E-PaperFood Corporation Of India News
Cabinet approves big increase in authorized capital of FCI
The present authorized equity capital of FCI is ₹3,500 croreThis will reduce the borrowings of FCI, save interest cost of FCI and reduce food subsidy in consequence
1 min read27 Nov 2019Govt procures 16.51 mn tons of rice so far; to exceed target
The rice procurement target set for this year was 37 million tonnes
2 min read20 Nov 2018Opinion | Warehousing receipt system: the missing link
Market-oriented schemes need to be aggressively promoted so that farmers can benefit from the rise in prices in the off season
4 min read25 Sep 2018Reform agriculture marketing systems to address farm distress
The actual determination of MSP is driven by a 'business as usual' practice of incremental increases in line with past trend, combined with the political need for 'look good' optics
8 min read19 Jul 2018FCI exam paper for post of watchman ‘leaked’ in Madhya Pradesh; 48 candidates, 2 agents held
Two middlemen and 48 candidates were arrested by the Madhya Pradesh STF for allegedly 'leaking' the question paper of a Food Corp. of India examination for the post of a watchman
1 min read2 Apr 2018Government to infuse Rs5000 crore in Food Corp in next 2 years: panel
The government will infuse Rs5,000 crore equity in state-run FCI over the next two years to ease liquidity problem and make its procurement operations more efficient
1 min read11 Mar 2018Govt targets to procure 32 million tonnes wheat in 2018-19
Wheat procurement target of 32MT is higher than the actual purchase of 30.82MT during 2017-18 marketing year
1 min read15 Feb 2018Budget 2018 proposes restructuring of Food Corporation of India capital
The move will help FCI improve its liquidity situation and efficiently carry out procurement operations on behalf of the govt, besides ensuring support prices to farmers
1 min read1 Feb 2018CAG flags loopholes in food subsidy scheme
A CAG audit of Food Corporation of India (FCI) found 470,000 tonnes of wheat valued at Rs700 crore was wasted in Punjab in 2015-16
2 min read5 Aug 2017Some FCI proxy labourers earn Rs2-3 lakh per month: CAG report
According to a CAG report, FCI would have saved Rs35,702 crore interest burden during 2011-16 had the government released food subsidy on time
2 min read5 Aug 2017Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared