST
Interests of farmers, consumers high on agenda: Paswan
Food and Consumer Affairs Minister Ram Vilas Paswan said on Monday that interests of farmers and consumers were high on the government agenda.
Jun 01, 2015, 21:17 PM IST
Wheat procurement falls to 21.73 mn tonne despite eased norms
The government has kept wheat procurement target of 30 MT for the current year, as against the actual procurement of 28 MT in the last year.
May 06, 2015, 14:16 PM IST
FCI asks NE states to set up market yards, milling capacity
To expand the reach of minimum support price mechanism in North-Eastern region, the Food Corporation of India (FCI) has asked these states to set up market yards infrastructure and milling capacity with the help of private sector.
Feb 18, 2015, 18:25 PM IST
Govt can save over Rs 30,000 crore food subsidy with FCI rejig
Government's food subsidy bill can come down by over Rs 30,000 crore a year by reducing coverage of beneficiaries to 40 percent under the food law and outsourcing major work of FCI to states governments and private players, a high-level panel said Thursday.
Jan 22, 2015, 20:25 PM IST
FCI rejig: Panel for direct cash transfer of food subsidy
After oil, a cut in food subsidy is on the anvil as a high-level panel Wednesday suggested giving cash to beneficiaries and shifting rice and wheat procurement to states that do not have provisions for administered purchase price.
Jan 22, 2015, 00:16 AM IST
FCI rejig: Panel submits report, PM asks for FoodMin views
Prime Minister Narendra Modi Wednesday asked the food ministry to expeditiously give its comments on the FCI restructuring plan proposed by a high- level committee headed by BJP MP Shanta Kumar.
Jan 21, 2015, 23:32 PM IST
CCEA nod to maintain higher buffer stock of foodgrains
To avoid shortage of foodgrains once all states implement the food law, government Friday approved raising buffer stock and strategic reserve limits of Food Corporation of India for both wheat and rice.
Jan 16, 2015, 17:59 PM IST
FCI invites bids to raise Rs 20,000 cr short-term loan
The fund would be utilised to meet its short term fund requirement for procurement and distribution of food grains, the tender document said.
Dec 07, 2014, 12:42 PM IST
Rice procurement down by 8% this year so far
Rice procurement by government agencies is lagging behind by 8 percent at 9.2 million tonnes in the ongoing 2014-15 marketing year so far from the last year's level of 10 million tonnes during the same period.
Nov 10, 2014, 20:01 PM IST
FCI to invite suggestions on its restructuring
The high level committee, set up to recommend ways to restructure state-run FCI, Monday decided to invite suggestions from public and stakeholders, including private sector firms, on management of foodgrains.
Sep 08, 2014, 18:49 PM IST
Govt asks FCI to automate depot operations to check grain loss
In order to minimise storage losses of foodgrains, the government has asked state-run Food Corporation of India (FCI) to automate the operations at 2,000-odd depots in the country.
Aug 25, 2014, 20:45 PM IST
Govt sets up high-level panel to look into FCI restructuring
With a view to remove functional and cost inefficiencies at Food Corporation of India, the government on Wednesday set up a high-level committee to suggest various models to restructure the state-run entity which plays a key role in strengthening public distribution system (PDS).
Aug 20, 2014, 19:53 PM IST
Cash-starved FCI asks govt to clear Rs 50,000 cr dues
Faced with liquidity crunch, state-run Food Corporation of India (FCI) has asked government to clear dues of Rs 50,000 crore in a phased manner.
Aug 18, 2014, 20:35 PM IST
FCI raises short-term loan of Rs 20,000 cr
The loan has been raised from various banks at interest rates in the range of 9.95-10.25 percent, sources said.
Jul 28, 2014, 15:48 PM IST
CCEA likely to discuss tomorrow 10 mn tonnes open market wheat sale
To check price rise, the Cabinet Committee on Economic Affairs (CCEA) is likely to discuss Wednesday a proposal to sell 10 million tonnes of wheat from FCI stocks in the open market.
Jul 22, 2014, 23:18 PM IST
FCI invites bids for short-term loan of Rs 20,000 crore
Amid rising food subsidy arrears, the Food Corporation of India (FCI) for the second time this fiscal has floated a tender inviting bids for short-term loan of Rs 20,000 crore for smooth procurement and distribution of food grains.
Jul 17, 2014, 17:27 PM IST
