Fci

The probe confirmed that 28 individuals were employed as security guards after they used forged credentials of ex-servicemen.

FCI’s Rs 10,700 crore equity boost to aid inflation control, cut food subsidy bill, say experts

India’s food management body, FCI’s dependence on short-term loans and interest costs would reduce with this capital infusion.

Cabinet approves Rs 10,700 crore equity infusion for FCI's FY25 working capital

This decision aims to support the agricultural sector by enhancing FCI’s operational and financial strength, reflecting the government's commitment to empowering farmers and reinforcing India’s agrarian economy.

Govt hikes authorised capital of FCI from Rs 10,000 crore to Rs 21,000 crore

Apart from procuring food grains at MSP, FCI is also responsible for maintaining food stocks and distributes the grains under different welfare schemes.

Paddy procurement surpasses last year's purchase, hits 20,993 metric tonnes

In comparison to the purchase of 14,000 metric tonnes of paddy last year (2022), about 20,993 metric tonnes of paddy has been purchased from 3,663 farmers in 14 markets established across the state in the current year (2023), the officials said.

Moneycontrol Live: FCI sells 2.37 MT of wheat in open market | Commodities Corner

The Food Corporation of India (FCI) has sold more than 2.37 million tonne (MT) of wheat from its stock in the open market through weekly e-auctions this fiscal so far thus curbing increase in retail prices.. But, what is behind the soaring wheat prices .. Catch Manisha Gupta in conversation with Ajay Goyal, Owner, Shivaji Roller Flour Mills as they discuss key reasons for the price rise globally

FCI sells 1 lakh tonne wheat, 100 tonne rice in 5th e-auction

The government is committed towards price stabilization and its market intervention is aimed at providing relief to the consumers, the food ministry said in a release.

Additional Rs 1.45 lakh crore budget for FCI is indicative estimate; food subsidy 'adequate' for procurement: Govt

Food Corporation of India (FCI) is the Centre's nodal agency for procurement and distribution of foodgrains through the Public Distribution System (PDS).

FCI sells 8.88 lakh tonne wheat to bulk consumers on first day of e-auction

FCI commenced e-auction of wheat on February 1 under Open Market Sale Scheme (OMSS) for bulk users in order to improve domestic availability and check wheat prices.

FCI to start e-auction of 25 lakh tonne wheat to bulk buyers from February 1

On Wednesday, the government announced plans to sell 30 lakh tonne of wheat in the open market from its buffer stock under the Open Sale Market Scheme (OMSS) in order to check rising wheat and wheat flour prices.

Probe into alleged corruption in FCI a wake-up call; guilty will not be spared, says Food Minister Piyush Goyal

FCI - the government's nodal agency for procurement and distribution of foodgrains - would follow the principle of zero tolerance for corruption, the minister said.

Food Corporation of India 'corruption': CBI searches 50 locations; DGM arrested

The CBI on Wednesday launched a crackdown on alleged corruption in the Food Corporation of India, conducting searches at 50 locations in Punjab, Haryana and Delhi after arresting a DGM-ranked officer, officials said.

Enough stock of wheat in India, government has no plans to import

''There is no such plan to import wheat into India. Country has sufficient stocks to meet our domestic requirements and FCI has enough stock for pubic distribution,'' said the Food department.

Centre extends wheat procurement season; asks states, UTS to continue till May 31

The government also directed the Food Corporation of India to continue with wheat procurement under the central pool.

Centre relaxes procurement norms for shrivelled, broken wheat grains upto 18%

With this decision, the government is aiming to reduce the hardship of farmers and avoid distress sale of wheat.

 Exclusive | Govt may impose export controls on wheat by June

The sudden fall in wheat yields due to the heatwave across North India, and continuing bulk purchases by traders eyeing exports, have led to government procurement slowing down. If the situation persists, restrictions could become inevitable soon, say officials.

Wheat exporters keep a wary eye on possible export restrictions

Govt procurement of wheat, which begins in April, is set to receive a slow response in major states as market prices remain above MSP. Global prices and the demand for Indian wheat will determine whether export restriction is mandated.

Regulatory woes thwart potential wheat export gains for India spawned by Russia-Ukraine war

India’s rising wheat exports may not be able to corner Ukraine’s biggest market of Europe due to regulatory issues. However, a bigger opportunity rests closer home as Bangladesh, the world’s fifth largest wheat importer, ramps up buying.

Centre buys record 398.59 lakh tonnes of wheat at MSP for Rs 78,721 crore

The record procurement of wheat has been achieved amid farmers' protest at Delhi-borders since late November 2020.

FCI switches to tech to protect procurement system from fraudsters

With incidents of hoarding and frauds, the FCI is mulling to introduce gadgets at its procurement centres that will show the 'age of rice'. The new practice will prevent middlemen and traders to recirculate and resell old rice to FCI.

Punjab CM opposes DBT for farmers, writes to PM Modi seeking deferment of scheme by 1 year

The Food Corporation of India (FCI) had written to the Punjab government earlier this month seeking land details of cultivators for e-payment of procured crops.

Parliamentary panel asks FCI to recover Rs 105.40 crore pending dues from 3 PSUs

The committee said, "all out efforts be made to recover or settle the pending dues of Rs 105.40 crore from the concerned central public state undertakings (CPSUs) that have been pending since the last 6-8 years.”

Coronavirus impact | Cash flow of state procurement agencies to see positive impact: India Ratings

State procurement agencies procure the stock of wheat and paddy from designated mandis and supply them to FCI for building its central pool. In FY16, stock in the central pool grew 7 percent to 36.7 MT before declining 15 percent in FY17

Rural India needs more than just easing of Covid-19 curbs

Ground rules have to be set and monitored carefully to ensure that April 20 guidelines do not simply remain on paper

Coronavirus pandemic | Govt to give life insurance cover up to Rs 35lk to FCI officials, labourers, says Ram Vilas Paswan

State-owned Food Corporation of India (FCI) is the Centre's nodal agency that is engaged in procurement of foodgrains at a minimum support price (MSP) directly from farmers and distributes the same at a subsidised rate to over 81 crore ration card holders in the country.