Mar 26, 2021 05:26 PM IST
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.
- Feb 10, 2021 01:48 PM IST
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
- Feb 01, 2021 08:59 PM IST
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.
- Jan 29, 2021 08:25 PM IST
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.”
- Jan 01, 2021 08:56 PM IST
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.
- Dec 26, 2020 09:06 PM IST
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.
- Dec 14, 2020 07:35 PM IST
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.
- Dec 11, 2020 06:25 PM IST
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.
- Oct 15, 2020 07:40 PM IST
The government through the Food Corporation of India (FCI) and state agencies undertakes procurement of paddy at MSP.
- Oct 12, 2020 07:55 PM IST
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.
- Jul 15, 2020 08:26 PM IST
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.
- Jun 17, 2020 06:49 PM IST
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.
- Jun 12, 2020 06:46 PM IST
About 55 lakh tonnes of foodgrains is required for a month under the National Food Security Act (NFSA) and other welfare schemes.
- Apr 27, 2020 06:56 PM IST
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.
- Apr 23, 2020 10:14 PM IST
Maximum movement was from Punjab, which loaded 46 train loads, followed by Telangana with 18.
- Mar 27, 2020 10:10 AM IST
The government’s proactive move to ensure adequate ration supplies during Covid-19 crisis will help FCI to clear its excess stock
- Dec 26, 2019 11:21 AM IST
With consumer price inflation moving up, the real growth in non-food credit has slipped dramatically
- Dec 10, 2019 06:55 PM IST
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.
- Dec 03, 2019 06:25 PM IST
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.
- Nov 07, 2019 09:06 AM IST
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
- Aug 30, 2019 08:56 AM IST
FCI can determine neither the purchasing/sale price not the quantities it wants to buy or sell
- Mar 11, 2019 05:45 PM IST
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).
- Aug 04, 2017 07:36 PM IST
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.
- Mar 22, 2017 01:59 PM IST
On December 8, the government had reduced customs duty on wheat to zero from 10 percent to boost domestic availability and check retail prices.
- Mar 07, 2017 11:32 AM IST
The Food Corporation of India (FCI) plans to start the new procurement season for wheat without any excess inventory, reports the Financial Express.