food corporation of india
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  • FCI switches to tech to protect procurement system from fraudsters Mar 26, 2021 05:26 PM IST

    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.

  • Explained | Why the Finance Minister wants to discontinue off-budget NSSF loans to Food Corporation of India Feb 10, 2021 01:48 PM IST

    Explained | Why the Finance Minister wants to discontinue off-budget NSSF loans to Food Corporation of India

    Food Corporation of India has been the biggest recipient of off-budget financing through NSSF loans. Finance Minister Nirmala Sitharaman stated in her Budget speech that the Centre would end this practice. Their extra-budgetary nature meant these borrowings did not figure in the fiscal deficit calculation and therefore did not paint an accurate picture of the economy

  • Budget 2021: Government looks to end below-the-line accounting of Budget numbers Feb 01, 2021 08:59 PM IST

    Budget 2021: Government looks to end below-the-line accounting of Budget numbers

    The Finance Ministry had promised in the past few years that it would end the practice of Extra Budgetary Resources and bring every allocation and loan on-the-books. It seems to be finally taking steps in that direction.

  • Parliamentary panel asks FCI to recover Rs 105.40 crore pending dues from 3 PSUs Jan 29, 2021 08:25 PM IST

    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.”

  • Govt procures paddy worth Rs 92,121 crore so far at MSP; purchase in volume terms up 25% Jan 01, 2021 08:56 PM IST

    Govt procures paddy worth Rs 92,121 crore so far at MSP; purchase in volume terms up 25%

    The Food Corporation of India (FCI) and state agencies have purchased 487.92 lakh tonnes of paddy till December 31 as against 390.56 lakh tonnes in the corresponding period of the previous year.

  • Govt procures paddy worth Rs 84,928 crore this kharif season so far Dec 26, 2020 09:06 PM IST

    Govt procures paddy worth Rs 84,928 crore this kharif season so far

    Food Corporation of India (FCI) and other state agencies have procured 449.83 lakh tonnes of paddy till December 25 as against 360.09 lakh tonnes in the corresponding period of the previous year.

  • Paddy procurement up 21% at 375.72 lakh tonnes so far; valued at nearly Rs 71,000 crore Dec 14, 2020 07:35 PM IST

    Paddy procurement up 21% at 375.72 lakh tonnes so far; valued at nearly Rs 71,000 crore

    The Food Corporation of India and state agencies have purchased 375.72 lakh tonnes of paddy till December 13 as against 310.71 lakh tonnes in the year-ago period.

  • Govt buys 368.7 lakh ton kharif paddy so far at MSP for Rs 69,612 crore Dec 11, 2020 06:25 PM IST

    Govt buys 368.7 lakh ton kharif paddy so far at MSP for Rs 69,612 crore

    The Food Corporation of India and state agencies have purchased 368.7 lakh tonnes of paddy up to December 10 as against purchase of 300.97 lakh tonnes in the corresponding period last year.

  • Govt buys 62.42 lakh tonne kharif paddy at MSP in last 19 days Oct 15, 2020 07:40 PM IST

    Govt buys 62.42 lakh tonne kharif paddy at MSP in last 19 days

    The government through the Food Corporation of India (FCI) and state agencies undertakes procurement of paddy at MSP.

  • Gov buys nearly 43 lakh tonne kharif paddy at MSP in last 16 days Oct 12, 2020 07:55 PM IST

    Gov buys nearly 43 lakh tonne kharif paddy at MSP in last 16 days

    For the current year, the centre has fixed MSP of paddy (common grade) at Rs 1,868 per quintal, while that of A grade variety has been fixed at Rs 1,888 per quintal.

  • Govt can save Rs 9,000 crore if wheat rates under OMSS are reduced by Rs 500/qtl: Flour millers Jul 15, 2020 08:26 PM IST

    Govt can save Rs 9,000 crore if wheat rates under OMSS are reduced by Rs 500/qtl: Flour millers

    The Roller Flour Millers Federation of India (RFMF) promised it will pass on the reduced prices to consumers while also pitching for GST exemption for fortified wheat flour.

  • Govt achieves new record in wheat procurement at 38.2 million tonnes Jun 17, 2020 06:49 PM IST

    Govt achieves new record in wheat procurement at 38.2 million tonnes

    All over India, 42 lakh farmers have been benefitted and a total amount of about Rs 73,500 crore has been paid to them towards Minimum Support Price (MSP) for wheat, according to a Food Ministry statement.

  • Nearly 812 lakh tonnes foodgrains available in FCI godowns: Govt Jun 12, 2020 06:46 PM IST

    Nearly 812 lakh tonnes foodgrains available in FCI godowns: Govt

    About 55 lakh tonnes of foodgrains is required for a month under the National Food Security Act (NFSA) and other welfare schemes.

  • Coronavirus lockdown: Grain stocks hit record high as govt procurement hits top gear Apr 27, 2020 06:56 PM IST

    Coronavirus lockdown: Grain stocks hit record high as govt procurement hits top gear

    During the lockdown, daily-wage workers and the poor are facing the threat of large scale hunger with the sudden collapse of workdays and income. Meanwhile, farmers have begun harvesting and transporting a bumper wheat crop to the mandis.

  • FCI transports 2.8 lakh tonnes food grains to states on Wednesday Apr 23, 2020 10:14 PM IST

    FCI transports 2.8 lakh tonnes food grains to states on Wednesday

    Maximum movement was from Punjab, which loaded 46 train loads, followed by Telangana with 18.

  • COVID-19 | Cashing in on food grain buffer Mar 27, 2020 10:10 AM IST

    COVID-19 | Cashing in on food grain buffer

    The government’s proactive move to ensure adequate ration supplies during Covid-19 crisis will help FCI to clear its excess stock

  • Chart of the Day | Real bank credit growth drops drastically Dec 26, 2019 11:21 AM IST

    Chart of the Day | Real bank credit growth drops drastically

    With consumer price inflation moving up, the real growth in non-food credit has slipped dramatically

  • FCI raises Rs 8,000 cr on BSE BOND platform Dec 10, 2019 06:55 PM IST

    FCI raises Rs 8,000 cr on BSE BOND platform

    B S Mohapatra, Executive Director (Finance) at FCI said the platform's convenience, user-friendly feature and support from BSE team smoothened the entire bidding and fund-raising process.

  • Govt sold 15.05 lakh tons of wheat and rice in open mkt till November 20 Dec 03, 2019 06:25 PM IST

    Govt sold 15.05 lakh tons of wheat and rice in open mkt till November 20

    In a written reply to the Lok Sabha, Minister of State for Food Danve Raosaheb Dadarao said about 8.99 lakh tonnes of wheat and 6.06 lakh tonnes of rice has been sold through the open market sale scheme (OMSS) till November 20 of this year.

  • Time to remodel food procurement policy Nov 07, 2019 09:06 AM IST

    Time to remodel food procurement policy

    What is needed today is growing in rainfed areas more traditional coarse grains which are highly nutritional, are not water guzzlers and can thrive with the use of organic manure coming out of the same environment from crop residue and livestock manure

  • Food for thought | Why the FCI’s health is failing rapidly Aug 30, 2019 08:56 AM IST

    Food for thought | Why the FCI’s health is failing rapidly

    FCI can determine neither the purchasing/sale price not the quantities it wants to buy or sell

  • FCI disposes of almost entire pulses stock of 2.98 lakh tonne Mar 11, 2019 05:45 PM IST

    FCI disposes of almost entire pulses stock of 2.98 lakh tonne

    FCI had a stock of 2.98 lakh tonne of pulses procured at the minimum support price (MSP) during 2015-16 and 2016-17 marketing years (July-June).

  • FCI could have saved Rs 36K cr if subsidy came on time: CAG Aug 04, 2017 07:36 PM IST

    FCI could have saved Rs 36K cr if subsidy came on time: CAG

    State-run Food Corporation of India (FCI) would have saved Rs 35,701.81 crore interest burden during 2011-16 had the government released food subsidy on time, the CAG said.

  • Govt considering imposing import duty on wheat: Agriculture Secretary Mar 22, 2017 01:59 PM IST

    Govt considering imposing import duty on wheat: Agriculture Secretary

    On December 8, the government had reduced customs duty on wheat to zero from 10 percent to boost domestic availability and check retail prices.

  • Food Corporation to start year without excess stock: Report Mar 07, 2017 11:32 AM IST

    Food Corporation to start year without excess stock: Report

    The Food Corporation of India (FCI) plans to start the new procurement season for wheat without any excess inventory, reports the Financial Express.

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