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Centre tweaks FCI funding, helping it to go debt free

FCI has long been resorting to external borrowings to maintain food reserves, fund its purchases of grains from farmers and redistribute them to 800 million beneficiaries free of cost

Depending on disposal of cereal stocks and various other costs, the FCI provides finance ministry with its financial requirement every week, based on which funds are released. (Reuters)
Updated on Jul 09, 2024 05:56 AM IST

B’shahr grain black marketing: Senior officials under scanner

A senior government official said the state authorities had ordered probe into the role of other officers responsible for the black marketing . He said such a big fraud of black-marketing of 3000 quintals food grains could not be take place without the connivance of district level officials or perhaps it was sheer negligence on their part .

The state government on Wednesday suspended several officials in connection with the fraud. (Pic for representation)
Updated on Jun 07, 2024 05:02 AM IST

Wheat procurement sufficient for food-security schemes: Govt

Sufficient procurement is critical this year to help India, also the world’s second biggest wheat consumer, replenish depleted stocks, which have hit a 16-year-low

Procurement refers to purchases of grains by the Food Corporation of India (FCI), the Centre’s main grain-handling agency, at federally determined floor prices (HT)
Updated on May 01, 2024 05:30 AM IST
By, New Delhi

State agencies burdened due to farmers, arhtiyas’ FCI boycott in Moga

The arhtiyas had announced a boycott of FCI to protest against the deduction in the per quintal commission, following which farmers also boycotted the Adani Group-owned storage unit at Moga

FCI, the central agency witnessed no direct procurement, putting the entire onus of procuring the grain on state agencies. (HT Photo)
Updated on Apr 29, 2024 09:30 AM IST
By, Faridkot

A push for FCI modernisation

Injection of funds can improve the efficiency of food procurement and distribution system

FCI, a state-owned corporation through which 70% of federal food subsidies are routed, is critical for the country’s food security as it procures millions of tonnes of farm produce at federally fixed minimum support prices (HT File)
Published on Apr 22, 2024 10:59 PM IST
ByHT Editorial
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